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L&T fires 14,000 employees in one of India's biggest layoffs
short by Pragya Swastik / on Wednesday, 23 November, 2016
In one of the biggest layoffs in India, Larsen & Toubro fired 14,000 employees across businesses in the past six months, the conglomerate's CFO R Shankar Raman said. The firings were made due to factors such as change in technology, automation, redundancy and performance. L&T has been facing a slowdown in investments as its entities are struggling to repay debt.
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