GE Power to shut Gujarat plant.

GE Power India recently said it will close down operations at its Maneja (Vadodara) manufacturing plant in Gujarat from soon .

The company said 95 per cent of workmen at the facility have opted for a Voluntary Retirement Scheme, which was initiated on August 21 and closed on August 25. “Around 95 per cent of workmen at the above factory have opted for the aforesaid scheme,” GE Power India said.

Considering the current market situation, it is not viable for the management to operate the factory and shall cease opera-tions at the Maneja plant with effect from August 27, it added.

FREE PRESS JOURNAL