Mahindra & Mahindra, the Mumbai, Maharashtra-based 76-year-old low-cost Indian automaker, had trimmed over half of its North American workforce as part of a sweeping overhaul of its financial strategy, a press agency report published late on Wednesday had unveiled citing two sources who wished to stay anonymous contemplating the sensitivity of the issue.
Apart from that, latest move from the Mumbai-based Indian automaker Mahindra & Mahindra Ltd, established back in the 1945 in Ludhiana, Punjab, to slash more than half of its North American workforce, came forth weeks after the low-cost automaker had called off its tie-up with Ford Motor Co on smaller electric vehicles.
Nonetheless, the press agency report published late in the day had quoted the sources as saying that the Mahindra & Mahindra Ltd.’s North American unit which employs about 500 workers including engineers and designers, might have downsized its workforces in a bid to grapple with a pandemic-driven economic downturn alongside an ongoing legal dispute.
Although, the sources had declined to unfurl an exact figure, but one of the sources were quoted as saying in an Associated Press report earlier that “hundreds of workers” had been laid off since mid-2020 as part of a fiscal reform, while the carmaker might have already slashed nearly two-third of its North American workforces, said one of the sources who wished to remain anonymous.
Mahindra & Mahindra cuts jobs in Detroit plant
Besides, as the job slashes came forth as an unprecedented move to restrain spending, the press agency report unveiled that a number of top-ranked positions such as engineers, manufacturers and sales executives at the Indian carmaker’s Detroit plant that produces off-road vehicle Roxor, had been trimmed by an extraordinary margin.
Aside from that, while a long-running patent infringement lawsuit between Mahindra and FCA has been hindering the Indian automaker to sell off its Roxor vehicle in the United States, Mahindra & Mahindra said in a statement, “This forced us to halt production and furlough our manufacturing team and some additional people across several functions, including the Roxor sales team”.