"Ranbaxy has no plans to reduce its workforce either in the next 3 or 12 months," a Ranbaxy spokesperson told PTI in an emailed response.
The company has been reported to be retrenching staff.
Denying that any such step was taken or planned, the spokesperson added: "We will continue to improve our productivity and performance and ensure optimal use of resources for sustainable, long-term growth."
Company chief executive officer and managing director Arun Sawhney had said in his address to shareholders in the annual report that it has a team of over 14,600 people globally, represented by more than 50 nationalities.
"Today, there is a sharper focus on training, learning and development to build leaders and a skilled workforce that can compete in the competitive global environment," he had said.
Sawhney had also said that the company had initiated a project aimed at designing a new organisation structure to remain relevant and succeed in today's 'volatile competitive market'.
The project was initiated as a ‘strong need was felt to realign the organisation and simplify structures and work processes, increase collaboration, accountability and maximise efficiencies across the company, thereby making Ranbaxy a responsive, nimble-footed and successful organisation’.
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