Tata Motors' manufacturing plant in Jamshedpur to be closed for 3 days
Last Updated at
- 11:19 am, June 28, 2012
The carmaker will stop production from June 28 to 30 to avoid pile up of inventory.
In what could be another sign of economic slowdown (more specifically in the auto industry), Tata Motors have said that the production at the company’s Jamshedpur plant will be closed down for three days starting today. The carmaker’s official spokesman, PJ Singh said, "A block closure has been announced from June 28 to 30 in the Jamshedpur plant". The decision for the closure has been made with the approval of employees in a meeting held yesterday.
Current economic condition is said to be the cause for the halt in manufacturing process as production has plunged heavily in the last couple of months, General Secretary, Telco Workers Union, Chandrabhan Singh explained. About 10,000 employees working at the plant will be affected by the halt in production, he added.
"We are market driven company that is why we have taken the decision. The block closure was taken in view of the quarterly closing as we cannot pile up inventory" spokesman PJ Singh said.
First Published on 11:19 am, June 28, 2012
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