Tag: Covid19

Renault India hikes employees’ salary upto 15% despite Covid-19 shock, Auto News, ET Auto

India has already broken into the top 10 markets for Renault globally and with the exit from China earlier in the year, the stakes on India are set to go up further.
India has now broken into the major ten marketplaces for Renault globally and with the exit from China before in the yr, the stakes on India are established to go up additional.

Mumbai: French auto maker Renault India is incentivizing around 250 staff members with a spend elevate of up to 15% for the latest money yr right after owning bucked the craze in 2019 by getting the solitary organization to register expansion.

The hike for FY-21 is even bigger than FY-20 for RIPL whereby the organization provided a hike of just ten-twelve%~

Regardless of the lockdown drying out

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Employee at Maruti’s Manesar plant tests positive for Covid-19, Auto News, ET Auto

The country's largest carmaker, Maruti Suzuki India (MSI) had re-opened the Manesar facility earlier this month after around 50 days of closure due to coronavirus-led lockdown.
The country’s premier carmaker, Maruti Suzuki India (MSI) had re-opened the Manesar facility earlier this thirty day period following about fifty times of closure owing to coronavirus-led lockdown.

NEW DELHI: An staff at Maruti Suzuki’s Manesar plant has analyzed favourable for Covid-19, in accordance to a organization spokesperson.

The organization is also seeking at “a possibility of a second case” of an infection at the facility but has dominated out any affect on the business enterprise component owing to the scenario.

The country’s premier carmaker, Maruti Suzuki India (MSI) had re-opened the Manesar facility earlier this thirty day period following

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Rico Auto sheds 70% staff as COVID-19 hit business plans, Auto News, ET Auto

The report mentioned that union at Rico Industries is planning to approach labour department against company decision.
The report stated that union at Rico Industries is planning to method labour office from business conclusion.

New Delhi: Corporations in the car part sector have started laying off workers in the absence of direct financial support from the government’s Rs 20 crore stimulus deal. The coronavirus pandemic and subsequent lockdown have appreciably impacted the enterprise actions of factories in Gurgaon-Manesar industrial belt.

The latest to sign up for the league is Gurgaon-centered car components provider, Rico industries that on Saturday declared its system to downsize 70 per cent of its workforce, according to a TOI report. Approximately 119 individuals

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Ford briefly stops work at two plants as workers test positive for COVID-19

DETROIT — Ford Motor Co on Wednesday closed two U.S. assembly crops as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker’s prepare to restart North American output and begin building its most financially rewarding motor vehicles once again.

Ford closed its Dearborn, Michigan, plant owing to a good COVID-19 take a look at by just one worker, though its Chicago assembly plant was closed owing to a parts lack, Ford spokeswoman Kelli Felker reported.

Ford declined to say which provider experienced the concern, but a person acquainted with the make a difference instructed Reuters that Lear

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COVID-19 hits Meritor Q2 results | Automotive Industry News

Large truck element supplier Meritor claimed sales fell 25% yr on yr to US$871m in its 2nd fiscal quarter ended 31 March 2020.

It cited lessen international manufacturing quantity, together with improvements in buyer demand from customers, and the influence of federal government mandates as a outcome of COVID-19, partially offset by sales from the AxleTech small business acquired in the fourth quarter of fiscal 2019, for the fall.

Net profits rose to $241m, or $three.20 for every share, when compared to $72m and $.eighty four but this was boosted by $203m of right after tax profits from the termination

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