AUTO COMPONENT MANUFACTURERS WANT HARYANA GOVERNMENT TO REVOKE LOCAL HIRING LAW

HIGHLIGHTS

• ACMA wants Haryana Government to revoke the law which makes it compulsory for companies to hire 75% of workforce among local people.
• The law also fixes minimum salary for local talent.

The Automotive Component Manufacturer...

ACMA: INCESSANT WEAK DEMAND WILL LEAD TO HUGE JOB LOSSES

Highlights

• The auto component industry is in the list of five stressed sectors that includes aviation and hospitality

• In order to cope with the operating expenses and already incurred losses, companies will opt for job cuts said Deepak Jain, President of the ACMA...