Crisis-hit IL&FS to cut 65% jobs to halve wage bill

In its second report on ‘Progress and Way Forward’ submitted to the National Company Law Tribunal (NCLT) and stock exchanges, the new board said that it will be taking up ‘manpower optimisation’ initiatives across the IL&FS Group in two phases.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SvFqHE
via IFTTT