New Delhi, Nov 16: Amidst fears of pink slips and retrenchments sparked
off by the global financial crisis there's good news on the employment front
with British Telecom and Bajaj Auto affirming that there will be no job cuts
despite the slowdown. Even Deloitte, Metlife, Bajai Auto and Maruti are
increasing their headcount.
British Telecom, which last week announced plans to cut 10,000 jobs, or
6.3 per cent of its global workforce, has confirmed that retrenchment would not
affect their India operations which employs over 20,000 people directly and
indirectly.
"The majority of the job cuts will be in the UK with the rest peppered
around the world and not just in India," a BT spokesperson said.
Bajaj Auto on Sunday said there was no case for any layoff in the company
even though there has been a cut in production. "Unlike the IT or services
industries where the total cost of an employee is 16-18 per cent, in our case
it is 3.5 per cent... so if I sack or reduce employee numbers it will not help
me much. So why should I get bad reputation?" said the Bajaj Auto chairman, Mr
Rahul Bajaj.
Private sector insurer MetLife India on the other hand said it plans to
hire about 2,000 managers as well as 30,000 advisors by March. "India promises
phenomenal growth opportunities for the insurance business in the long term and
to realise its potential, it is the right time to acquire resources as they are
available at lower valuations due to the economic slowdown," said, the MetLife
India Insurance Co's managing director, Mr Rajesh Relan.
Maruti Suzuki India is equally upbeat and will increase its total
headcount of 7,350 by the end of this year even while Tata Motors has
disengaged 700 temporary workers at its Jamshedpur plant. "We plan to take the
total employee strength to 7,350 by the year end with the addition of 60 to 70
employees," the Maruti Suzuki managing executive officer, administration, Mr
S.Y. Siddiqui said.
Global management consultancy firm Deloitte Touche Tohmatsu is benefiting
from the global crisis as its clients are seeking advice in dealing with cost
cutting measures. It will ramp up its headcount in India by 3,500 to 12,000
employees in the next three years.
Meanwhile, Cairn India has started a recruitment campaign to staff its
Rajasthan operations with more than 300 key positions for various roles.
http://www.deccanchronicle.com/Business/Business.asp
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