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Larsen & Toubro sheds 14,000 employees from its workforce

Owing to economic challenges, Larsen & Toubro (L&T) has shed 14,000 employees or 11.2% of its total workforce across businesses between April-September in the current fiscal. This is considered as one of the biggest corporate retrenchment exercises carried out in recent times. L&T which is India’s biggest engineering firm has an employee base of 1.2 lakh ..