Top biscuit maker Parle may cut up to 10,000 jobs as economy slowdown bites: Update Parle reports record net profit (15% growth in net)

[velu]

@G_B_ also update the title .. slowdown in economic growth is not same as economic slowdown ..

 

We are still growing faster than China

[Mariyam]

On 8/25/2019 at 9:45 PM, ravishingravi said:

How does business cut jobs with 20 % profits ?

Mechanization?

 

The money saved on the employee salary adds to the profit margin? Just a guess.