India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Letters

Advertisers Forum


Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Morning Digest

Express Greeting

Graffiti

Crossword

Drumbeat: Ad Buzzaar


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Friday, September 18, 1998

HM to persist with golden handshake 

PRESS TRUST OF INDIA  
Calcutta, Sept 17: Hindustan Motors will continue the voluntary retirement scheme (VRS) at the Uttarpara unit near here, but has not decided on the number of employees to be brought under the scheme.

"The VRS will continue at our Uttarpara plant," Hindustan Motors executive vice-president R Santhanam told presspersons here while announcing the company's rights issue.

He parried a pointed question as to how many employees at the unit have so far opted for the VRS, but said the company had not set any target for the number of employees it wanted to bring under the scheme.

Santhanam said most car production units in the country produced 63 cars per employee per year against the world average of 108. HM's rural transport vehicle unit at Pithampur, Madhya Pradesh, has the capacity to produce 40, while its Lancer car unit at Tiruvallur, Tamil Nadu, will produce 33.

Production at HM's Uttarpara unit, however, was way behind with only about three cars produced per employee per year, he said, and hinted thatefforts would be made to bring about a parity in its production with other units.

Sanathanam, however, did not say whether this would be brought about by decreasing workforce.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties