Archive · 9 Jan 2026
Bata India Approves VRS for Hosur Unit
Bata India, a shoe company, has decided to let some of its workers in Hosur, Tamil Nadu, choose to retire early if they want to.
This is called a voluntary retirement scheme.
The company hasn't said yet how much money this will cost or how many workers will take the offer.
The company's stock price went down a little, and it made less money last quarter compared to the same time last year.
The company thinks this plan will be good for both the workers and the company.
This is part of a bigger plan to make the company more efficient by closing some factories and keeping others open.
Bata India's board approved a voluntary retirement scheme for eligible workers at its Hosur unit.
The scheme's implementation details and financial impact will be disclosed later.
The company expects the scheme to benefit both employees and the organization.
Bata's shares closed at ₹925.30, down 1.14% from the day's opening.
The company reported a 73.26% decline in net profit and a 4.3% decline in revenue for Q2.
- Who
- Bata India Limited
- What
- Approved voluntary retirement scheme for Hosur unit workers
- When
- January 8, 2025
- Where
- Hosur, Tamil Nadu
- Why
- Expected to be mutually beneficial for employees and the organization
Employee Perspective
Company Perspective
Benefits of VRS
Employee Perspective
Employees may receive financial benefits and early retirement options.
Company Perspective
The company can reduce operational costs and streamline its workforce.
- Company
- Bata India Limited
- Unit Location
- Hosur, Tamil Nadu
- Scheme Type
- Voluntary Retirement Scheme (VRS)
- Approval Date
- January 8, 2025
- Financial Impact
- Not yet disclosed
- Stock Price
- ₹925.30 (1.14% lower than opening)
- Q2 Net Profit
- ₹13.9 crore (73.26% decline YoY)
- Q2 Revenue
- ₹801.33 crore (4.3% decline YoY)
