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Sesa Sterlite not to lay off on-notice 1017 employees

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Reuters NEW DELHI

NEW DELHI (Reuters) - Iron ore producer Sesa Sterlite Ltd said on Thursday it will not lay off 1,017 employees who were sent notices in January following a plan by the state of Goa to frame what it called a "transparent mining policy".

Earlier this month, the Supreme Court lifted a mining ban in Goa, which was imposed 19 months ago to curb illegal mining. However, it capped annual output in the state at 20 million tonnes.

(Reporting by Krishna N Das; editing by Malini Menon)

 

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First Published: May 01 2014 | 12:36 PM IST

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