EN­GI­NEER­ING

India Today - - COVER STORY -

Slow­down im­pact Com­pa­nies man­u­fac­tur­ing for the power and roads sec­tor will be worst af­fected. For in­stance, tur­bines or trans­former mak­ers will be hit, forc­ing them to hire dif­fer­ent kinds of per­son­nel, re­struc­ture their ex­ist­ing op­er­a­tions or shift them else­where.

Job im­pact Siemens has laid off over 200 em­ploy­ees and plans to cut 400 more jobs. Ma­te­rial han­dling firm Ele­con En­gi­neer­ing de­cided to lay off 400 work­ers in Au­gust.

Re­vival kit En­cour­age do­mes­tic in­vest­ment, es­pe­cially from the ru­ral mar­ket. In­crease govern­ment ex­pen­di­ture in the econ­omy.

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