Wednesday, May 24, 2017

Tata Motors to cut 1500 managerial jobs

Tata Motors said it will cut 1500 managerial jobs as a part of organisational restructuring exercise. In a statement it said, The reference (total managers) on which we started (the exercise) was in the vicinity of 13,000...we do see as far as the white collar population is concerned, an overall reduction in the vicinity of 10-12 per cent (up to 1,500).

It said, blue collar or worker jobs have not been impacted as part of the exercise.

Also read: Tech Mahindra Lays Off 1000 Employees

Tata Motors chief financial officer, C Ramakrishnan said, We underwent a very detailed exercise in terms of the roles, the requirements and the fitment of the roles etc. It was a very comprehensive exercise which we rolled out over a 6-9 month period which also factored in performance and leadership qualities," the company's group chief financial officer.



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