General Motors puts brakes on Halol plant
New Delhi, April 28
US auto major General Motors (GM) today stopped production at its first Indian plant in Halol, Gujarat, as part of consolidation of manufacturing operations in the country.
The company’s arm, General Motors India will now operate all of its manufacturing operations from its second plant at Talegaon in Maharashtra.
GM India President and MD Kaher Kazem said the company was mindful of the impact on employees at Halol.
“We have committed to support them through this necessary transition with generous separation payments or the option of continuity of employment at Talegaon,” he said. Kazem said a range of additional support measures had been put in place for employees who opted for “significantly enhanced” separation payments and those who would transfer, including tax and financial advice and pre-transfer visits to Talegaon. — PTI
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