Raymond, India’s top suit-fabric maker, cuts jobs as people work from home

The Mumbai-based company is reducing jobs, rents, and marketing costs to decrease expenses by as much as 35% for the financial year started April 1, Chairman Gautam Hari Singhania said in a virtual interview last week. It has also sought to freeze loan repayments under a one-time program offered by the central bank.

from Markets-Economic Times https://ift.tt/2P5rQLa