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Tens of thousands losing jobs as India's auto crisis deepens

Slumping sales of cars and motorcycles are triggering massive job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said. Initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April. Reuters was able to identify at least five companies that have recently cut or plan to cut hundreds of jobs, mainly from their temporary labour force. 

Read More at The Economic Times News date : 7 Aug 2019, Wednesday

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