RPT-Mahindra Ugine cuts working shifts as demand slows

Newswire

(Repeats story issued late on Tuesday) MUMBAI, Dec 23 (Reuters) - Mahindra Ugine Steel Co Ltd said on Tuesday it has cut its working shifts to one or two shifts instead of three, due to a slowdown in the steel and automotive industries. All its plants, except the one at Nashik, will now work five days a week shift instead of seven days a week, it said in a statement to the Bombay Stock Exchange. (Reporting by Aniruddha Basu; Editing by Prem Udayabhanu)

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