India's Maruti to offer early retirement to workers

Newswire

NEW DELHI, Sept 18 (Reuters) - India's largest carmaker, Maruti Udyog Ltd , will offer an early retirement plan for all permanent employees in this fiscal year to March, 2004, the Bombay Stock Exchange said on Thursday. In a statement posted on its Web site, www.bseindia.com, Maruti informed the exchange its board of directors approved the voluntary retirement scheme proposal at its meeting on September 17. The scheme will be offered in two phases in the current fiscal year and will be ...

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