Larsen & Toubro lays off 14,000 workers

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India: Engineering firm Larsen & Toubro (L&T) laid off 14,000 employees between April and September 2016 or about 11% of its workforce. The reduction in its employees has been done to remove ‘redundant’ jobs, according to the New Indian Express newspaper. Both revenue and profit for the company as a whole and for its Heavy Engineering division rose for the first half of 2016.

Last modified on 30 November 2016

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