Toyota Pakistan Shuts Down Production Plant for 6 Days

Toyota Pakistan Shuts Down Production Plant for 6 Days

Toyota Pakistan Shuts Down Production Plant for 6 Days Indus Motor Company Limited, renowned for its production of Toyota and Daihatsu automobiles in Pakistan, has recently apprised its investors of an imminent temporary shutdown at its manufacturing facility. The rationale behind this decisive action encompasses a confluence of circumstances, notably comprising a shortage of vehicles…

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Daraz Group Implements Workforce Reduction: Layoffs Announced in Internal Memo

Daraz Group Implements Workforce Reduction: Layoffs Announced in Internal Memo

Daraz releases a memo announcing layoffs. In an internal memo reviewed by Reuters, acting Chief Executive Officer James Dong announced layoffs across the Alibaba-owned e-commerce platform Daraz Group. The move aims to “adopt a more streamlined and agile structure,” reflecting the company’s strategic realignment efforts. Impact on Employees Although the memo did not specify the…

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