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14,000 Lay-Offs At Larsen & Toubro (L&T) In Six Months
The company said it was necessary to stay 'agile and competitive' The layoffs happened between April and September this year It has an employee base of 1.2 lakh across various businesses
23 Nov 2016, 12:04 PM IST 
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L&T said laying off was a one-time move.
Mumbai: Faced with economic challenges, engineering major Larsen & Toubro (L&T) has laid off 14,000 employees across businesses during April-September period this year, saying it was necessary to stay "agile and competitive".
"It was a strategic decision that if a business is not in good shape, we are trying to resize it. If there is time to get the business back to normalcy, it is important to reduce the under-recoveries. So, the j...
