Vedanta layoffs, on the record
Every job cut, severance charge and restructuring Vedanta reported in its annual reports, 2020 to 2022, quoted from the filings. Headcount went from 17,041 to 16,738.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2021 | 17,041 | March 31, 2021 |
| 20-F for 2022 | 16,738 | March 31, 2022 |
Job cuts, severance and restructuring
Our summaryThe filing notes that Indian labor law makes it difficult to discharge employees or downsize, but it does not report any layoff or workforce reduction by the company.
Word for word“This may make it difficult for us to maintain flexible human resource policies, discharge employees or downsize, which may adversely affect our business, financial condition and results of operations.” 20-F for 2020
Our summaryThe acting CEO of KCM announced that the provisional liquidator would reorganize and restructure KCM into two subsidiary companies.
Word for word“Notwithstanding the Court of Appeal’s judgement, on December 28, 2020, KCM’s acting CEO announced a ‘reorganization and restructuring’ of KCM by the provisional liquidator into two subsidiary companies, KCM Smelter Co Limited and Konkola Mineral Resources Limited taking effect from February 1, 2021.” 20-F for 2022
Vedanta has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Vedanta’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020) and the financial data it files with the SEC, as of 2022-08-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.