Dunlop to commence production in two months
Dunlop India Ltd on Monday said it would begin production in the next two to three months and all employees on the rolls would be absorbed in phases.
"I want to reassure everybody that the plant will begin production and each of the employees would be absorbed in phases," Dunlop India Chairman PK Ruia told reporters.
"There would be no retrenchment or reduction in the number of employees and each one of them would be taken back once the plant is ready for production," he said.
Dunlop had reopened the Maintenance and Engineering Division of the plant after a closure of three months with only 299 employees out of a strength of 1,170 being asked to join.
On Monday 100 employees belonging to the CITU and INTUC factions joined duty and the remaining employees were expected to do so in coming weeks.
Ruia said the company aims to begin production of 30-40 tonne per day and it would be scaled higher in future.
Speaking about the arrangement of funds for working capital, Ruia said the company was in talks with three to four banks for a line of credit of Rs 50 crore.