scorecardresearchFord India revises final severance package to employees; additional one-time payment of ₹1.5 lakh among others

Ford India revises final severance package to employees; additional one-time payment of 1.5 lakh among others

Updated: 22 Sep 2022, 10:39 AM IST
TL;DR.
An additional one-time lump sum of 1.50 lakh will also be included in the final settlement. A cumulative severance package for each employee would range from 34.50 lakh up to 86.50 lakh and the revised settlement would translate to an average of about 5.1 years or 62 months salary for each employee, Ford said.
FILE PHOTO: The logo of Ford Motor Co is seen at the company's assembly plant in Genk October 24, 2012. REUTERS/Francois Lenoir/File Photo

FILE PHOTO: The logo of Ford Motor Co is seen at the company's assembly plant in Genk October 24, 2012. REUTERS/Francois Lenoir/File Photo