South Korean automobile giant Hyundai Motor Co s Indian unit will buy automaker General Motors Talegaon, Maharashtra plant, the company announced on Wednesday. Hyundai, India s second-biggest carmaker by sales, did not mention a deal value.
›GM India to lay off 1,419 workmen at Talegaon plant, invokes section 25 of Industrial Dispute Act
GM India to lay off 1,419 workmen at Talegaon plant, invokes section 25 of Industrial Dispute Act
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GM India to lay off 1,419 workmen at Talegaon plant, invokes section 25 of Industrial Dispute ActBy
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Synopsis
The move may prolong a legal tussle between the company and its employees on the winding of General Motors India’s Talegaon plant on the outskirts of Pune.
Agencies
The employees Union is likely to challenge this move legally, sources in the know said.
US Carmaker’s Indian subsidiary General Motors India laid off 1,419 workmen on Friday, by invoking section 25 of the Industrial Dispute Act.