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Apollo R&D Centre Building, Enschede, the NetherlandsApollo Tyres informed to the BSE that the management and the Works Council (WC) of Apollo Vredestein B.V. (AVBV), Company's Netherlands ba
By Sharad Matade| Jul 14, 2020

Apollo Tyres lays off 528 employees at Netherlands factory

Apollo Tyres said in a BSE filing that the management and the Works Council (WC) of Apollo Vredestein B.V. (AVBV), Company's Netherlands based subsidiary, have reached an agreement on the specialization of the factory in Enschede marking the conclusion of the consultation process.

Under the agreement, AVBV will retain 737 job positions (against the initial 1265) and continue to focus on high-value segment passenger car tyres and its earlier capacity for Agricultural & Spacemaster tyres, said the company in its filing.

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