Bajaj Allianz General lays off 350 staff

Hit by recession and unhealthy price competition in the domestic general insurnace industry, the Bajaj Allianz General Insurance Company, second largest private sector non-life insurance company, has laid off 350 staffs. The latest lay off number is big compared to the figure of the last fiscal when nearly 200 staff of the company were issued the pink slip. Confirming the development, Swaraj Krishnan, chief executive officer, Bajaj Allianz General Insurance, told FE that Laying off the staff was the part of the company s normal strategy and the staff that have been laid off this fiscal so far were working in ...

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