Hindustan Motors offers VRS to all its employees

Hindustan Motors has offered VRS to all its employees. The VRS notice was pasted on the gates of the company’s Uttarpara unit by the management, which said all workers would be paid their statutory dues plus and additional amount of Rs 1 lakh each. The VRS scheme would be applicable from November 9 till November 20, both days inclusive. The Uttarpara unit of Hindustan Motors (HM) has employed about 2,300 odd workers. HM, which shot to limelight by manufacturing the iconic Ambassador car at its Uttarpara unit, faced troubled fortunes with declining sales of the vehicle over the years owing to onset of competition from Japanese and Korean auto makers. Hindustan Motors is India’s pioneering automobile manufacturing company manufactures passenger cars, Multi Utility Vehicles and RTV. It also manufactures passenger cars in the mid size premium segment (Mitsubishi Lancer, Lancer Select, and Lancer Cedia) and has brought the Sports Utility Vehicle (Mitsubishi Pajero) into the Indian market, in collaboration with Mitsubishi Motors of Japan.