Cummins India is informing about a program they’re starting. This program is called the ‘Voluntary Retirement Program’ (VRP) and the ‘Voluntary Separation Program’ (VSP), and it’s for their professional employees. These programs will be available from November 6, 2023.
The VRP is for employees who are at least 50 years old and have worked for Cummins for a minimum of 10 years. The VSP is for other employees who don’t meet the VRP criteria, as explained in the program document. These programs are part of Cummins’ efforts to reduce their operating costs, improve cash flow, and prepare for the future.