Vedanta to reduce staff; cut cost by 30%

Vedanta Resources, a global metal and mining company led by Non-Resident Indian billionaire Anil Agarwal, is looking to rationalise its workforce and reduce overall costs by 30 per cent to tide over the global economic downturn.

Besides optimal utilisation of its existing workforce, Vedanta intends to reduce its overall expense by 30 per cent by adopting efficient practices at workplace and harmonizing fresh intake of employees in tune with its expansion plans.