1,050 MUL employees opt for VRS

By Our Special Correspondent

NEW DELHI, OCT. 30. As many as 1,050 employees of Maruti Udyog, accounting for nearly 19 per cent of the workforce, have opted for voluntary retirement. This has brought the employee strength down from 5,646 employees on the day the scheme opened to 4,596 at present.

However, with the reduced workforce, the company would still be able to manufacture at 120 per cent plant capacity, assured company officials. The VRS would help reduce the cost to the company of each worker which is at present about Rs. 22,000 per month.

Employees opting for the VRS were from various categories and included technicians and assistants, supervisors and senior managers. As many as 90 per cent or 993 workers opting for the VRS were from the Maruti Employees' Union while the remaining 57 workers were supervisors, managers and executives.

The total outgo on account of VRS would be about Rs. 65 crores. On an average, Rs. 6.50 lakhs will be paid to each worker, depending on the seniority and position. The workers would be paid a package of 15 days - three months of their salary for each year served in the company, besides two years of salary after the VRS. ``The entire pay-back period would be less than three years which is very attractive," the officials added.

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