Companies

TVS Group Sundaram-Clayton announces production shut down in Chennai plant for 2 days

Our Bureau Chennai | Updated on August 16, 2019 Published on August 16, 2019

Sundaram-Clayton Ltd (SCL), a TVS Group Company and a manufacturer of aluminium die-cast products, has announced a closure of its factory in Chennai for two days as an unprecedented slowdown in the automobile sector prompt ancillary units to cut production in their factories.

SCL has declared August 16 and 17, 2019 as non-working days for its Padi factory. This is due to a business slowdown across sectors, according to a statement. A few days ago, Lucas-TVS, a manufacturer of auto electrical parts, announced two non-working days (during August 16-17) at its Padi unit in view of the slowdown in the vehicle sector.

The TVS Group company said it's examining the current situation for further decisions.

PTI report adds:

Lucas-TVS declares non-working days

Auto component manufacturer Lucas-TVS, part of the diversified conglomerate TVS Group on Friday declared non-working days for its employees owing to overall industry slowdown.

According to the notification posted by the company’s office here, Lucas TVS had already announced non-working days last month.

“As the lull in the industry is continuing, a situation has come to reduce the number of working days”, the notification shared with the employees aid.

Following the development, the company said it has declared non-working days for August 16 and 17, 2019 to its employees.

Noting that the company was monitoring the slowdown in the industry, the notification said employees would be informed in detail if market condition improves.

“A decision will be taken on how to offset the job losses on the non-working days. Employees are requested to extend their cooperation”, it said.

Published on August 16, 2019
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