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Novelis to lay off employees in Korea and US

Metal News - Published on Fri, 17 Feb 2017

Image Source: Business Standard
Business Standard reported that Hindalco Industries' American subsidiary Novelis will be reducing the number of its employees, as part of cost cutting. The cut is likely to be a little less than five per cent of the total.

A source told the newspaper that “Some trimming of jobs is expected in South Korea, parts of Asia and pockets of the US market, to rationalise operations. This is a usual exercise that businesses internationally do to align their costs with the business environment.”

Source :

Posted By : Rabi Wangkhem on Fri, 17 Feb 2017
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