The latest Chairmanship of N. Chandrasekaran's took a major move of reducing staff in Tata Motors by offering a voluntary retirement scheme (VRS). The giant Automobile firm, is shrinking its management levels from fourteen to five, and 400-500 executives are targetted under the scheme. Tata Motors, the unit of $104-billion parent firm Tata Group, has 26,569 on its roll. 

The country's largest automaker by revenues has been offering VRS on and off to its employees, last was with 250-odd factory workers in 2015-16. Tata Motors is gearing up for the management positions consolidations while reducing costs & streamlining its operations after posting losses wich widened at its local unit. The next organisational layer will commence from next month.

The VRS scheme was approved by the board of directors last month. N Chandrasekaran was appointed the chairman of Tata Motors in January. The Executives at the middle-level will be armed up with new job responsibilities and relocation will be done to its global development centre (GDC) in Pune.

The GDC at Pune offers shared services in varied areas like finance and data analytics. "As a part of the restructuring plan roles are being identified that are best at central, common service structure, providing services across the company through optimized and efficient processes", said a TataMotors spokesperson.

Also , ead:

India's Corporate debt Increases by 15 percent as on December

Maggi maker Nestle to Revamp the whole product line to make products more healthier

Pharma firms pays Rs 672 crore fine to NPPA for overcharging