TTK Prestige Ltd has introduced a voluntary retirement scheme (VRS) for workmen at its Hosur manufacturing facility. The scheme aims to streamline operations and optimize workforce, with an estimated financial impact of approximately ₹95 million.
                                        
                        
	TTK Prestige Ltd recently announced the introduction of a voluntary retirement scheme (VRS) targeted at workmen employed at its Hosur factory. This strategic move aims to optimize workforce management and enhance operational efficiency at one of the company’s key manufacturing units.
	 
	Key Highlights:
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		The VRS offers an opportunity for workmen at the Hosur plant to voluntarily exit, aligning with the company’s broader goals of workforce rationalization.
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		The estimated financial impact of the scheme stands at around ₹95 million, covering compensation and associated costs.
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		By implementing the VRS, TTK Prestige aims to create a more agile and cost-effective production environment.
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		The company reaffirmed its commitment to transparent communication and smooth implementation to support impacted employees.
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		This workforce restructuring comes amid evolving industry dynamics and the need to maintain competitive operational structures.
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		Investors will monitor the impact of this scheme on the company’s financials and overall productivity.
	TTK Prestige continues to balance operational excellence with responsible human resource policies, reinforcing its position in the consumer durable goods market.
	 
	Sources: NSE India, BSE Filings, company press releases