E-Paper | Today's Paper | SmartInvestor.

in | BS Hindi | BS Motoring | BS Books | Apps

Sign in | Register

Wednesday, October 2, 2013 | 04:06 PM IST News Stock Quote Authors

Advance Search Home Markets Companies Opinion Politics Technology Specials Personal Finance Portfolio My Page Overview Results News Auto Consumer Engineering Financials Industrials Infrastructure IT Oil & Gas More TelecomAgri & agri inputsMediaHealth careServicesOthers

LOGIN
EMAIL / USER NAME

PASSWORD Forgot password? Remember me Sign In Not a member?

Register now
or Connect using:

Why BS? We encourage visitors to register on Business Standard. Registering on the site is absolutely Free and offers you the following benefits. Free Daily E-newsletter Breaking News Alerts in your Inbox Post Comments and Share your Feedback Your Personal Business Standard Page Free Portfolio of Stocks, Equity and Commodities Derivatives Access Premium Services Receive Selective Offers from our Third Party Premium Advertisers Get Invited to Business Standard Events

FORGOT PASSWORD?
Enter your registered email below and we will send your password to this address. Security Code:

Send Not a member?

Register now
Companies News News Press Trust of India | New Delhi October 2, 2013 Last Updated at 15:48 IST

No plans to reduce workforce: Ranbaxy

Company has been reported to be retrenching staff
Resort NA Plots @8.8Lacs
Wellness City, Resort NA Plots at Shahpur. "Book Now at 8.8Lacs" only DishaDirect.in/WellnessCityDeals
Ads by Google Tw eet 0 0
Share 0

Add to My Page Read more on: Ranbaxy Related News Explaining the world's strictest drug regulator to Indian healers Indian pharma grapples with quality problem

Forest files patent suits against Lupin, Ranbaxy and others Daiichi to cooperate with USFDA to resolve Ranbaxy concerns USFDA increases inspections of drug facilities in India Ranbaxy Laboratories Ltd On BSE 350.0019.30 (5.84%) On NSE 350.5020.20 (6.12%)
355 350 345 340 335 330 0 9 :0 0 1 2 :0 0 1 5 :0 0

2Y1Y6M1M5D1D
Free Kitchen Catalog 2013
Grab a Sleek Product Catalog & Get Modular Kitchen Design Ideas Now! SleekWorld.com/TheKitchenSpecialist

Bushings Suppliers
Choose from 1M+ Verified Suppliers. Contact Directly & Get Live Quotes! www.Alibaba.com
Ads by Google

Pharmaceuticals major Ranbaxy Laboratories today said it has no plans to reduce its workforce and is focusing on improving performance and productivity. "Ranbaxy has no plans to reduce its workforce either in the next 3 or 12 months," a Ranbaxy spokesperson told PTI in an emailed response. The company has been reported to be retrenching staff.

Denying that any such step was taken or planned, the spokesperson added: "We will continue to improve our productivity and performance and ensure optimal use of resources for sustainable, long-term growth." Company CEO and MD Arun Sawhney had said in his address to shareholders in the annual report that it has a team of over 14,600 people globally, represented by more than 50 nationalities. "Today, there is a sharper focus on training, learning and development to build leaders and a skilled workforce that can compete in the competitive global environment," he had said. Sawhney had also said that the company had initiated a project aimed at designing a new organisation structure to remain relevant and succeed in today's 'volatile competitive market'. The project was initiated as a "strong need was felt to realign the organisation and simplify structures and work processes, increase collaboration, accountability and maximise efficiencies across the company, thereby making Ranbaxy a responsive, nimble-footed and successful organisation". Ranbaxy has been facing a series of issues with the USFDA, which had last month banned drugs produced at its Mohali plant in Punjab for violation of current good manufacturing practises. In May this year, Ranbaxy had pleaded guilty to 'felony charges' relating to manufacture and distribution of certain 'adulterated' drugs made at two units in India to US authorities and had agreed to pay USD 500 million as penalty. The company had admitted to past "shortcomings" but said it has rectified those and insisted that its drugs were safe and efficacious. It had also offered to co-operate fully with any regulator from anywhere in the world wanting to investigate its manufacturing practises. The company's Japanese parent Daiichi Sankyo has also said on September 24, that it will work with US authorities to resolve the issue of a ban imposed by the USFDA on the import of drugs from the Mohali plant of its Indian unit Ranbaxy Laboratories. Read more on: Ranbaxy Read More

Cognizant acquires France-based Equinox Consulting

Cognizant Technology Solutions Corp on Wednesday said it had acquired France-based Equinox Consulting, a financial services consultancy, for an ...
Apartments & Villas, Pune
4.5 & 5.5 BHK Villas in Bavdhan & 3/4 BHK Spacious Apartments Kharadi gera.in/Call-Us-020-6726-5863

Buy Sell Rent Properties

Maximum Options of Properties @India's No. 1 Property Site. www.magicbricks.com
Ads by Google

Advertisements Latest Ericsson Mobility Report highlights growth of smartphones Corporate Polo shirt with your logo 1 Polo @ Rs. 325. Order today Save Tax-Invest in ELSS Today with FREE FundsIndia A/c Find new roads benefits of up to Rs. 85000/-. Know more Our new fleet explore our new craft. Take a Look Only a strong bank can be a good partner. Click here to know more Mobile Broadband - What's next? Impact of Network performance on loyalty of smartphone users Premium Business Cards Starting at Rs. 130. Know more Weat your art in your sleeve with customized clothing A little help can change a child's life. Donate Free Quote in 30 sec. 2900+Network Garages. Towing Allowance. Save Upto Rs.4000. Free Quote Buy with Same Quote Within 7 Days! Impact of connected mobile devices on consumer video needs 500 Visiting Cards for Rs 375 only Order Today in a Few Minutes
Tw eet 0 0
Share 0

Add to My Page

Comments (0):
There are no comments to display. Be the first one to comment!

Login to leave a comment: Sign in Name: E-mail: The content of this field is kept private and will not be shown publicly. Comments

CAPTCHA This question is for testing whether you are a human visitor and to prevent automated spam submissions Enter the characters shown in the image.

Left : 5000

I have read the Comment Guidelines and Disclaimer. Post Comment

Back to Top Back to Top

Quick Links
Companies Overview

Go Latest News In this section All News

Hi Click here to go My Page

iPhone We expect $40 mn revenue annually from iPad Equinox acquisition: Cognizant's SVP android Cognizant acquires France-based Equinox wap Consulting facebook HCL reduces training time by half twitter TataCom in Etisalat deal to enhance Google+ network platform Tata Tele's net worth wiped out RSS Loop investor drags govt to global arbiter Motown vrooms again as leaders see sales Youtube pick up speed Bank credit to commercial real estate picks up in FY14 From BS Website Naukri controls large-scale hiring, amid Home growing competition Markets Worst over, says M&M chief Companies Opinion With government's unfair treatment to engineering export, lowering growth target Technology Specials at 10 % Personal Finance Petroleum ministry to launch 5 kg gas General News cylinder in Bangalore on Oct 5

Ordinance controversy: PM meets General Videos President We expect $40 mn revenue annually from About BS About Us Equinox acquisition: Cognizant's SVP Truck Rentals grew by of 3-4% on trunk Code of Conduct Terms & Conditions routes Disclaimer Analysis: Holding nerve on 2013's big rotations Support & Contact UP CM Akhilesh targets UPA over Partner with Us ordinance mess, terms it 'poll gimmick' Careers Maha Govt mulls development of third city Advertise with Us in Uran Senator: Pakistan central bank head says Contact Us Feedback $25m cash smuggled out daily BJP, Cong engage in slugfest over Subscribe controversial ordinance E-Paper Portfolio Tracker Most Popular Read BS Products Shared BS Hindi Commented BS Motoring BS Books Forget US shutdown, India might be on the iPhone verge of a shutdown iPad RBI working overtime to meet Rajan's android licence deadline wap Lalu sent to Ranchi jail; will appeal in HC, Connect with BS says son Facebook FIR against NSEL, FTIL promoters, Twitter directors, staff Google + Life insurers get 3 months to phase out old Youtube products RSS PM won't quit over Rahul's remarks,

questions timing Stamp booty Life insurers get 3 months to phase out old products Tata Tele's net worth wiped out

Copyrights 2013 Business Standard Ltd. All rights reserved.

Forget US shutdown, India might be on the verge of a shutdown Choose between shahzada and country, Modi urges people in Delhi Lalu sent to Ranchi jail; will appeal in HC, says son Rahul Gandhi's outburst reflects the embarrassing ineptitude of the Congress Life insurers get 3 months to phase out old products What did the 'open eyes' see in NSEL?