Escorts lean management move, 350 employees take VRS

Escorts VRS
Ferrari tractors launched in India by Escorts for Rs 8 lakhs

Escorts VRS plan was closed within 30 days, and costs about Rs 30 crore and will have a payback of 2 years. The one time impact will reflect in Escorts’ Q2 results.  Ishan Mehta, Executive Vice President, HR & ER says the VRS offer was a group wide strategic initiative to make Escorts leaner and smarter with more focus on productivity and improves organisational efficiencies.

Dipankar Ghosh, CEO – Escorts Auto Products says the company has initiated ambitious programs with ‘lean’ management and consolidation of manufacturing facilities  being prioritised to create more profitable production methods.

Alongside, Escorts has engaged with chosen prospective partners for technology infusion to get a slice of the pie from larger opportunities available in automotive sector. He is confident these initiatives will enable EAP to target higher market share through high end products to domestic and international markets.