Mahindra & Mahindra (M&M) has reportedly reduced 50 per cent of the workforce at its North American plant as part of an attempt to do away with redundant and non-core roles amidst the pandemic-induced uncertainties.
Mahindra Automotive North America (MANA), whose workforce strength was about 500 early last year, has laid off half of its staff across departments, including engineers, at its plant in Detroit. It has combined certain job roles, rendering others redundant.
The move is expected to make the organisation leaner and also help to optimise productivity and output at the plant that manufactures the Roxor, and is gearing up to launch its new version for 2021.
Priority will now be given to the core work. The Company is also readying to launch the new vehicle, Z101, in India.
In December 2020, SsangYong Motor Company (SYMC), the subsidiary of Mahindra and Mahindra (M&M) in South Korea, had filed for bankruptcy. The Company had been incurring losses for some time, and had failed to repay loans to the tune of 90 billion won, that is, about Rs 602 crore) to Korea Development Bank (KDB).
Recently, M&M, which is part of the Mahindra Group, had revealed its intention to hike the prices of its range of personal and commercial vehicles by 1.9 per cent, with effect from January 2021.
