Colgate Palmolive announces Voluntary Retirement Schemes at Sewri manufacturing facility

Colgate Palmolive India Ltd has announced that on August 25, 2006, the Company has announced Voluntary Retirement Schemes (VRS) at the Company´s manufacturing facility at Sewri. This announcement has been made in consultation with the Workmen Union. The acceptance of this offer by the workmen is likely to improve the Company´s competitive strength.

The various elements of the Voluntary Retirement Schemes, such as medical coverage, etc., have been formulated in keeping with the Company´s high corporate standards.

Source : Equity Bulls

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