Ltd. (AMW) has offered Voluntary Retirement Schemes (VRS) to 175 employees citing pandemic-induced financial difficulties despite making a net profit in excess of Rs. AMW reached out to the Employers’ Federation of Ceylon (EFC) to terminate 102 employees who had refused to accept the VRS, and the process is currently ongoing. According to our sources, AMW rates its employees on a scale of 1-5 by the end of every year based on their KPIs, with number 1 denoting poor performance and number 5 denoting excellent performance. We learnt that out of these 289 employees, 114 employees are attached to the AMW Factory Complex in Kalutara and are part of a trade union. According to the insider, fearing potential union action, AMW retained these employees and issued VRS to the other 175 employees in June this year.

Source: The Nation November 28, 2020 19:52 UTC