Kirloskar Electric Company has laid off 53 people for one month at its Mysore factory, an ET report said. The company has “announced lay-off for 53 workmen at electronic unit at company's factory situated in Mysore w.e.f. November 25, 2013 till December 24, 2013," it said in a regulatory filing yesterday. The move is part of continued efforts to improve the operating efficiency and to optimise the productivity of the resources, it added. "Turnover of the above unit in the total turnover of the company is less than 1.5 per cent," the filing noted.
Read the complete ET report here