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Slowdown hits Tata Motors, Lucknow plant shutdown
Published on Mon, Nov 10, 2008 at 16:41, Updated on Wed, Nov 12, 2008 at 13:08 in Business section
Tags: Financial Crisis, Tata Motors , New Delhi
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New Delhi: The financial meltdown is hitting India's industries.
Tata Motors has shut its Lucknow plant for six days starting on Monday and has decided to shut down its Pune plant from November 21 to November 26.
Workers are being asked to go on a three-day forced leave and three-day leave on half-pay.
It will be a six-day forced leave for employees. Additionally, they have been asked to write and submit a leave application for the six days.
Meanwhile, reports are coming from steel giant Sail that it has decided to cut production at Rourkela plant on fall in global demand.
This comes even when the company's second quarter net profit was up 18.16 per cent.
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