RIL hires over 1,500 engineers; total head-count dips by 808 | business | Hindustan Times
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RIL hires over 1,500 engineers; total head-count dips by 808

Country's top corporate entity Reliance Industries added more than 1,500 engineers to its payroll but its total head-count dipped by over 800 employees during fiscal 2008-09, a period marked with massive job losses in India and across the world.

business Updated: Oct 25, 2009 15:23 IST

Country's top corporate entity Reliance Industries added more than 1,500 engineers to its payroll but its total head-count dipped by over 800 employees during fiscal 2008-09, a period marked with massive job losses in India and across the world.

One of the biggest employers among the non-IT private sector companies, Mukesh Ambani-led RIL had a total of 24,679 employees at the end of the latest fiscal, down 808 from 225,487 people at the end of the previous fiscal, according to company's annual report for 2008-09.

The total head-count declined -- the first dip for RIL in the past six years -- despite the company hiring more than 1,500 engineers during 2008-09.

Along with its subsidiaries such as Reliance Retail, the company had a total workforce in excess of 48,000 at the end of 2007-08, according to the company's annual filing for that year for its shareholders. However, RIL has not disclosed the total staff strength including that of subsidiaries for the year 2008-09, a period when there had been various reports of heavy job losses in its retail and SEZ businesses.

Besides, the average age of the employees at the company also increased from 34 years to 39 years during 2008-09, indicating higher job losses in the lower-age group staff.

The report said that RIL's human talent on Sunday is 24,679. This includes engineers, management graduates, accountants and other professionals.