electric Scooter manufacturing company Ola Electric Mobility has laid off 500 employees as part of the restructuring process at different levels. People associated with the matter say that Ola Electric has started these layoffs from the September quarter. While a source said that this process has been going on by Ola Electric for a long time and it was started around July this year. The source said that this is a gradual process of firing extra people from different departments and different levels of Ola Electric.
The company resolved 99.1 percent of the 10,644 complaints received from CCPA.
This process of layoffs being conducted by Ola Electric is expected to be completed by the end of this month. Let us tell you that the company had recently faced a lot of criticism for poor and poor quality service after the sale of scooters. Earlier this month, the Central Consumer Protection Authority (CCPA) had ordered a detailed investigation into complaints related to Ola Electric’s service and defects in its electric scooters. The company said last month that it had resolved 99.1 percent of the 10,644 complaints it received from the CCPA.
Ola Electric shares closed with good gains on Friday
On Friday, shares of Ola Electric closed at Rs 69.14 with a gain of Rs 1.90 (2.83%). The company’s shares started today with a decline. However, due to increase in buying during trading, there was a good jump in the share price. Shares of Ola Electric traveled from an intraday low of Rs 66.60 to an intraday high of Rs 69.50 during trading today. Let us tell you that after the action of CCPA, there was a huge fall in the shares of the company. The 52 week high of Ola Electric shares is Rs 157.53 and 52 week low is Rs 66.60.
