Brief by Shorts91 Newsdesk / 04:22pm on 24 Jun 2024,Monday Business
Britannia Industries will close its 77-year-old Taratala biscuit factory in Kolkata, affecting around 150 workers. The decision stems from "economic viability issues," with all affected employees accepting Voluntary Retirement Scheme (VRS) packages. The closure is part of a broader strategic shift, following the shutdown of older factories in Mumbai and Chennai. Established in 1947, the Taratala facility holds historical significance as one of Britannia’s earliest production units. Despite the closure, Britannia plans to invest Rs 300-350 crore in a new facility in Bengal, maintaining its strong market presence in the state.
