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Kirloskar Electric lays-off 53 workmen from its Electronic unit at Mysore

30 Nov 2013 Evaluate

Kirloskar Electric Company has laid-off 53 workmen from its Electronic unit situated at Mysore with effect from November 25, 2103 till December 24, 2013. The company has taken this step as a part of its continued efforts to improve the operating efficiency and to optimize the productivity of the resources. The turnover of the above unit in the total turnover of the company is less than 1.5%.

Kirloskar Electric Company is the manufacture, sales and services of diverse range of electrical and electronic equipment such as AC Induction Motors, AC Generators, DG Sets, DC Machines & Traction Equipment, Transformers, Switchgears, Control Equipments and Systems etc., The projects and system division of the Company has specialized in executing system packages for large industries like steel, fertilizers, cement, sugar and other core sectors.

Peers
Company Name CMP
Waaree Energies 2503.00
Apar Industries 18239.35
Havells India 1088.00
Suzlon Energy 43.02
Siemens 3865.00
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