GM India says no lay off plans in India

TALEGAON (MAHARASHTRA): General Motors India, on Thursday said that it
would not lay off any of its 4,000 employees even though its parent
has
decided to remove 10,000 of its workforce globally by May this year.

"We don't have any plan to lay off employees in India," GM India
President and Managing Director Karl Slym told reporters here.

General Motors Corporation had recently announced its plan to lay off
10,000 personnel globally to counter the on-going global meltdown.

Admitting that there was pressure in India as well due to the economic
meltdown, company Director and Vice President (Corporate Affairs) P
Balendran said, for the current year GM India expected to clock an
around 9.5 per cent growth as in the previous two years.

The company GM India has two manufacturing plants in India- Halolin
Gujarat and Talegaon in Maharashtra. It has a technical center in
Bangalore. GM has made an USD 1-billion investment commitment to
India.

General Motors India is a wholly-owned subsidiary of the world's
largest auto-maker, General Motors Corporation.

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