Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency

Mahindra Automotive North America (MANA), the Detroit based subsidiary of the Mahindra Group, has retrenched more than half of its employees, the Reuters reported on Wednesday cited sources familiar with the matter. The  move comes amid the Mumbai-headquartered firm's review of all its international businesses and scaling down or shuttering ventures that are underperforming.

“Hundreds of workers” had been laid off since mid-2020 as part of a restructuring, and that the cuts were as high as two-thirds of Mahindra Automotive North America’s (MANA) total staffing, it said.  It attributed the lay-offs to the pandemic and an ongoing legal tussle with