Auto part SMEs won’t poach
It is not official yet, but scores of small and medium enterprises (SMEs) in the thriving auto component sector are informally trying to enter into nopoaching pacts to stem attrition. The unwritten protocol is in vogue, especially in the industry corridors of state agency SIPCOT, besides Ambattur and Guindy in Chennai, for sometime now. Some of the auto component units have tried to find a solution to the problem. About 25 member companies of Auto Component Manufacturers Association (ACMA) are said to be signatory to a pact that will “put the person on notice”, sources told ET.