How GM India sped away from Halol, unrest, and standstill

The temporary worker, in his late 40s, stands at the factory gate of General Motors India's Halol unit. He holds a steel lunch box and sports a helpless look. He pours his heart out on his current predicament, but refuses to share his name. Such is the fear of losing his job early at this ill-fated plant, which the auto major plans to shut down by June next year Stock Market Prediction Book 2015

Around 1,100 workers are said to be working at Halol, out of them 500-600 are contractual workers, who get paid a minimum wage of Rs 278 a day or more, depending on their skills.  

“There is no hope for contractual workers. We have to start looking for new jobs, but we don’t know where to go,” says a middle-aged worker outside the plant, who has been working at the Halol factory for the past 13 years. There are at least 20 to 25 contracts running at the plant, which are renewed every two years. “Therefore, despite working for so long, we do not have any continuity in service,” says the worker — a point even senior officials in the state labour department admit to as a sad truth Indian stock market astrology prediction