Ashok Leyland’s Ennore plants’ workers in Chennai are working only three days a week this month, considering a production cut because of slowdown. The commercial vehicle maker will give the compensation as per the number of working days. In June, the company operated only for 14 days. The compensation levels will go up, once demand picks up and workers meet production targets.
For the year ended March 31, 2013, the company registered 23.37% fall in its net profit at Rs 433.70 crore in FY13 as against Rs 565.97 crore in previous years. Total income of the company has decreased to Rs 12481.20 crore as compared to Rs 12904.32 crore in FY12, down by 3.28%.
