<ul><li>Pharmaceutical major Dr. Reddy's Laboratories reduces employee costs by approximately 25%, including voluntary retirement for high-paid employees.</li><li>Employees aged 50-55 in the R&D division have been offered voluntary retirement, and high-salaried employees across various departments have been asked to resign.</li><li>The downsizing aligns with Dr. Reddy's efforts to enhance operational efficiencies and could result in a potential shutdown of the therapeutics division and downsizing in the nutraceuticals arm.</li><li>A 25% reduction in workforce costs could yield annual savings of approximately Rs 1,300 crore for the company.</li></ul>

Dr Reddy's Undertakes 25% Wage Bill Cut; High-Paid Employees Offered Voluntary Retirement: Report

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