Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Larsen & Toubro (L&T) to Hire 1,500 People This Year

Yogi Sriram, senior vice president - Corporate HR, Larsen & Toubro, said that L&T's employee attrition rate of around 5 per cent was among the lowest in the industry.

PTI

Updated:April 24, 2019, 5:54 PM IST
facebookTwitterskypewhatsapp
Larsen & Toubro (L&T) to Hire 1,500 People This Year
File photo of L&T logo.

New Delhi: Infrastructure giant Larsen & Toubro (L&T) plans to hire 1,500 people this year, the same as in previous years, a top company official said.

"The company's manpower strength stood at 42,924 as on March 31, 2018 as compared to 41,466 as at March 31, 2017. On an average, we hire close to 1,500 people across functions every year and we see no discontinuity in this practice unless business dynamics change drastically," Yogi Sriram, Senior Vice President - Corporate HR, Larsen & Toubro, said.

Sriram added that L&T's employee attrition rate of around 5 per cent was among the lowest in the industry.

L&T recently made a hostile takeover bid for mid-sized IT services firm Mindtree. However, the company's founders have resisted the unsolicited acquisition bid, citing differences in corporate culture and other factors.

Elaborating on L&T's HR practices, Sriram said: "We are putting a greater emphasis on ensuring wider participation of women and frame policies to enable their career growth."

Women employees are not just deployed in IT and finance roles, but are also present in core engineering jobs like heavy engineering shops, construction projects and defence engineering projects, he said.

Asked whether there will be job cuts as the company opts for digitisation, Sriram said, "There have been no lay-offs and the exits were limited to reasons of non-performance."

The company's Leadership Development Academy (LDA) at Lonavala has been set up for learning interventions, he said, adding that an artificial intelligence driven digitalised platform, called ATLNext, caters to the learning needs of its workforce.

Business magazine Forbes had listed L&T among the 'World's Best Employers' for 2018. The list, based on Forbes' Global 2000 rankings of publicly traded companies in 60 countries, placed L&T at number 22, making it the highest-ranked Indian firm across all sectors.

L&T has acquired Cafe Coffee Day owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market. Besides, an open offer has been made to buy over 5.13 crore shares, amounting to about 31 per cent stake.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 657.85 -14.33
Yes Bank 55.90 8.75
Reliance 1,424.40 0.57
HDFC Bank 1,248.45 1.58
TCS 2,060.50 0.15
Company Price Change %Gain
Infosys 658.35 -14.25
HDFC 2,126.85 1.50
Yes Bank 55.85 8.66
IRCTC 864.25 10.92
Indiabulls Hsg 244.30 5.53
Top Gainers
Company Price Change %Gain
Yes Bank 55.90 8.75
ICICI Bank 454.35 3.78
Bharti Airtel 395.10 3.02
Grasim 764.75 2.44
Hero Motocorp 2,703.15 2.15
Company Price Change %Gain
Yes Bank 55.95 8.85
ICICI Bank 454.20 3.76
Bharti Airtel 395.35 3.16
Hero Motocorp 2,703.40 2.18
SBI 274.50 1.80
Top Losers
Company Price Change %Gain
Infosys 657.85 -14.33
HCL Tech 1,068.40 -2.47
Tata Motors 134.25 -1.90
Tech Mahindra 723.00 -1.53
Asian Paints 1,797.40 -1.07
Company Price Change %Gain
Infosys 658.35 -14.25
HCL Tech 1,068.65 -2.49
Tata Motors 134.30 -1.76
Asian Paints 1,797.45 -1.05
Coal India 204.95 -0.49

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results