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Mahindra says it let go of 146 employees in 12 months; denies easing out senior management

Mahindra says it let go of 146 employees in 12 months; denies easing out senior management The company also refuted that it was planning to retrench employees at Mahindra Research Valley. In fact, we continue to recruit talent, which will further accelerate as we ramp up our EV strategy BusinessToday.In | March 11, 2021 | Updated 00:16 IST Mahindra also added that there were no lay offs among its blue collar workers Homegrown auto major Mahindra and Mahindra on Wednesday said it let go of 48 employees in the last 12 months due to redundancies and another 98 employees have been given 6 month s notice to find another job. Together, this comprises 1.3 percent of its white collar employees, it said in a filing to the Bombay Stock Exchange. M&M denied it eased out senior professionals from the company.

Mahindra and Mahindra let go of 146 employees in the past 12 months, refutes reports of firing 300 executives

Mahindra and Mahindra let go of 146 employees in the past 12 months, refutes reports of firing 300 executives
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Mahindra & Mahindra says no widespread layoffs , 48 employees left due to redundancies in last 12 mths

Refuting reports that the company has fired 300 executives in its automotive and farm equipment sectors, M&M in a regulatory filing said during the pandemic it has taken "series of actions consistent with our core values and strong focus on associates. There were minimal separations.and no widespread layoffs".

Mahindra fires 300 executives as slowdown stings- Business News

Mahindra fires 300 executives as slowdown stings For now, it is only restricted to Mahindra Auto and farm division but there is clear indication that it will spread to Mahindra Research Valley, said an executive Sumant Banerji | March 11, 2021 | Updated 00:13 IST In a major restructuring move, homegrown auto major Mahindra & Mahindra has fired around 300 management executives since the start of this calendar year as the slowdown in the domestic automotive industry exacerbated, with the pandemic taking its toll. The automotive division of Mahindra, which suffered the brunt of the layoffs, has suffered a debilitating 27.52 per cent decline in sales in this fiscal so far. Industry volumes have shrunk by 13.2 per cent.

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