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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 be .....

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427.48 crore, the three loss making subsidiaries of HMT Ltd. namely HMT Watches Ltd,, HMT Chinar Watches Ltd., HMT Bearings Ltd., will attain closure after separation of about a thousand employees through attractive VRS /VSS and settlement of their .....

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