Dr. Reddy’s denies workforce value discount train 

Pharma main Dr. Reddy’s Laboratories has denied it has launched into an train geared toward a 25% workforce value discount.

The corporate on Monday night dismissed a media report which, citing sources, mentioned the Hyderabad-headquartered generic drugmaker, as a part of a 25% workforce value chopping train, had requested a number of staff drawing comparatively excessive salaries, particularly lots of these incomes over ₹1 crore yearly, to resign.

“We categorically deny the declare of a 25% workforce value discount and the opposite claims talked about,” Dr. Reddy’s mentioned in a submitting with the inventory exchanges. The corporate doesn’t touch upon market speculations and there may be presently no such occasion or info which requires a disclosure, it mentioned.