After HC blow, GM staff union may focus on compensation

In his 43-page order, Justice Milind Jadhav observed that if a company approaches the court for closure of its establishment on the ground of accumulated losses as per the law, the possibility of unemployment of the workers can't be a ground to compel the company to run its business and refuse closure. "The accumulated losses in the present case are substantial. They pan out over almost a decade prior to the closure announced by the company.

from Auto-Industry-Economic Times https://ift.tt/24RM0pT