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.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

When Begins Investing

When Begins Investing [ad name="Banner 468 x 60 Text emage"] The quicker one begins investing the better. By investing very early a person allow investment funds a longer period ...…

The Equity Market

The Equity Market The Indian Equity Market is more commonly known as the Indian share Market. The Indian stock (share) market has become the third biggest after China ...…

Difference In Between Public Issue And Private Placement

Difference In Between Public Issue And Private Placement When an issue isn't made to just a select group of people however is available to the general public as well as any other investor ...…

Best Shortterm Investment Options

Best Shortterm Investment Options Generally talking, money market and liquid funds, savings bank accounts, and fixed deposit with bank can be viewed as 'shortterm investment methods' : Savings Bank Account ...…

Definition for Bond

Definition for Bond A bond is a debt security issued for a period of more than one year with the purpose of raising capital by borrowing. The bonds ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics