Companis declare cut labor for cut and polish, who have not declared vacation
Vacations have started in diamond factories in the city, but the companies that are open have reduced labor by 10 to 20 percent. The diamond trade is in recession. Especially since the last 9-10 months, the demand in the diamond industry is low.
Further, it can be seen that, the affect in diamond industry of Surat. Due to which small and big companies of the city have kept vacations. Usually 7 to 10 days vacation is kept in diamond factories.
Although, this year vacations ranging from 20 days to 30 days have been announced, but some companies in the city have not declared vacations. Companies that have not declared vacations have reduced cut and polished labor by 20 to 30 percent.