Parle may lay-off up to 10,000 employees over weakening demand

The country’s largest biscuit maker Parle Products said on Tuesday that it may have to let go of 8,000-10,000 people if the ongoing consumption slowdown persists, indicating that all’s probably not well with the economy. “We have sought reduction in the goods and services tax (GST) on biscuits priced at Rs 100 per kg or below, which are typically sold in packs of Rs 5 and below