Home Business About 12K employees of bankrupt Alok Industries likely to lose jobs

About 12K employees of bankrupt Alok Industries likely to lose jobs

By
Lucky Jain
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487
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(G.N.S) Dt. 20 Mumbai With Alok Industries heading into likely liquidation, about 12,000 permanent employees of the company are set to lose jobs in what could be the biggest labour casualty since the implementation of the bankruptcy code. The resolution professional has referred Alok Industries, which owes Rs 29,500 crore

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