Brief: Sovereign Diamonds lays off 14 workers, 2 staff members
28/12/2016 11:00
Dec 28 (Reuters) - Sovereign Diamonds Ltd SOVN.BO
* 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 - (http://bit.ly/2iqaneR)
Further company coverage: SOVN.BO
((Bangalore.newsroom@thomsonreuters.com;))
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Brief: Sovereign Diamonds lays off 14 workers, 2 staff members