In Calcutta, 120 employees of Britannia's Taratala facility choose to retire voluntarily.

 

 

In its Taratala, Calcutta, plant, Britannia Industries offered a voluntary retirement scheme (VRS), which about 120 permanent employees accepted.

The management has already begun talking to contract employees about VRS, raising concerns about what would happen to production at the Bengaluru plant, which has been in operation for more than 70 years.

 

According to a Britannia stock exchange filing, "all the permanent workers of the aforementioned factory of the company have accepted a voluntary retirement scheme offered by the company to the workers at its factory situated at Taratala, Kolkata, West Bengal."

 

According to the company, the VRS won't have a significant effect on how business is conducted. The corporation has not responded to inquiries about why it offers VRS to its employees.

 

 

In its Taratala, Calcutta, plant, Britannia Industries offered a voluntary retirement scheme (VRS), which about 120 permanent employees accepted.

 

The management has already begun talking to contract employees about VRS, raising concerns about what would happen to production at the Bengaluru plant, which has been in operation for more than 70 years.

 

 

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According to a Britannia stock exchange filing, "all the permanent workers of the aforementioned factory of the company have accepted a voluntary retirement scheme offered by the company to the workers at its factory situated at Taratala, Kolkata, West Bengal."

 

 

According to the company, the VRS won't have a significant effect on how business is conducted. The corporation has not responded to inquiries about why it offers VRS to its employees.

 

COMMERCIAL

According to sources, the corporation has directly negotiated a VRS agreement with the workers, eschewing the three factory unions. Permanent employees have been offered severance packages ranging from ₹13 lakh to ₹22 lakh, depending on the amount of remaining service, in addition to  benefits.gratuity and PF.

 

 

 

 

The plant, which produces biscuits under the labels Good Day, Milk Bikis, and Cream Cracker, is allegedly becoming older, as the management has told the staff.

 

The FMCG company's existing lease for the 11-acre land expires in 2048, according to the sources, and was renewed in 2018.

 

The business did not believe that operating the unit's production would be financially advantageous.

 

The area is owned by SMPT (the former Calcutta Port Trust), and although the factory has not closed, sources claim the management is considering giving over a portion of the land to them.

 

Rent issues between the corporation and the Calcutta Port authorities have occurred in the past. 2009 saw a request for the business to leave the Since the year of independence, it has been residing on the Taratala premises.

 

The FMCG company operates plants in Bihar, Odisha, and Assam in addition to Calcutta.

 In Calcutta, 120 employees of Britannia's Taratala facility choose to retire voluntarily.

The company was searching for locations throughout the state, but it never opened the second unit it had planned to open in Bengal in 2016 with the goal of beginning operations there by 2018.

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In December 2023, a second plant was created in Bihar, despite the fact that the first plant in Assam was opened in 2018.

 

By the way, Britannia Industries originated in Calcutta. With an initial investment of ₹295, a group of British businesspeople founded the company in 1892. With assistance from the massive French food firm Danone, textile tycoon Nusli Wadia of Bombay Dyeing succeeded Britannia's then-chairman Rajan Pillai in 1993.

 

 

After purchasing Group Danone's 25% ownership in the company in 2009, Wadia Group rose to become the biggest stakeholder.

 

The company's consolidated sales for the year ended March 31, 2024, increased 3.5% from the year before to ₹16,546 crore. Its operating profit increased by 10.1% to ₹2,869 crore.