News: JSPL slashes 750 jobs

Strategic HR

JSPL slashes 750 jobs

After suffering consolidated loss of Rs 1675 crores for the third consecutive quarter, JSPL has slashed 750 jobs. The losses are primarily due to the penalties that Supreme Court has imposed to the company on coal block allocation. The company currently has approximately 15000 employees.

After suffering consolidated loss of Rs 1675 crores for the third consecutive quarter, JSPL has slashed 750 jobs. The losses are primarily due to the penalties that Supreme Court has imposed to the company on coal block allocation. The company currently has approximately 15000 employees.

Read the Financial Express news report here

Read full story

Topics: Strategic HR, #Current, #Corporate

Did you find this story helpful?

Author

QUICK POLL

How do you envision AI transforming your work?

People Matters Big Questions on Appraisals 2024: Serving or Sinking Employee Morale?

LinkedIn Live: 25th April, 4pm