Apollo Tyres plans to lay off 1500 jobs

Apollo Tyres, a leading Indian tyre manufacturer, on Thursday revealed that it is looking at laying off about 1,500 of its employees.

A company official, who did not want to be identified said, the process has already started and we will shed about 1,500 jobs out of a total employee strength of about
10,000 employees.

However, he revealed that company has no intention to cut permanent jobs.