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Vedanta Resources to slash 4,000 jobs
Posted on: 24/Sep/2015 1:04:32 PM
The metals and mining conglomerate the metals and mining conglomerate Vedanta Resources having a sizable presence in India in oil and gas, aluminium, iron ore and zinc sectors, has announced slashing nearly 4,000 jobs, both direct and indirect in the country since January this year.
When asked one of the spokesmen about this retrenchment he said, Global cost curve has to be kept in mind as we work in unified competitive environment and hence, cost reduction has become the need of the hour so as to remain competitive in a global melt down condition which all of us have to face.
It is with this background, the company was forced to trim the workforce and restructure the businesses and optimise costs which can suit the new operating level.
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