Over 3,000 temporary employees have lost jobs with the country's largest carmaker Maruti Suzuki India (MSI) due to the ongoing slump in the automobile industry, a top company executive has said.
MSI Chairman R C Bhargava said contracts of the temporary workers were not renewed due to the slowdown while asserting that permanent workers have not been impacted.
"This is a part of the business, when demand soars, more contract workers are hired and reduced in case of low demand," he said while speaking to some leading private TV channels.
Bhargava was responding to a query on whether the current slump and production cuts have led to job cuts in Maruti.
"Around 3,000 temporary workers have lost jobs with Maruti Suzuki," he added.
Reiterating that automobile sector creates job in the economy from sales, service, insurance, licensing, financing, accessories, drivers, petrol pumps, transportation - he cautioned, "fewer automobiles (sales) will impact jobs on a larger scale."