Bengaluru: In what could be a good news for employees of ailing Falcon Tyres Limited, State Government has agreed for revival of the defunct factory with the leadership of the Employees Union. A decision to this effect was taken at a high-level meeting chaired by Chief Minister H.D. Kumaraswamy (HDK) held at his Official Residence, ‘Krishna’ at Bengaluru yesterday, convened to explore the revival of Mysuru-based defunct Falcon Tyres Limited.
Chief Minister HDK directed the Employees Union to submit the rejuvenation plan proposal to the State Government to take further steps for revival of the factory. A judicial case relating to the factory will come up for hearing in the Court on June 4. The Government will convey its decision of revival plans to protect the larger interest and livelihood of all 3,700 employees of the ailing factory.
