Ford India sets Aug 10 deadline for employees to conclude severance talks

Ford India had increased its offer from 87 days to 124 days of average equivalent wages per completed years of service

The Ford India management on Wednesday informed the employee union of its Maraimalai Nagar plant near Chennai to conclude the negotiations on severance package before August 10, failing which the company will be forced to launch its ‘last offer’ as a voluntary separation scheme. 

In a letter written to the Chennai Ford Employees Union (CFEU), the company termed it as a last attempt to conclude severance negotiations. The company had increased its offer from 87 days to 124 days of average equivalent wages per completed years of service, subject to a minimum amount of Rs 30 lakh and a maximum cap