Kirloskar Electric stock dips after temporary lay-off of workers in Tumkur unit

The company said that the company has laid off 36 workers at Hirehalli, Tumkur (unit 7).

Jan 11, 2021 04:01 IST India Infoline News Service

Kirloskar Electric Company Limited saw its shares fall 1.25% after the company announced the temporary lay-off of its workforce at a unit in Karnataka.

The company said that the company has laid off 36 workers at Hirehalli, Tumkur (unit 7). 

They have been laid off for a period of 60 days from January 1, 2021 to March 13, 2021.

The company had earlier intimated the complete lay off of workers at unit located in Budhiyal.

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