Parle, India’s largest biscuit maker, has indicated that it could lay off around 8,000-10,000 employees due to decrease in demand and consumption.

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The news comes in the wake of slowdown of the Indian economy, recently.

Talking to ET, Mayank Shah, category head of Parle Products, said:

“We have sought reduction in the goods and services tax… but if the government doesn’t provide that stimulus, then we have no choice but to let go of 8,000-10,000 people.”
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Parle Products makes the popular Parle-G, Monaco and Marie biscuits and employs around 1 lakh people across the country. 

Most of the company’s business comes from rural markets in India and with increased GST the brand has seen a huge decline in demand.