INDIA: Bombay Dyeing Restructure Cuts Workforce By 50 Per Cent
The Bombay Dyeing & Manufacturing Company is to lay off half of its workforce as part of a restructuring plan. The company currently employs around 5,500 workers. The company also plans to relocate to new sites in the western state of Maharashtra. "It's difficult to survive in Mumbai (Bombay). Processing, printing, and a part of the spinning and weaving activities will move out of the city. We are currently drawing up a list of probable places," managing director Adhiraj Sarin said.
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