Construction and earthmoving equipment manufacturer JCB India recently said that it has laid off about 400 permanent employees in order to align its workforce with the decline in demand due to the pandemic.
As per a PTI report, the company said that the demand for its products dropped by a whopping 80% during May and June as compared to previous year.
“The construction equipment sector, like many other sectors, has been adversely affected due to COVID-19. As construction activity slowed down, there was almost no demand for construction equipment in the month of April,” a JCB India spokesperson said.
“Our business has thus been severely impacted. We have had to take the difficult and painful decision of re-organising our staff strength across levels to tide over this extraordinary situation which has led to 400 job roles becoming redundant,” the spokesperson added.
India has been one of the JCB’s single largest markets since 2007.
JCB India currently employs over 5,000 people and has a network of more than 60 dealers and 700 outlets spread throughout the country.
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