Ashok Leyland has announced a list of non-working days

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Ashok Leyland announces voluntary retirement scheme
Last year, Ashok Leyland had offered two months’ fixed pay for each completed year of service for employees with 15 years of tenure. For those who had completed between five and 10 years, it was offering one month of fixed pay.

Amid the slowdown in the auto industry, 12.25% decline in production in April-August 2019 compared to last year. Commercial vehicle maker Ashok Leyland has announced a list of non-working days (total 59)  across its plants in September.

According to the News Minutes, “We write to inform you that the following are the non-working days at our various plant locations during September 2019 due to continued weak demand for our products,” Ashok Leyland said in a regulatory filing.

The company’s Ennore plant will be shut for 16 days. In Tamil Nadu, its plant in Hosur 1, 2 and CPPS will not work for 5 days, while the one in Alwar (Rajasthan) and Bhandara (Maharashtra) will see 10 non-working days each. Its Patnagar (Uttarakhand) plant will see the most – 18 — non-working days.

This comes after the company’s employees in the Ennore plant received a letter that September 6 and 7 would remain a holiday and September 8, 10 and 11 will also see no operations at the plant.

The five days of non-production in the plant is expected to affect 5,000 workers, including 3,000 contract workers, according to reports. Wages for these non-working days will be decided later by the Ashok Leyland Employment Union.

The company along with other auto manufacturers have come under pressure after demand took a hit. It is already down 31 percent in the last three months. At 1112 hours, Ashok Leyland was quoting at Rs 62.70, down Rs 1.20, or 1.88 percent.

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