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Panneerselvam appeals to Stalin to intervene on Ford issue
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SME Times News Bureau | 14 Sep, 2021
Former Chief Minister and leader of AIADMK, O. Panneerselvam has
appealed to Tamil Nadu Chief Minister, M.K. Stalin to intervene in the
problem arising out of the car manufacturing company, Ford announcing to
shut down its vehicle and engine assembling unit in Chennai.
In a
statement on Tuesday, the former Chief Minister said that according to
media reports, the shutting down of the Ford plant would adversely
affect a large number of workers who are directly and indirectly
employed by the carmaker. Several micro, small and medium enterprises
that were dependent on the car manufacturer is also facing issues due to
the shutting down of the Ford plant, O. Panneerselvam mentioned in the
letter.
The former Chief Minister called upon Stalin to directly
talk to the company management and the employees and try for continued
operation of the plant. He also said that the government should ensure
that employees don't lose their jobs.
It may be noted that the
decision of the Ford company to exit from its Vehicle and Engine
manufacturing plants in Chennai by the second quarter of 2022 will lead
to direct job losses of around 2,600 workers and supervisors.
The
Federation of Automobile Dealers Association (FADA) has said that the
move of the Ford company would severely impact around 170 dealers of the
company who had jointly invested around Rs 2,000 crore. About 40,000
people are employed in these 170 dealers, FADA has said in a statement.
FADA
president Vinkesh Gulati in a statement said that the "Franchisee
Protection Act" has to be rolled out by the Government of India
immediately as this would ensure that the companies adequately
compensate the franchisees before they shut down their operations. He
said that while Ford had employed 4,000 people in its Sanand and Chennai
plants, the dealers employed 40,000 people.
He also said that
Ford had appointed multiple dealers as late as five months ago and that
these dealers would be hit the hardest.
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