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LATEST NEWS UPDATES | Mass lay-offs likely in automobile sector in the Millennium City -Ashok Kumar

Mass lay-offs likely in automobile sector in the Millennium City -Ashok Kumar

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published Published on May 24, 2020   modified Modified on May 26, 2020

-The Hindu

Lockdown slump may erase 20-30 lakh jobs, says expert

Around 20-30 lakh workers, mostly contractual, could lose jobs in the Gurugram-Manesar-Bawal automobile belt due to slump in demand in the wake of COVID-19-induced lockdown, said Harbhajan Singh, chairman of Ease of Doing Business, CII, Haryana.

Speaking to The Hindu, Mr. Singh, also former director of Honda two-wheelers, said that the Gurugram-Manesar-Bawal automobile belt, which employs around six million workers and is one of the auto-manufacturing hubs in the country, is likely to bear the brunt of the lockdown. Among others, Maruti Suzuki, the largest car manufacturer in the country, as well as Honda and Hero, the leading two-wheeler manufacturers, are based in Gurugram.

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The Hindu, 24 May, 2020, https://www.thehindu.com/news/cities/Delhi/mass-lay-offs-likely-in-automobile-sector-in-the-millennium-city/article31666328.ece?homepage=true&utm_campaign=socialflow&fbclid=IwAR1P4roh27jB-0bIDGLsmGF9BDqSECOXjOd1LSpS8VfgpRAoYw1zCXQ


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