At a meeting organised in Hyderabad by the consumer care division of Glenmark, a leading Indian pharmaceutical company, over 100 roles from across India were made redundant in this division of the company. This was communicated to the employees at the meeting organised at hotel Marigold in Hyderabad on Friday, January 17th. Triggered by this, several of those issued with the termination notice, were gathered and agitated outside the hotel and were venting their anger and circulating pictures and videos on WhatsApp of the crowd and their dispersal by the police.
Responding to the developments, the official spokesperson of the company shared a statement that read as follows: “Glenmark continuously evaluates its global business operations to enhance efficiency and maintain competitiveness in an evolving market. As part of this disciplined approach, with the objective of optimizing resources and ensuring long-term operational sustainability, some roles have become redundant. We are committed to supporting affected colleagues through job transition assistance,” the note said.
It further added: “We are providing necessary support to help our colleagues during this transition. Our employees are a key priority for us, and we are committed to managing this process with utmost care, sensitivity and respect for those impacted. At the same time, we remain focused on our continued efforts to serve patients and uphold our responsibilities within the healthcare community.”
