Layoffs in plant in line with biz decision: Vivo

Layoffs in plant in line with biz decision: Vivo

FPJ BureauUpdated: Thursday, May 30, 2019, 04:46 AM IST
article-image

New Delhi : Chinese handset maker Vivo said the layoffs at its manufacturing unit in Greater Noida are in line with its business decision. The statement comes amid reports that Vivo has laid off about 60 workers at its Greater Noida plant. Some workers protested and reportedly created ruckus when no clear reason was offered on the sudden layoff.

“With continuous growth and strategic review, we look at staffing the right size in various divisions to improve productivity. The layoff of the contractual employees is in line with this business decision,” Vivo said, reports PTI.

It added that the company ‘strictly adhered’ to the rules and regulations of the contract, and is taking ‘all the right measures’ to ensure a peaceful transition.

RECENT STORIES

SEBI Streamlines Process For Grant Of Investor Accreditation Under AIF Regime

SEBI Streamlines Process For Grant Of Investor Accreditation Under AIF Regime

Silver Rebounds Nearly 3 Per Cent To ₹2.5 Lakh Per Kg; Gold Rises On Global Risk Concerns

Silver Rebounds Nearly 3 Per Cent To ₹2.5 Lakh Per Kg; Gold Rises On Global Risk Concerns

India Still Keen On US Trade Deal, MEA Rejects Commerce Secretary Lutnick’s Remarks | VIDEO

India Still Keen On US Trade Deal, MEA Rejects Commerce Secretary Lutnick’s Remarks | VIDEO

SEBI Eases Technical Glitch Framework For Stock Brokers

SEBI Eases Technical Glitch Framework For Stock Brokers

Mutual Fund Data For December Signals Maturing Investor Base: Analysts

Mutual Fund Data For December Signals Maturing Investor Base: Analysts