NEW DELHI: Loss-making Indian tire company could be the next to be hit by a government closure notice.

The Union Cabinet is expected to take the decision on Wednesday. Experts say the move is in line with the government’s plan to turn around distressed public sector organizations by closing them down or selling strategic stakes.

A government official, requesting anonymity, said, “The Kolkata-based employees will be offered attractive voluntary salaries and paid on the basis of 2007 Regardless of the size of the job, enjoy a retirement scheme in the name of the year.”