New Delhi: On World Bicycle Day, June 3, Atlas Cycle (Haryana) Limited laid off employees temporarily by pasting a notice outside its production plant in Sahibabad, Haryana. Over 700 employees lost their jobs on Wednesday.Also Read - Is Delta Variant of Coronavirus Linked to The Onset of New Diabetes Cases?

As many as two lakh cycles used to be produced in the factory per month. Also Read - Coronavirus Leaked From China's Wuhan Institute of Virology, Claims Report by US Republicans | Read Details

“This notice should have been given in advance, at least a week before to the employees. We were called to duty for two days and then suddenly we found this notice pasted today. Many people will get jobless and will be forced to fend for themselves if the management goes ahead with this decision,” Mahesh Kumar, leader of the worker union told reporters. Also Read - Assam Lockdown Update: Government Revises COVID-19 SOPs, Decides To Lift Round The Clock Curfew | Deets Here

The workers’ union leader further alleged that the company’s owners had previously closed down another factory located in another region just a year back in a similar fashion.

The shutdown was announced as the company said it was not in a position to resume manufacturing operations as it had been facing huge losses due to the coronavirus lockdown. The company spokesperson said that there was a severe cash crunch and it would be difficult for them to even procure the raw materials for manufacturing.

With inputs from ANI