Saturday, March 6, 2021
Home News Reports Parle responds to reports of 10,000 potential job losses, says no job loss yet,...

Parle responds to reports of 10,000 potential job losses, says no job loss yet, definite slowdown but issue blown out of proportion

Dismissing the reports of downsizing at Parle Products, Shah said that the job losses will be an eventuality if the sales of the basic biscuits category continue to decline.

In an interview with the media outlet BTVi, senior category head at Parle Products, Mayank Shah clarified that there have been no job losses at Parle yet and that the issue has been blown out of proportion by naysayers. There were reports recently that slowdown could force ParleG to lay off 10,000 staff members.

Shah added that there has been a marked decline in the sales of their products, attributing the slumping sales to the GST tax slab for biscuits below Rs 100 per kg, which attracts 18% GST.

“Biscuit as an industry or category has been severely affected. This phenomenon is industry-wide and not Parle specific. The consumer is thinking twice before buying biscuits now. Biscuits which were earlier exempted from excise were now included after the advent of the GST. This has had a serious effect on the sales of the basic biscuits which are less than Rs 100 per Kg. Right now, basic biscuits fall under the same 18 per cent GST slab as the premium biscuits,” Shah said.

Shah further stated that their company has been requesting the government from last 1 year to look into the matter. “Premium segment biscuits which are sold at or above Rs 100 per kg and basic biscuits which are less than Rs 100 per Kg are two different categories. We have been requesting the government to provide concessions to us in basic biscuits category by changing its GST slab as it did with apparels, footwear and other commodities,” Shah said.

Dismissing the reports of downsizing at Parle Products, Shah said that the job losses will be an eventuality if the sales of the basic biscuits category continue to decline. Once the category which used to grow at 10-12 per cent per annum is currently declined by 7-8 per cent.

“Sales of premium biscuits at Parle are showing impressive growth. However, the sales of the basic biscuits category which is for the consumption of common man is getting the beating after the implementation of GST. We have to take a price hike because of the GST. We urge the government to exempt basic biscuits, which are priced less than Rs 100 per Kg be exempted from the tax like it was before the GST,” Shah said.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

‘Haram or Halal, TMC wants only money’, says West Bengal Congress leader Haji Mohabbat Khan in an interview with OpIndia

The Congress leader said that if 'communal BJP' has to be stopped from winning in West Bengal, then Congress is the only hope

‘He got carried away, committed a serious mistake’: Bombay HC upholds bail for Areeb Majeed, accused of traveling abroad to join ISIS

Areeb Majeed, who left to fight for ISIS in Syria, has walked of prison today after his bail was upheld by the Bombay High Court.

Owner of the explosive-laden car found outside Antilia was in touch with Mumbai Police officer Sachin Vaze: Claims Devendra Fadnavis

Fadnavis said Mansukh Hiren had made and received multiple calls from Mumbai Police officer Sachin Vaze in the last few months

How Freedom House duped millions of Indians into signing up for an anti-India agenda

You must have seen the headlines yesterday. India has been 'downgraded.’ By whom? Some apparently international organization called Freedom House.

‘Even if life was taken away illegally, courts are helpless’: the Congress toolkit for protecting institutions

Rahul Gandhi had recently said that though the Emergency was wrong, Congress has never tried to capture India's institutional framework.

Badminton coach Mathias Boe is also the coach of Pune 7 Aces, owned by girlfriend Taapsee Pannu and KRI Entertainment, both facing I-T probe

Mathias Boe is the coach of Pune 7 Aces, a franchisee badminton team that participates in the Premier Badminton League

Recently Popular

Kiren Rijiju gives befitting reply to ‘befitting reply queen’ Taapsee Pannu’s boyfriend, who wanted the law to bend to his whims

Matthias Boe, boyfriend of actress Taapsee Pannu, had appealed to Kiren Rijiju to 'do something' to help the actress.

Indian Govt should ask badminton coach and Taapsee Pannu’s boyfriend Mathias Boe to quietly do his job or quit

Mathias Boe had tweeted tagging Minister Kiren Rijiju, asking him to do 'something' about the IT raids on his girlfriend Taapsee Pannu

Crores of undisclosed income, unexplained cash receipts and more: IT Dept discovery so far in raids against Anurag Kashyap, Taapsee Pannu

Income Tax department (IT dept) conducted raid on properties linked to filmmaker Anurag Kashyap, actress Taapsee Pannu and others

Her husband used to talk vulgar to girlfriend in front of her: Here is what the lawyer of Ayesha, who jumped into Sabarmati river,...

Ayesha, who committed suicide by jumping into the Sabarmati River in Gujarat on March 1, had a disquiet marital life

Mansukh Hiren, whose explosive laden car was parked near Mukesh Ambani’s residence, found dead: Details

Mansukh Hiren, whose car laden with explosives was found near the residence of Mukesh Ambani and family, has been found dead.

Taapsee Pannu and Anurag Kashyap deleted data from their phone after NCB probe began, reveals IT Dept during its probe: Details

Income Tax Department has informed that they suspect actress Taapsee Pannu and Director Anurag Kashyap of deleting phone data
- Advertisement -

 

Connect with us

253,231FansLike
522,208FollowersFollow
23,800SubscribersSubscribe