 "Ashok Leyland undertakes cost cutting measures to save Rs 500 crore")
Ashok Leyland on Monday announced non-working days across its plants in September due to continued weak demand.
The Hinduja Group flagship firm’s Pantnagar plant will have 18 non-working days in September, while the Ennore unit will have 16. While Alwar and Bhandara plants will be closed for 10 days each, Hosur and CPPs will have 1 and 2 non-working days, respectively.
Automobile majors have been adjusting production for the past few months owing to sluggishness and contraction in the commercial vehicle market. Rs 1.75 lakh bonus to each employee.
Ashok Leyland has agreed to give 5.42 per cent of
