The Indian Staffing Federation, a body of 120 recruitment agencies which provided about 60,000 outsourced workers, said nearly 6% or about 3,600 of these workers lost jobs in the March quarter.
The share of non-permanent workers and employees in CPSEs has rapidly increased since 2015-16 as more and more employees on the rolls seek VRS.
The note ban pain is felt by the 800 workers of the country's top two-wheeler giants, who have been put on the bench as the companies wait for demand to get back to normal.
CNBC-TV18's Ronojoy Banerjee reports on how India's auto firms are trying to trim costs and survive.
DHL's contract workers at two of Jaguar Land Rover‘s plants in the UK have voted in favour of a strike. Contract workers at a third plant have also voted in favour of such action, reports CNBC-TV18‘s Sunanada Jayaseelan.
S Narsing Rao, CMD of Coal India, is optimistic that issues with NTPC on the quality of coal can be sorted out.
India's top passenger car maker Maruti Suzuki has started some production at its plant in Manesar by hiring contract workers and it is also likely to start production at its second assembly line in Manesar in the next few days, almost a month ahead of its planned commissioning.
Maruti Suzuki is likely to resume some operations at its Manesar plant in Haryana on Tuesday and may even employ temporary contract workers at the plant, according to RC Bhargava, chairman of India’s top passenger car maker.