Cairn India controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2015
Cairn India clarifies reports of job cuts
Company response
After an exchange sought clarification about a report that Cairn India had cut 250 jobs, the company said the newspaper had speculated and that resource realignment could include human capital while maintaining performance and operations. The source does not establish that the reported cuts occurred.
Company response
Clarification — Cairn India Ltd
Cairn India Ltd has replied stating that "While the referred newspaper speculated on the issue, it may be noted that the Company continues to focus on its key projects to deliver on its commitments while simultaneously working on resource optimization to drive efficiencies for value generation.
Source excerpt
Cairn India Ltd has replied stating that "While the referred newspaper speculated on the issue, it may be noted that the Company continues to focus on its key projects to deliver on its commitments while simultaneously working on resource optimization to drive efficiencies for value generation.
The Exchange had sought clarification from Cairn India Ltd with respect to news appearing on The Economic Times on February 20, 2015 titled "Crude Jolt: Cairn India Cuts 250 Jobs".
This at times may include some realignment of the resources including human capital but at the same time ensuring that there is no impact on the performance or operations of the Company.