MUMBAI – India’s slumping automobile industry sheds about 5,000 temporary jobs as production-capacity utilization plunges to 63%. Auto makers fear utilization may slide to 50% as inventories accumulate and many dealers report having 6- to 8-week supplies of unsold vehicles. The 5,000 temporary jobs have been lost not only in auto plants but also in the supply and distribution chains. An equal number of temporary workers fear being terminated or sent on long unpaid leave ...
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