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Tuesday, July 6, 1999

Escorts-Yamaha to trim workforce this fiscal 

Byas Anand  
New Delhi, July 5: In a bid to contain costs and improve productivity, Escorts Yamaha Motors Ltd (EYML) has targetted to reduce its workforce by 200 during the current financial year.

This would be over and above several casual workers that the company intends to withdraw, Escorts Yamaha joint managing director Nikhil Nanda said here on Monday. "We eventually want to withdraw the entire casual workforce over a period of time. Over the last two months, around 420 casuals have already been withdrawn."

This is a part of the company's decision to tighten its own belt to keep costs under control. The trimming exercise for 200 permanent employees would include retirements and people who would opt for voluntary retirement scheme (VRS).

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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