Raymonds to downsize,cut close to 10,000 jobs in 3 years
CHENNAI (TIP): Apparel giant Raymonds to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology, said Sanjay Behl, CEO, Raymonds.
Speaking at an event at Great Lakes Institute of Management, Behl said that the industry being manpower-intensive, Raymonds employs over 30,000 staff in their 16 manufacturing plants in the country. “Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen in India,” he said. He added that a closely monitored team is working on this technology implementation models.
Behl added that the company is looking to open a plant in Africa.
