The chennai ford factory, which has been operating for the past 25 years in the maraimalai town of Chengalpattu district, has been making losses for the past 10 years and its management has announced that it will close the factory permanently from June, leaving the workers in shock and dismay.
Ford, a leading automobile manufacturing company from America, has been manufacturing vehicles in india for about 20 years. While these plants can produce four lakh cars per year, currently only 80,000 cars are being produced. As a result, ford continued to operate at a huge loss. It is said that the company has incurred a loss of 14 thousand crore rupees in the last ten years alone.
The employees had been on strike for more than 30 consecutive days last month to ensure their job security. In this case, it has been reported that the ford factory will be closed on the 31st of July, after abandoning the protest and resuming production for more than 10 days.Following this, the production of ford in chennai maraimalainagar ford factory, which has been operating for more than 20 years, has ended today. The chennai factory completed its last model, the ECO-- a sports car. Employees decorated the ford company's car, which finished making its last car and bid a tearful farewell to the factory. The factory, which has exported thousands of cars to india and abroad, is shutting down on July 31.
click and follow Indiaherald WhatsApp channel