Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 16 2016

Raymonds moving in for a massive lay off; plans to shell out 10, 000 employees

Raymonds will be sacking about 10,000 employees from its manufacturing centres in the next three years, replacing them with robots and technology.

Raymonds, India’s apparel giant, is planning to upgrade its technology with robots and high-tech machinery. This move may sound very interesting for the readers, but it has a darker side as well. If the company goes ahead with the plan, it means that it will shell out 10,000 employees from its team as their positions will be filled by advanced machinery and robotics technology.

Company’s CEO, Sanjay Behl informed that Raymonds will be sacking about 10,000 employees from its manufacturing centres in the next three years, replacing them with robots and technology.

While addressing the crowd at an event organized at Lakes Institute of Management, Behl stated that Raymonds employs over 30,000 staff in their 16 manufacturing plants in the country. Roughly about 2,000 employees in each plant. Through technological intervention, company is 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. A team of experts is working on this technology implementation model under a close surveillance. He further added that company is now gearing to set-up its manufacturing plant in Africa. 

Comment
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: The Pabrai Family has over 30 years of experience..
    Locations looking for expansion West Bengal
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Kids/Candy Stores
    JOIN INDIA’S 1st ZERO ROYALTY FRANCHISE MODEL - Khilonewala Toy Library! About..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Career Counselling & Brain Programming
    About Us: Brain Checker Techno Services (India) is India's Largest Career..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • About Us: MedZone – Asia’s No.1 Medical Shop Network   Investment ..
    Locations looking for expansion Chandigarh
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 130
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chandigarh Chandigarh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities