The job cuts are taking place at the mining giant's Indian arms Vedanta Aluminium, Balco, Cairn India and Sesa Goa - the iron ore business in Goa. Of the around 4,000 job losses, about 2,700 are direct and the rest are indirect.
Balco accounts for 1,000 job cuts and Vedanta Aluminium for around 2,000. Sesa Goa as well as Cairn India have already slashed up to 450 jobs each, so far.
While Vedanta Aluminium, Balco and Sesa Goa confirmed job cuts, sources said Cairn India too had slashed jobs.
On the retrenchment, a Vedanta spokesperson said, "Global cost curve has to be kept in mind as we work in unified competitive environment and hence, cost reduction has become need of the hour so as to remain competitive in a global melt down condition which all of us have to face."
It is with this background, the company are forced to trim the workforce and restructure the businesses and optimise costs which can suit the new operating level, the spokesperson added.
"Our local management teams are actively managing this with their local stakeholders," the spokesperson said.
Last month, Vedanta Aluminium's Chief Executive Abhijit Pati said the firm has started closure of one of the production streams, which will lead to the Lanjigarh facility’s output declining by half.


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