Thu, Oct 01, 2015, 10:24 AM
The Nutrine Confectionery Company at Chittoor is facing a lock-out. The company management has declared that it cannot run the company any longer. With this hundreds of workers face retrenchment. The company, that began in 1952, attained world wide recognition, with 3,000 workers and an annual turnover of Rs. 1,500 crore. But after changing several hands, it faced losses and has decided to declare a lock-out.