Reliance Retail to lay off 900 in select departments

Around 900 workers employed directly and indirectly with Reliance Retail are to get pink slips. To be laid off are employees working in its land acquisition and statutory clearance teams across the country. The layoffs are the latest in a series of setbacks faced by the organised retail sector as the global meltdown affects the Indian economy. Reliance Retail is a subsidiary of the country’s largest private sector company, Mukesh Ambani’s Reliance Industries Ltd.

According to informed sources, around half the employees slated to lose their jobs are on the company rolls while the balance are with outsourced agencies providing support services. The disbanding of the teams appears to indicate that the company does not plan any major land acquisitions in the near future.

Members of the larger land acquisition team stationed in several states are tasked with identifying and acquiring land for retail stores and SEZs.

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