Skip to main content

MoneyWorks4Me

GE Power exempts shop floor employees from work at Karnataka factory

16 May 2018 Evaluate

GE Power India has exempted the shop floor employees from work at its factory located at Shahabad, Karnataka. However, the company will continue to pay full wages during this period.

GE Power India manufactures Power Mills at Shahabad factory and due to a downward trend in the new Power Mills market, the company has had steady decline of orders for a couple of years. The company does not anticipate any changes in the Power Mills market environment in the near future.

GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.


Peers
Company Name CMP
Larsen & Toubro 4042.10
Kalpataru Projects 1372.65
NCC 122.45
Rail Vikas Nigam 193.50
KEC International 329.80
View more..