2022年3月22日星期二

The cull has been so extensive that one senior

 The company’s Indian business said that production management will be critical throughout the year and it is seeking to avoid stock build-up.Tata Motors has had week-long shutdowns at four of its plants in the past two weeks, while Mahindra has said it had 5-13 days without production at various plants between April and June.The layoffs come as carenso Corp and Suzuki Motor Corp, has laid off 800 workers.51 per cent in July 2019 from 5.Yamaha, Subros, Vee Gee Kaushiko and Wheels India did not respond to requests for comment.Reuters was able to identify at least five companies that have recently cut or plan to cut hundreds of jobs, mainly from their temporary labour force.Meanwhile, automotive supplier Wheels India could cut its temporary workforce by as much as 800 and has started realigning its shifts, two of the sources said.Honda has stopped production of some car models at its plant in the northwestern state of Rajasthan since July 16 and is halting manufacturing entirely at its second plant in Greater Noida on the outskirts of Delhi for 15 days from July 26, two sources said.66 per cent a year earlier, according to private data group CMIE.The downturn - regarded by industry executives as the worst suffered by the Indian auto industry - is posing a big challenge for Prime Minister Narendra Modi’s government as it begins its second term at a time when India’s jobless numbers are climbing.Within this previously unreported figure, car and motorcycle makers have laid off 15,000 and component manufacturers China Electric Bicycle motors 100,000, with the remaining job losses at dealers, many of which have closed, the industry source said.

The cull has been so extensive that one senior industry source told Reuters that initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.At least 7 per cent of temporary workers employed by 15 automakers in India have lost their jobs in recent months, said Vishnu Mathur, director general at the Society of Indian Automobile Manufacturers (SIAM).Manpower is the only variable facto factories for days and axe shifts, multiple sources said.To revive the sector, auto executives plan to demand tax cuts and easier access to financing for both dealers and consumers at a meeting with officials from India’s finance ministry scheduled for Wednesday, the senior industry source said.Huge falloutThe fallout from the auto slump could be huge.Maruti Suzuki, India’s biggest carmaker, cut its temporary workforce by 6% over the past six months, Reuters reported on Friday

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