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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. ....

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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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