India Inc warns of more layoffs

PUBLISHED ON: November 16, 2008 | Duration: 1 min, 20 sec

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Corporate India's top leaders got together at three-day 'Indian Economic Summit' on Sunday and have warned of a bad situation becoming worst if the government doesn't take action. If companies need to survive they don t have an option. So they will have to cut some jobs to ensure they can retain some jobs, said A M Naik, chairman, Larsen and Toubro.
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