March 7 (Reuters) – GM India: * GM India to cease vehicle manufacturing at Halol plant onApril 28 * “Will support our employees at the Halol plant throughoutthis transition” * Have in place the options of separation package orcontinuity of employment at Talegaon plant * Will cease production at Halol manufacturing facility onApril 28, 2017, as co consolidates manufacturing at its Talegaonfacility * “Transition support for employees will include financialcounselling and tax advice,” * GM India continues to work towards the asset-only sale ofthe Halol site * Transition support for employees will include informationand transition support for employees transferring to theTalegaon manufacturing facilitySource text – (General Motors India today confirmed that it willcease production at its Halol manufacturing facility on April28, 2017, as the company consolidates manufacturing at itsTalegaon facility. “We will support our employees at the Halolplant throughout this transition,” said GM India President andManaging Director Kaher Kazem. “We have in place the options ofa significantly enhanced separation package or continuity ofemployment at our Talegaon plant.”Transition support for employees will include financialcounselling and tax advice, as well as information andtransition support for employees transferring to the Talegaonmanufacturing facility. GM India is working with governmentauthorities and labor unions, as well as impacted employees andsuppliers, to ensure an orderly transition. “We thank our employees at the Halol plant for their hard workand professionalism,” said Kazem. “We also want to sincerelythank our suppliers and the government of Gujarat for theirsupport of our manufacturing operations at Halol.” Kazem addedthat GM India continues to work towards the asset-only sale ofthe Halol site.)Further company coverage:
July 26, 2024
