Defaults, lay-offs take sheen off Surat’s diamond sector | Business Standard News

by Admin

With the diamond sector in Surat recording hundreds of crores of losses and payment defaults on the rise, a cloud of uncertainty looms over workers in India’s diamond capital. Sources estimate 70-80 per cent of them have been affected by retrenchment, pay cuts or reduced working hours.

via Defaults, lay-offs take sheen off Surat’s diamond sector | Business Standard News.

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