Tata Motors has launched a voluntary retirement scheme after union demands, allowing eligible permanent employees aged 40 to 55 to opt out. Around 300 staff have reportedly enrolled so far. The VRS offers flexible compensation choices and medical benefits, as the auto maker looks to streamline operations and reduce its manufacturing footprint.
Employee unions have been granted time until May 31, 2026 to submit their demands for the eighth Central Pay Commission. They are calling for the minimum pay to be doubled to Rs 69,000 per month from January 1, 2026, along with a fitment formula of 3.833 for existing employees and pensioners.
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