Demand Slump Forces Ludhiana Industries To Lay Off Workers
Date
10/29/2022 2:04:15 PM
(MENAFN- KNN India)
Demand slump forces Ludhiana industries to lay off workers Ludhiana, Oct
29 (KNN)
Industries in Ludhiana have been forced to ask labourers to take a break for one or two month owing to the recession in the market and decline in orders.
Generally industry during this time of the year always refrain from labour crunch.
However, the scenario is different this time. Industrialists are asking labourers to go home for a break of one or two months, reported The Tribune.
Almost in all segments the orders have come down to just 40-50 per cent.
According to The Tribune, the industry is hoping that things will get streamlined soon.
SC Ralhan, president, Ludhiana Hand Tool Association told The Tribune that the industry was asking the labour to take rest.
(KNN Bureau)
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