Wednesday, April 5, 2023

Hero Motor Corp Announces 'Voluntary Retirement Scheme VRS' For All Employees

 - 2 wheeler manufacturer Hero Motor Corporation has announced Voluntary Retirement Scheme for all its staff members

- VRS offers a package that includes - one time lumpsum amount, variable pay, gifts, medical coverage, retention of company car, relocation assistance, career support etc

- The Company said the move is to keep the Corporation agile and future ready

 - Hero Motors said the demand is improving and it expects double digit growth

- In March Hero Motor Corp sold 519,342 units recording double digit growth of 15%. However its exports fell by 51.69% to 16,612 units

- Earlier This Month, due to rise in costs Hero Mortor Corp revised prices of few of its vehicles

- In Stock Market, Hero Corp almost ended flat in the share price

For more updates one can read Economic Times, Business Today, CNBC News 18 and other news media

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