Britannia Factory: FMCG sector giant Britannia is going to close one of its factories, which was opened in 1947 at the time of the country’s independence. This historic factory located in Kolkata, West Bengal is Britannia Industries Limited (Britannia Industries) is the oldest production unit of. Marie Gold to Britannia (Marie Gold) and good day (Good Day) is known for making biscuits like. All the permanent employees working in this factory of the company have taken VRS.
Closing the factory will not affect any employee.
Britannia had announced the closure of this factory through an exchange filing. This factory, built in 1947, played an important role in taking the company across the country. It is built in Taratala area of ââKolkata. The company said that closing the factory will not have any adverse effect on any employee. All Employees Voluntary Retirement (Voluntary Retirement Scheme) have taken. Also, the company’s business will not be affected due to the closure of this factory.
Running the old factory is no longer beneficial for Britannia
It has been claimed in many media reports that running this old factory is no longer economically beneficial for Britannia. This factory located in Kolkata is spread over about 11 acres. Its lease from Kolkata Port Trust is till 2048. Till now Britannia has not given any information about its plans regarding this land. At present this land will remain with Britannia for 24 years.
The closure of the factory will not affect the company’s revenue.
According to reports, the closure of this factory will affect approximately 150 employees., The company has informed all the stakeholders that the closure of the factory will not affect the company’s revenue., On Monday, Britannia shares closed 0.34 per cent lower at Rs 5,311.95 on BSE.
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