Exclusive: India’s biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge
By Sudarshan Varadhan and Aftab Ahmed MANESAR/NEW DELHI (Reuters) - India's biggest automaker, Maruti Suzuki India Ltd, said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia's third largest economy. The vehicle industry, accounting for nearly half of India's manufacturing output, is facing one of its worst slowdowns in nearly a decade, with vehicle sales falling rapidly. There is little sign of a swift revival.
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