Reuters logo
BRIEF-Sovereign Diamonds lays off 14 workers, 2 staff members
December 28, 2016 / 11:03 AM / 9 months ago

BRIEF-Sovereign Diamonds lays off 14 workers, 2 staff members

Dec 28 (Reuters) - Sovereign Diamonds Ltd

* Sovereign Diamonds Ltd says there is a reduction in production and orders by almost 60% due to demonetization of Rs. 500/- and Rs. 1,000/- notes

* Sovereign Diamonds Ltd says layoff of workers

* Sovereign Diamonds Ltd says factory is operating for 4 working days instead of 6 working days

* Sovereign Diamonds Ltd says layoff of 14 workers and 2 staff members Source text - (bit.ly/2iqaneR) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below