Financial Analyst - Soma Valliappan

Glitz Digital

A prolonged sales slowdown has plunged India, the world’s fourth-largest automobile market, into a labour crisis with tens of thousands of workers losing their jobs in the past few months across automakers and their parts suppliers.Almost 40,000-50,000 workers have been retrenched at Gurugram and Manesar in Haryana, the country’s biggest automotive hub, as original equipment manufacturers and vendors have reduced their contract labour force, said several people aware of the developments.

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