Bata India has informed that at the Board Meeting of the Company held on December 21, 2016 the Board considered and approved introduction of a Voluntary Retirement Scheme (VRS) for all eligible employees/ workers at the Faridabad Unit of the Company. Status of implementation of the aforesaid VRS and financial impact thereof will be ascertained and communicated in due course. The Company believes that implementation of the VRS will be beneficial to the Company in the long term.
The above information is a part of company’s filings submitted to BSE.
