Wipro shuts down it’s Consumer Care and Lighting manufacturing unit at Mysuru due to the drop in demand for CFL products and increasing preference for LED products in the market.
And a voluntary retirement scheme has been offered by the company to all 84 workmen of the unit earlier this year.
Further, the company clarifies that “ as required, we have notified the government and relevant authorities about our decision of shut down the plant two months ago and complied will all regulatory requirements”.
In a statement, Wipro Consumer Care and Lighting said, the changing market and technology landscape in the lighting business marked by a sharp decline in the demand for CFL products and increasing preference for LED products over the past two years has rendered continued operations of the Mysuru manufacturing unit “commercially un viable“.
The company also said, we have evaluated all possible options and kept the plant operational of over a year at low production levels that are economically un viable.