With Tata Motors ramping up production and gaining ground towards becoming the second-largest car manufacturer in India, Hyundai India, which currently holds that position, is considering inorganic expansion to stay the course. Last week, the Korean automaker signed a term sheet with General Motors (GM), which had announced it would exit India in 2017, for a potential acquisition of its Talegaon plant in Maharashtra. However, legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
GM told Business Standard that the former employees are not part of the deal with Hyundai. But last week the General Motors Employees Union (GMEU) - which represents these former employees who want employment with the new owner of the plant - told this paper that it would continue to exercise "all legal options".
Sandeep Bhegade is the president of GMEU, which represents the former employees of the Talegaon plant whose services were terminated by the American company in July 2021 citing Covid-19 and lack of orders for production as reasons.
He told Business Standard that the union had not received any legal communication from GM regarding the recent deal with Hyundai.
"GMEU has been fighting against the ongoing illegal activities by GM India through legal channels for the last two years. Henceforth, we will continue this fight through legal means and exercise all legal options. The union will always try to get justice and rights for the workers," he explained.
Bu hikaye Business Standard dergisinin March 20, 2023 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 20, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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