SME Times News Bureau | 08 Mar, 2017
Carmaker General Motors India on Tuesday confirmed it will stop production at its plant in Halol in Gujarat next month and consolidate production at its Talegaon plant in Maharashtra.
A company statement said production will cease at Halol plant from April 28.
"We will support our employees at the Halol plant throughout this transition," President and Managing Director Kaher Kazem said in the statement.
"We have in place the options of a significantly enhanced separation package or continuity of employment at our Talegaon plant," he added.
Transition support for employees will include financial counselling and tax advice, as well as information and transition support for employees transferring to the Talegaon facility.
The company is working with government authorities and labour unions, as well as impacted employees and suppliers, to ensure an orderly transition.
Kazem said General Motors India continues to work towards the asset-only sale at the Halol site.
