VST Tillers Tractors workmen at Bengaluru factory accept Voluntary Retirement Scheme; Stock jumps ~5%

The company has shifted Bengaluru tractor operation to Hosur, Tamil Nadu.

May 17, 2021 12:05 IST India Infoline News Service

VST Tillers Tractors
VST Tillers Tractors Limited informed the exchanges Sunday that the Voluntary Retirement Scheme for all eligible workmen of the Bengaluru Factory has been accepted by the workmen and the same has been implemented for workmen of the Bengaluru Factory.

Further to the implementation of the VRS scheme, the Bengaluru tractor operation has been shifted to Hosur, Tamil Nadu. The company had intimated about introduction of Voluntary Retirement Scheme for all eligible workmen of the Bangalore Factory on March 19, 2021.

At around 12.19 pm, VST Tillers Tractors Ltd was trading at Rs1826.95 per piece up Rs82.60 or 4.74% from its previous closing of Rs1,744.35 per piece on the BSE.

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