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Ghaziabad: Atlas Cycle lays off employees on World Bicycle Day | Ghaziabad News

More than 700 workers have been left jobless in one stroke

GHAZIABAD: The manufacturers of famous Atals cycles on Wednesday closed down its factory at Ghaziabad’s Sahibabad site 4 area. This has rendered more than 700 workers jobless in one stroke. The workers allege that there was no prior intimation and on Wednesday morning when they assembled at the factory they found a notice pasted at factory gate announcing that factory has been closed due to financial reasons.
“On 1st and 2nd of June we came to the factory and worked as usual and there was no hint whatsoever that the factory is being closed”, said Mahesh Kumar, general secretary, Cycle Employee Union. “On Wednesday when we assembled near the factory gate we were not allowed entry by the guards who drew our attention to notice that was pasted on the gate saying that the factory has been closed due to financial reasons, look at the irony it happened on 3 June which is observed as World Bicycle Day“, added Kumar.
Parmanand Pandey another worker said, “in one stroke our livelihood is gone, I was working here since 1990, we were told by the guards that sign up and go.” “We understand that there is a crisis but the management should have taken us into confidence but that they chose to decide on the important issue as this arbitrarily, more than 700 people many of whom were associated with it since 1989 when the factory was opened have come on road overnight”, added Pandey.
The letter pasted at factory gate read “ you know that company was passing through financial crisis for may years and had exhausted all its funds t keep the factory afloat but now there is no fund left”. The notice further read “…we are facing difficulty in arranging funds for our day to day needs and are also unable to buy raw materials and under these conditions management is not in the position to operate the factory”.
Ravinder Yadav another worker said “even though we have been laid off, we have been directed to mark attendance except on holidays failing which we would not be entitled for any lay-off benefits.”
Factory manager NP Singh Rana did not respond to calls or message sent to him for management’s reaction.

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