Motilal Oswal
    NIFTY 50
Motilal Oswal

McLeod Russel's Kolkata headquarters employees not paid for last few months

Updated : May 02, 2019 08:34 PM IST

Employees at McLeod Russel's Kolkata headquarters have not received their salaries for the last few months, sources told CNBC-TV18. This comes on the back of financial stress in the group.

Salaries for at least two months have not been paid, said the sources, adding that many employees at the headquarters are now forced to look at other opportunities.

The company has been under financial stress over the last few years. This week, the stock has fallen 30 percent while it has slipped 55 percent this year.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV