Auto components major Bharat Forge on Monday said it has launched a voluntary retirement scheme (VRS) for permanent employees of its Mundhwa (Pune) manufacturing plant.

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The company said the VRS is open for permanent eligible employees who have attained 40 years of age and have completed ten years of service.

Pune-based Bharat Forge has presence across several sectors including automotive, railways, aerospace, marine, oil and gas, power, construction and mining.