Steel Authority of India, one of the country's largest employers, is planning to trim its workforce by nearly 10% in 2014-15. SAIL which now employs nearly 1.01 lakh employees, expects to reduce its strength to about 90,000. The move coincides with SAIL's target to double its production capacity to 24 million tonne (mt) by March 2015. The new capacities being added involve a new generation of technology. It will thus entail a major exercise to build managerial capability, enhance technical competence and bridge critical skill gaps across the organization.
Read the Economic Times news report here.