DRB-HICOM unit Edaran Otomobil Nasional Bhd (EON) is currently offering a voluntary separation scheme (VSS) to it’s employees in an effort to improve efficiency in it’s operations.
The VSS package includes 1.5 months their last drawn salary multiplied by years in service to a maximum of 24 years, or last drawn salary multiplied by months to retirement with a maximum of 36 months, whichever was lower. On top of this is an extra 2 month’s salary, RM1,000 medical assistance and salary in lieu of unused annual leave to a maximum of 60 days.
This was because EON sales volume had fallen for the past two quarters and it was currently unable to sustain it’s operation size so it has to move to a leaner organisation chart. EON currently has 2,500 employees.