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GM India says no lay off plans in country

GM India says no lay off plans in country
PTI
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First Published: Thu, Feb 12 2009. 06 29 PM IST
Updated: Thu, Feb 12 2009. 06 29 PM IST
Talegaon: Embattled car maker General Motors India will not lay off any of its 4,000 employees, said president and managing director Kal Slym on Thursday. GM Corp, one of the Big Three carmakers in the US has announced it will 10,000 of its global workforce by May.
“We don’t have any plan to lay off employees in India,” Slym said.
Admitting that there was pressure in India as well due to the economic meltdown, director and vice president (corporate affairs) P Balendran said GM India expected to clock about 9.5% growth as in the earlier two years.
With a total investment commitment of $1 billion for India, the company has two manufacturing plants in India, Halolin in Gujarat and Talegaon in Maharashtra, as well as a technical center in Bangalore.
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First Published: Thu, Feb 12 2009. 06 29 PM IST
More Topics: GM | Lay offs | Kal Slym | P Balendran | Halolin |