Colgate Palmolive (India) Ltd’s Hyderabad factory has ceased manufacturing operations after all employees at the unit accepted the voluntary retirement scheme offered by the company.
The company said in a notification to the stock exchanges that it offered VRS to the employees working at its Hyderabad unit engaged in production of toothpowder.
As all the employees have accepted the scheme, manufacturing at the Hyderabad factory has been discontinued effective September 29.
This will not impact toothpowder business as it has adequate capacity to cater to the demand, it said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.