General Motors to cease manufacturing in Halol from April 28

NEW DELHI: General Motors India on Tuesday confirmed that it will cease production at its Halol manufacturing facility on April 28, 2017, as the company consolidates manufacturing at its Talegaon facility.

“We will support our employees at the Halol plant throughout this transition,” said GM India President and Managing Director Kaher Kazem. “We have in place the options of a significantly enhanced separation package or continuity of employment at our Talegaon plant.”

Transition support for employees will include financial counselling and tax advice, as well as information and transition support for employees transferring to the Talegaon manufacturing facility.

GM India is working with government authorities and labor unions, as well as impacted employees and suppliers, to ensure an orderly transition.

Kazem added that GM India continues to work towards the asset-only sale of the Halol site.
Stay on top of business news with The Economic Times App. Download it Now!
DON'T MISSany stories, follow us on TwitterFollow
FROM AROUND THE WEB

Luxurious 3/4BHK in Dadar E from 7.5C onwards

Bombay Realty

Dosti Planet North: Shil-Thane

Dosti Realty Ltd.

GM presents Global Techies Town in B'lore

GM Infinite

MORE FROM ECONOMIC TIMES

Entertainment

Science & Technology

Scooter's back, with new hero on road

From Around the WebMore from The Economic Times

Save tax with pride, invest in ELSS

Principal Mutual Fund

Epicure – The world of Taj awaits you

"Taj Hotels Resorts and Palaces"

An offer that will blow your mind!

GORB-Online Kitchen

Club Mahindra membership-Get a free iPhone7*

Club Mahindra

OnePlus ropes in Amitabh Bachchan as brand ambassador

Corporate & Industry

Soccer-Malaysia seeks venue switch for North Korea qualifier

Delhi economy booms, per capita income rises