Tata's global dream turns nasty
MUMBAI - "Be prepared for hard decisions," Tata group chairman Ratan Tata warned in a New Year letter addressed to 350,000 Tata employees worldwide, acknowledging the unprecedented troubled times facing the 140-year-old Tata dynasty, one of Asia's oldest and most respected conglomerates.
The challenges faced at Bombay House, the stately 84-year-old corporate home of the Tatas in the Indian financial center of Mumbai, must be unprecedented: Tata Motors is struggling to raise funds in the capital market, thousands of Tata workers face lay-offs, factories are being shut down, supposedly temporarily, top executives are considering taking pay cuts and newly
Tata's global dream turns nasty
By Raja Murthy
MUMBAI - "Be prepared for hard decisions," Tata group chairman Ratan Tata warned in a New Year letter addressed to 350,000 Tata employees worldwide, acknowledging the unprecedented troubled times facing the 140-year-old Tata dynasty, one of Asia's oldest and most respected conglomerates.
The challenges faced at Bombay House, the stately 84-year-old corporate home of the Tatas in the Indian financial center of Mumbai, must be unprecedented: Tata Motors is struggling to raise funds in the capital market, thousands of Tata workers face lay-offs, factories are being shut down, supposedly temporarily, top executives are considering taking pay cuts and newly
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