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Closure of HMT Watches Ltd. (HMTW) HMT Chinar Watches Ltd. (HMTCW) and HMT Bearings Ltd. (HMTB)

News and Press Release - Dated:- 6-1-2016 - The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for offering attractive VRS / VSS packages at 2007 pay scales to mitigate the hardships being faced by the employees of HMT Watches Ltd., HMT Chinar Watches Ltd. and HMT Bearings Ltd. and close their operations. The movable and immovable assets of the companies will be disposed of as per the Govt. policy. With a cash assistance of ₹ .....

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