Apollo Tyres on Thursday said it is looking at laying off about 1,500 of its workforce.
"We are looking at about 15 per cent of contract and casual labours (for job cuts). We are not going to cut permanent jobs," Apollo Tyres CMD Onkar Singh Kanwar told reporters on the sidelines of the FICCI AGM.
The company has about 10,000 workforce and are looking to cut roughly 1,500 jobs, he said.
On the company's performance, Kanwar said in the current fiscal Apollo will be doing better than the industry average.
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