Vedanta may cut jobs at aluminium unit as prices tank.

By July 23, 2015 Blog No Comments
Vedanta Aluminium

Vedanta Aluminium

Vedanta may cut jobs at aluminium unit as prices tank.
The aluminium business of India’s Vedanta Ltd has scaled down operations and may make “huge” job cuts due to low world prices and rising imports. The aluminium business of India’s Vedanta Ltd has scaled down operations and may make “huge” job cuts due to low world prices and rising imports, its chief executive Abhijit Pati told agency, urging the government to raise tariffs. Vedanta, controlled by billionaire Anil Agarwal, is running its main plant at a third of capacity even as global output in the first half of the year rose at its fastest pace since 2010.

Read more at: http://www.moneycontrol.com/news/business/vedanta-may-cut-jobs-at-aluminium-unit-as-prices-tank_2071301.html?utm_source=ref_article

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