Endurance Technologies To Discontinue Manufacturing Activities At Manesar, Haryana
Endurance Technologies Limited plans to consolidate the manufacturing operations at its Manesar plant. Towards this, the Company has decided to discontinue manufacturing activities at its plant situated at Manesar with effect from 31st August 2018. Requisite notice to this effect has been given to the authorities concerned under the Industrial Disputes Act, 1947.
This consolidation of operations, resulting in discontinuation of manufacturing activities at Manesar plant, is likely to provide long-term benefit and improve the Company’s operating results, as well as cater to OEMs more effectively. This exercise is not expected to result in any loss of turnover/revenue for the Company.