The country’s largest automobile manufacturer, Tata Motors, has announced that it is downing shutters at its plant here temporarily from Tuesday.
This would be the second time this month that the plant is shut down.
A Tata Motors press release says, “Tata Motors commercial vehicle plant at Jamshedpur would take block closure from November 25 to 29. The company had stated on November 7 that as it has been seen in the month of October 2008, across the industry unavailability of finance coupled with high interest rates in forcing the customers to postpone purchases. This will call for appropriate action from Tata Motors from time to time to match the production with demand and avoid necessary build up of investors in the company or with dealers.
“This block closure from November 25 to 29 is in line with the objective, as was the block closure from November 6 to 8”.
The company had stopped production for five days beginning November 5 following the global downturn and its adverse impact on the automobile industry.
Bachcha Singh, spokesman, Telco Workers Union said, “The union is with the company’s decisions during the global recession.
Neither worker nor the union would continue if company continues with production without demands. However, the union appeals the company management for using all possible measurers of cost control before such closure and temporary removal of company employees from job”.
Sources said 80 per cent of small-scale industries in Adityapur Industrial Area would also be affected by Tata Motor’s closure, and a few of them are also planning to down shutters for the period.