Hindustan Motors terminates 240 managerial staff

India’s oldest car maker Hindustan Motors, which declared suspension of work at its Uttarpara plant on May 24, has terminated the services of around 240 managerial staff. The company, however, retained some staff in disciplines such as finance and HR. Company sources told PTI that the termination notices on the staff were served yesterday. The company had given employment to around 2,300 workers. When contacted a company spokesperson said: “Managerial restructuring has been an on-going process over the last 2-3 years and continues in an effort to optimize work flow whilst retaining staff that remains critical to the continuity of operations.”

Read the Economic Times news report here.