Maruti Suzuki terminates 3000 contractual jobs in India
NEW DELHI: Maruti Suzuki Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.
Safety norms and higher taxes have "added substantially" to the cost of cars, affecting their affordability, Mr Bhargava told shareholders at the company's annual general meeting.
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, Reuters reported on Saturday.
The company is on track to meet the country's new emission norms, adding that the company will move towards manufacturing compressed natural gas (CNG) and hybrid cars.
Maruti plans to increase CNG vehicles by 50 per cent this year, Mr Bhargava said.
courtesy: ndtv.com
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Pre-University student found hanging in her hostel room in Moodbidri
Mangaluru (Karnataka), May 5: A second year Pre-University student allegedly died by suicide at her hostel room in a private college in Moodbidri, police said on Sunday.
She was identified as C M Divya (18) from Mysuru, they said.
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According to the complaint lodged with Moodbidri police station by the girl's parents, she was struggling with health issues and was afraid that she would not score in the NEET examinations. She was supposed to take the examination on Sunday.
On late Saturday night, the hostel authorities found the student hanging from the ceiling fan in her room, police said.
