Anand Mahindra - Corona Crisis Struck! Mahindra Fired 300 Officers_Pic Credit Google

Anand Mahindra – Corona Crisis Struck! Mahindra Fired 300 Officers

Anand Mahindra – Corona Crisis Struck! Mahindra Fired 300 Officers – The recession from Corona has worsened the condition of the auto industry. Sales of Mahindra’s automotive division have fallen 27.52 per cent thus far this fiscal year .

The recession thanks to the Corona crisis now seems to possess a significant impact on the auto companies. Indian company Mahindra & Mahindra (M&M) has fired around 300 management executives since January this year.

Anand Mahindra – Corona Crisis Struck! Mahindra Fired 300 Officers

It seems that the recession from Corona has worsened the condition of the auto industry. Significantly, the sales of Mahindra’s automotive division have fallen by 27.52 per cent thus far this fiscal year . Not only this, if we mention this whole industry, then its sales have come down by 13.2 percent.

Not even the giants survived

A number of highly placed sources related to the corporate told our associate website that many senior executives of senior level have also been liable for this retrenchment. Among them, VS, chairman of the Mahindra Mobility Services sector and on the chief board of the group. Parthasarathy is additionally included.

Anand Mahindra – Corona Crisis Struck! Mahindra Fired 300 Officers

Since January this year, 300 executives are fired. Other senior officials include Prahlada Rao, who was the top of business planning in Mahindra.

What did Mahindra say

Rajeshwar Tripathi, M & M’s CHRO, Automotive and Farm Sector, said, “There may be a lot of change happening within the corporate and being ready for the longer term .” we’ve taken several initiatives to bring simplicity within the organization for greater efficiency. This initiative has been wiped out a really supportive and friendly atmosphere. We also offered alternative positions to such people within the group. But in some cases people had to require a difficult decision to evacuate.

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