Last week, reports of leading biscuit maker Parle Products cutting down around 8,000-10,000 jobs came to the fore. However, the company has now come out with a statement vehemently denying the same. Parle Products denied reports of 10,000 job losses due to slowing economic growth, falling demand and consequent production cuts.
“The news about 8,000 to 10,000 job losses at Parle G is not a factual story,” said Mayank Shah, Senior Category Head at Parle as quoted to as saying by news agency ANI.
“The facts have been hyped by media. The condition of job loss is actually an eventuality if our demand for lesser tax rates is not met,” he told ANI.
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