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Report: Maruti Suzuki cuts temporary jobs amid falling sales

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Report: Maruti Suzuki cuts temporary jobs amid falling sales

Maruti Suzuki India Ltd. has reduced the number of its temporary workers amid declining sales, Reuters reported Aug. 2.

The Indian arm of Suzuki Motor Corp. reportedly told Reuters that it reduced average hiring of temporary workers in the first six months of the calendar year by 6% to 18,845, about 1,181 employees fewer from the same period in 2018. It also said job cuts has risen since April, according to the newswire.

Maruti Suzuki noted that there were no reductions among its permanent staff, the newswire said. Chairman R.C. Bhargava reportedly declined to provide details on the job cuts but said the reduction in workforce reflects the slowdown in the carmaker's business.

The company will not hire new temporary workers at least until the downturn is reversed, Reuters reported, citing unnamed sources. Further, the number of three-shift days in the company's Manesar plant has been reduced and some of the assembly lines lie idle, the sources reportedly said.

Maruti Suzuki did not immediately respond to a request for comment from S&P Global Market Intelligence.

In July, the company reported a 33.5% plunge in total vehicle sales, driven by declining purchases across all segments.