How Do You Handle Closing a Plant Due to Tech Obsolescence? Share Your Stories and Insights

Wondering how to effect closure of a manufacturing plant rendered unviable due to technological obsolescence and competition. Invite readers' opinions with case studies addressing the human side of the whole affair.

Closure of Manufacturing Units: A Common Challenge

Whether the company itself is closing, or is it a question of the closure of only one manufacturing unit?

Every established and old company has faced such a problem during their existence, and each company devises its own way to overcome this situation if they wish to continue.

Unfortunately, you have not provided any detailed information about your unit. Any interested member would find it difficult to suggest anything substantial unless they have more information.

Warm regards.

The closure depends on the number of workers engaged under the Industrial Dispute Act. For closure, there is closure compensation for workers, and permission from the concerning government is required.

Regards,
EA Murugan
[Phone Number Removed For Privacy Reasons]

Reasons for Industrial Disputes

- Financial difficulties
- Accumulation of undisposed stocks
- The expiry of the period of the lease or license

Workers are entitled to compensation under the Industrial Disputes Act, Section 25FFF.