Raymond to replace 10000 jobs with robots in next 3 years

Raymond to replace 10000 jobs with robots in next 3 years

CHENNAI: Automation has claimed its first casualty in India. Textile major Raymond is planning to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology.Explaining the move, Raymond CEO Sanjay Behl said the company employs over 30,000 staff in their 16 manufacturing plants in the country.”Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen in India,” he said, adding that the sector was very manpower intensive. He added that a closely monitored team is working on this technology implementation models.Industry experts are wary of increased…


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