Britannia sacks employees in India

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Britannia sacks employees in India

Confectionery major Britannia Industries has sacked some employees across levels in India on the basis of non-performance.

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Confectionery major Britannia Industries has sacked some employees across levels in India on the basis of non-performance.

The company, however, did not give the exact number of employees it has sacked.

When contacted, Britannia spokesperson said, "This is part of the ongoing performance management process, which differentiates the great, good and under-performers and has nothing to do with any other factor."

"Each year, under-performers (usually 20 to 30) are put on a performance improvement plan and progress is consistently and carefully monitored," the spokesperson said.

"In those cases, where the level of performance continues to be below the acceptable benchmark and there is no noticeable improvement, employees are transitioned," the company added.

To a particular query on whether the employees were given prior notice, the spokesperson said, "There is no surprise for the employee as it is discussed in advance as part of the performance review and happens every year."

Britannia Industries' scrips closed at Rs 468.30 per share, up 0.58% from the previous close on the BSE.