Essayer OR - Gratuit

Volkswagen group rolls out VRS for production site workers

Business Standard

|

December 11, 2025

Skoda Auto Volkswagen India Private Ltd (SAVWIPL), which operates two manufacturing plants in Pune and Chhatrapati Sambhaji Nagar (erstwhile Aurangabad), has rolled out a voluntary retirement scheme (VRS) for employees who are considering retirement or other career opportunities.

- SOHINI DAS

Claiming that the scheme is 'entirely voluntary', an SAVWIPL spokesperson told Business Standard: “Based on requests from the union over the past couple of years, and following constructive discussions with the union committees, SAVWIPL has introduced a VRS to support employees who are considering retirement or exploring other career opportunities.” He added, “The scheme is entirely voluntary, underscoring our commitment to employee welfare and social responsibility.”

These two factories in Maharashtra make cars, including the Skoda Kushaq, Audi Q3 and Q5 and Volkswagen Virtus, for both the India market and exports.

PLUS D'HISTOIRES DE Business Standard

Business Standard

Global stock index hits record level

Global stocks climbed to a fresh record as the Federal Reserve's interest-rate cut this week and its upbeat assessment of the US economy boosted investor sentiment.

time to read

1 min

December 13, 2025

Business Standard

Business Standard

Musk’s Mars mission adds risk to red-hot SpaceX IPO

Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.

time to read

1 min

December 13, 2025

Business Standard

EU set to indefinitely freeze Russian assets

The European Union (EU) looked set on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Moscow’s invasion.

time to read

1 min

December 13, 2025

Business Standard

The ‘delusional’ optimist

Mathur takes Ajinkya Kawale and Shivani Shinde through the payment aggregator’s journey, its challenges, his vision for it, and where his optimism comes from

time to read

6 mins

December 13, 2025

Business Standard

Business Standard

Can OpenAI respond after Google closes AI tech gap?

Just before Thanksgiving, Google boasted that its new and improved Artificial Intelligence model, Gemini 3, had surpassed the technology from its young rival Open AI and ‘was now the best in the world.

time to read

1 mins

December 13, 2025

Business Standard

Govt amends petroleum, natural gas rules for ease of doing business

‘The government has amended the Petroleum and Natural Gas Rules, 2025 to offer ease of business and operations in the country’s exploration and production (E&P) sector.

time to read

1 min

December 13, 2025

Business Standard

Business Standard

'Listing won't alter our investment philosophy'

India is a market where scalable businesses with lower margins and higher volumes create enduring value, says Nimesh Shah, managing director (MD) and chief executive officer (CEO) of ICICI Prudential Asset Management Company (AMC).

time to read

2 mins

December 13, 2025

Business Standard

'India-Sweden economic corridor positioned for robust expansion'

Business Sweden -- the Swedish Trade and Invest Council -- expects its investments in India to grow sharply over the next five years, potentially doubling from current levels.

time to read

2 mins

December 13, 2025

Business Standard

Business Standard

New name and more work days’ promise on anvil for MGNREGA

The Centre is renaming the flagship Mahatma Gandhi Rural Employment Guarantee Scheme, or MGNREGS, to Pujya Bapu Grameen Rozgar Yojana, while raising the number of mandatory guaranteed employment days from 100 to 125.

time to read

1 min

December 13, 2025

Business Standard

Auto financier stocks rise; valuations may cap upside

Investors should take selective exposure to the sector at current levels, say analysts

time to read

2 mins

December 13, 2025

Listen

Translate

Share

-
+

Change font size