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Bankruptcy before Diwali? Wipro to shut Chhatrapati Sambhajinagar project
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News18•17-10-2026, 20:21
Bankruptcy before Diwali? Wipro to shut Chhatrapati Sambhajinagar project
- •The Wipro company unit in Waluj MIDC has been running at a loss for the past five years, prompting management to issue a closure notice affecting 208 workers.
- •Receiving the closure notice right on the eve of Diwali has created panic and resentment among workers who have served the company for 28 to 33 years.
- •The company stated that rapidly changing market conditions, declining demand for traditional lighting products like GLS bulbs, and rising operational costs led to this decision, with the facility officially closing on December 10, 2026.
- •While management introduced a Voluntary Retirement Scheme offering around seven and a half lakh rupees, workers have rejected it, demanding continuous employment until age 58 and planning a legal fight.
Key Questions Answered
The facility is closing due to five years of operating losses, changing market conditions, rising raw material costs, and a significant decline in demand for traditional lighting products like GLS bulbs as the market rapidly adopts LED technology.
The sudden closure of the plant affects 208 workers, many of whom have dedicated 28 to 33 years of service to the company.
The management has introduced a Voluntary Retirement Scheme (VRS) offering approximately seven and a half lakh rupees. However, the workers have rejected this amount, demanding instead to remain in continuous employment until they reach the age of 58.
