Three-day block closure begins at Tata Motors' Jamshedpur plant: report
A three-day block closure in Tata Motors Jamshedpur plant began on Thursday, according to company sources.
Keeping in view the prevailing economic scenario, we have taken appropriate action time to time to match production with demand, the sources said.
The closure, which will be observed from August 29-31, was aimed to prevent unnecessary build-up of inventory in the company as well as at dealers end, they said.
The sources further said that the block closure will be followed by a Sunday, a holiday.
A circular in this regard was issued in the company last week.
The company's decision is due to the current economic slowdown and a slump in demand of heavy commercial vehicle, Chandrabhan Singh, general secretary of Telco Workers Union (TWU), said.
"We had produced around 6,000 units of heavy commercial vehicles last month whereas the number was less in the current month," he added.