India’s pride Atlas cycles
As we know that during this lockdown , many employees had to lost their jobs and many company had to face this situation and trying to stand out in this situation .( Atlas bicycles company shutdown )
As we look at the present, everyday someone is losing his/her job and yet 9500+ jobs had been shut down. It looks like a curse. But all we need to do is just to stay calm.
Shut down of Atlas cycles:
Today, on worldwide cycle day, the great Indian bicycle company Atlas had to shut down his great factory in Haryana. Nearly 700-900 people became jobless. ( Atlas bicycles company shutdown )
picture taken from news11.com
Issuing a statement, the company said that was is not in a position to resume manufacturing operations due to financial constraints, and as such, it had decided to close down its Sahibabad unit.
The Haryana-based company, which started manufacturing bicycles in 1951, had already closed down two units in 2014 and 2018.
While in December 2014, its Malanpur unit in Madhya Pradesh was closed down, it suspended manufacturing at its Sonipat unit in 2018.
picture taken from newsindus.com
But with the closure of Sahibabad unit, the company has closed down its last factory.
“Post lifting of lockdown with effect from June 1, 2020, Sahibabad unit of the company is not in a position to resume manufacturing operations due to financial constraints.
Hence, the workforce of Sahibabad unit of the company will be laid off with effect from June 3, 2020, till adequate arrangement of funds is made,” the company said.
The company said that due to severe cash crunch, it was difficult for the company to even procure raw materials.
As we also know that on the 22nd of January, 2020 ; Natasha Kapur attempted suicide by leaving a half page suicide note . Read more in Natasha Kapur.
Tweets on twitter :
The news that 69 yrs old #AtlasCycle Company hs stopped production & employees are bng laid off is vry disheartening for all Indian companies,who created a brand image & established brand India. Govt shd come to rescue of such companies, if they are serious abt #AtmaNirbharBharat
— Ashok Gehlot (@ashokgehlot51) June 4, 2020
When we moved on to the quest of making India “self reliant” (or आत्मनिर्भर), shri Janki Das responded to our call by starting Atlas Cycle company which soon started exporting cycles to the world, sad to see it’s shutting down on #WorldBicycleDay pic.twitter.com/7yEtWREn0H
— Jawaharlal Nehru (@FirstPMOfIndia) June 3, 2020
Good day at work. Hotel Lobby heard Piano man & at shoot Rohit presented me a cycle to get my knee in shape. Yay!!! pic.twitter.com/QeGtEPjGKd
— Shah Rukh Khan (@iamsrk) June 15, 2015