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

Indian Markets Touch Fresh 52-Week High, Global Tech Rally Sparks Big Surge, Here's What’s Fueling...

Indian Markets Touch Fresh 52-Week High, Global Tech Rally Sparks Big Surge, Here's What’s Fueling...

ED Intensifies Action Against Companies Linked To Ambani Group, Seizing Immovable Properties Worth...

ED Intensifies Action Against Companies Linked To Ambani Group, Seizing Immovable Properties Worth...

Diversified Conglomerate ITC Completes Voluntary Delisting Process Of Shares From The Calcutta Stock...

Diversified Conglomerate ITC Completes Voluntary Delisting Process Of Shares From The Calcutta Stock...

Digital Payments Value Grows 44% Across Small & Mid-Sized Enterprises As Tier 2 & 3 Cities Drive...

Digital Payments Value Grows 44% Across Small & Mid-Sized Enterprises As Tier 2 & 3 Cities Drive...

Sudeep Pharma IPO Heats Up Before Opening, GMP Shoots Higher, Is A Big Listing On The Cards? Know...

Sudeep Pharma IPO Heats Up Before Opening, GMP Shoots Higher, Is A Big Listing On The Cards? Know...