Colgate Palmolive (India) Limited provided a VRS to the workers

Colgate Palmolive (India) Limited. mentioned on Fri that The Firm had provided a VRS (Voluntary Retirement Scheme) to the workers doing the job at its plant involved in the production of toothpowder at Hyderabad.

“Consistent with our caring method, the compensation plan provided under the Voluntary Retirement Scheme to the workers of the Hyderabad plant was fair and reasonable and commensurate with the recently provided in the area,” Colgate Palmolive (India) mentioned.

As all the workers have availed the benefit of the mentioned Voluntary Retirement Scheme, the production processes in the Hyderabad plant has been discontinued effective Sep 29, it mentioned.

Colgate Palmolive (India) clarifed that it will never affect it’s toothpowder business because it has sufficient capability to provide to the need of the market.

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