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    Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu - Forum

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    Forum » Main » World News » Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu (video)
    Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu
    ManuDate: Thursday, 05-September-2019, 9:25 AM | Message # 1
    --dragon lord--
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    Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu Auto Hub


    NDTV
    Published on Sep 5, 2019

    In Chennai's Ambattur, a hub for tiny auto component manufacturers, machine operator Sahaya Marym was pushed out of her job of 10 years. With no means of income, she had to take a loan from a private money lender at a very high interest rate. Unable to pay off her debt, she has now pledged the little gold that she owned. "I don't know whether to eat, pay rent or repay my loan," she says. A widow, Sahaya Marym lives in a two-room rented house. Left with no option, she is now looking for a housekeeping job. Job losses due to the economic slowdown are pushing hundreds of sacked workers into a debt trap in Chennai, a city dotted with auto component manufacturers.


     
    Forum » Main » World News » Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu (video)
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