Aditya Birla Retail closes its factories, Outlets across India
Bhubaneswar: In the wake of Novel Coronavirus pandemic Aditya Birla Fashion & Retail has shut down its manufacturing facilities and stores across the country.
In a market filing, the company has informed that it has already closed down its factories in Odisha, Karnataka & Tamilnadu until 31st of March. The company has also shut down its retail outlets across the country.
“..In order to safeguard the risks to the health of our store employees & customers, as well as in line with the advisories from Local, State and Central Government, the Company has decided to shut all its retail stores until March 31, 2020. The Company had already moved to “work from home” policy for all its office employees last week, thereby significantly reducing risk to them in this period…” the company said.
The company has also acknowledged that the present crisis has severely impacted its business and the it will be under pressure in the coming days also. But, the uncertainty around the situation makes it difficult to ascertain the exact impact at this point of time.
“The Company will continue to assess the situation and will consider resumption of its business operations at an appropriate time” it added.