Dunlop again heading towards closure

KOLKATA, MAY 12. Aailing tyre maker Dunlop India is heading towards closure for the second time as production in the company has stopped since last month due to lack of funds.

Senior managerial personnel and workers of the company are not willing to work anymore as they have not been paid salaries since January, sources at the Dunlop headquarters here told PTI.

Production at plants in Sahagunj in West Bengal and Ambattur in Tamil Nadu has come to a halt and workers are being given `sent out' wages, which is 80 per cent of the basic, the sources said.

In Ambattur, the situation has turned more serious as the factory manager has resigned and more resignations are in the pipeline.

The company restarted as a `holding operation' in March last year in the hope that the revival scheme would be sanctioned within six months.

There has been no change in the state of affairs since then and BIFR is yet to sanction the revival scheme.

- PTI

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Section  : Business
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