Much of the layoffs will stem from distress sales and company closures.

Nifty futures on the Singapore Exchange traded 27 points or 0.11 per cent lower at 9,178.25, indicating a flat start for Dalal Street.

In a letter shot off to Gangwar, AITUC said,"...making a particular reference to Fareportal India Pvt Ltd, calls upon your urgent intervent...

Cos said such measures are to keep biz running as there is no certainty to when things will be normal again