Block Closure

Today a New Word was added to my vocabulary – block closure. After a couple of wrong hits managed to get it right with this news item – which mentions Tata going for the 4th Closure of the year.

Still not guessed it – well its what all the automotive firms are doing now going for weeklong shutdowns to compensate for the lack of Demand or excess inventory. 

Tatas are not the only people who going for “Block Closure” almost every Auto motive firm worth its salt is going for it. That is the Buzzword in the industry. Pricol, SKF, Conti, Delphi you name it. 

Lets hope the Indian Engineering sector gets off the Block soon.

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