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