MM Forgings: 0 jobs cut
MM Forgings, a Chennai-based auto component manufacturer, announced plans to deploy 100-150 robots across its facilities to address manpower shortages and rising labor costs. The company's CMD stated that each robot can replace roughly 3% of workers, with automation becoming necessary as the manufacturing sector faces competition for workers from the services industry. The robot deployment is part of a broader ₹160-200 crore capital expenditure plan for the next fiscal year.
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MM Forgings plans to deploy up to 150 robots amid manpower shortage - The HinduBusinessLine
MM Forgings plans to deploy up to 150 robots amid manpower shortage - The HinduBusinessLine ##### SENSEX 77,566.16 -1,352.74 ##### NIFTY 24,028.05 -422.40 ##### CRUDEOIL 9,373.00 + 1,010.00 ##### GOLD 160,146.00 -1,488.00 ##### SILVER 266,998.00 -1,287.00 ##### SENSEX 77,566.16 -1,352.74 ##### NIFTY 24,028.05 -422.40 ##### NIFTY 24,028.05 -422.40 ##### CRUDEOIL 9,373.00 + 1,010.00 ##### CRUDEOIL 9,373.00 + 1,010.00 ##### GOLD 160,146.00 -1,488.00 # MM Forgings plans to dep