General Motors India is going to stop production at its Halol plant in Gujarat from April 28 and the company had assured major support to the employees at the facility during this “transition”.
Kaher Kazem, GM India President and Managing Director has said in a statement that “General Motors India toady 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.”
He further said that the company has in place the options of a significantly enhanced separation package or continuity of employment at its Talegaon plant.
Read EquityPandit’s Technical Analysis of Indian Stock Market