Rico Auto lays off 119 permanent workers from Dharuhera plant

Rico Auto Industries on Monday said it has laid off 119 permanent workers from its Dharuhera (Haryana) plant with effect from May 22. In a regulator y filing, the auto-components maker said it had introduced VRS (voluntar y retirement scheme) for its permanent associates in Dharuhera facility in October, 2019 to rationalise manpower based on business demand. However, only 42 associates out of 208 took the VRS and to run the plant on a sustainable basis the company needed to reduce the manpower substantially, by another 119 persons, it added.