General Motors India on Tuesday formally announced that it would cease vehicle manufacturing at its Halol plant on April 28, 2017.
Commenting on the same, Kaher Kazem, President and Managing Director of GM India said that the company would support its employees at Halol plant throughout the transition.
"We have in place the options of a significantly enhanced separation package or continuity of employment at our Talegaon plant," Kazem said.
Transition support for employees will include financial counselling and tax advice, as well as information and transition support for employees transferring to the Talegaon facility where it is consolidating its manufacturing operations.
The company is also working with government authorities and labour unions, as well as impacted employees and suppliers, to ensure an orderly transition.
"We thank our employees at the Halol plant for their hard work and professionalism. We also want to sincerely thank our suppliers and the government of Gujarat for their support of our manufacturing operations at Halol," Kazem said.
GM India is working towards the asset-only sale of the Halol site in its talks with SAIC.