Exclusive: GM close to India exit as 99% of union workers accept VRS settlement

Exclusive: GM close to India exit as 99% of union workers accept VRS settlement



Autocar Professional learns that the US carmaker has settled almost 99% of the 880 protesting workers’ VRS requirements – which may have led to a cash outgo of about Rs 100 crore to Rs 125 crore by 29 March.

US carmaker General Motors is finally at the last leg of closing its local operations in India, after almost 39 months of a protracted standoff with workers and local authorities of the Maharashtra state…
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Source: https://www.autocarpro.in/news/exclusive-gm-close-to-india-exit-as-99-of-union-workers-accept-vrs-settlement-119861?amp=1