Parle Products Pvt Ltd, a leading Indian biscuit maker, might lay off up to 10,000 workers as slowing economic growth and falling demand in the rural heartland could cause production cuts, a company executive said on Wednesday. A downturn in Asia's third-largest economy is denting sales of everything from cars to clothing, forcing companies to curtail production and raising hopes that the India government will unveil an economic stimulus to revive growth. A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of ...
Kitex Garments aims to be top global player in infant wear segment by 2025
300 fresh pharma unit applications up for approval in Gujarat: FDCA
Parle may cut up to 10,000 jobs, slash production as slowdown bites
A sharp drop in Parle's biscuit sales means the company may have to slash production
Topics
Parle | Parle Products | Economic slowdown
Reuters Last Updated at August 21, 2019 12:33 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).