Biscuit Maker Parle Could Lay off 10,000 Workers Amid Economic Slowdown, Falling Demand

[Informalisation and Labour Rights - Related News]

Parle Products Pvt Ltd, a leading biscuit maker, might lay off up to 10,000 workers as slowing economic growth and falling demand in the rural heartland could cause production cuts, a company executive said on Wednesday. A downturn in Asia's third-largest economy is denting sales of everything from cars to clothing, forcing companies to curtail production and raising hopes that the India government will unveil an economic stimulus to revive growth.