Endurance Technologies updates on VSS Scheme, offer VSS to 177 workers

Company has achieved workforce rationalisation for the plant which will lead to overheads reduction.

May 25, 2021 10:05 IST India Infoline News Service

Endurance Technologies has earlier informed that the Company has accepted separation of 177 permanent workmen on its rolls under the Voluntary Separation Scheme (VSS) for its plant situated at B-1/2 & 1/3, MIDC Industrial Area, Chakan, Village Nighoje, Taluka Khed, Dist. Pune, Maharashtra.

This would entail a pay-out of Rs314.50 million towards VSS.

Further, the company updated that through this VSS, the Company has achieved workforce rationalisation for the plant which will lead to overheads reduction and greater efficiency in the plant operations.

At around 10:30 AM, Endurance Technologies was trading at Rs1,445.85 per piece up by Rs8.05 or 0.56% from its previous closing of Rs1,437.80 per piece on the BSE.

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