Honda Motorcycle announces its first-ever VRS amid weak two-wheeler demand

Honda Motorcycle & Scooter India (HMSI), the 100 per cent subsidiary of Japan’s Honda Motor Company, has introduced a voluntary retirement scheme (VRS) for permanent employees as it seeks to “realign its production strategy” and improve the overall efficiency in “these uncertain times”, the company said in an internal circular on Wednesday. Employees above the age of 40 or those who have completed 10 years of service are eligible for the scheme. This is the first time in its 20-year history that the maker of Activa scooters and Unicorn motorcycles has .....

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