India sees strong hiring amid global firing
Even as thousands are losing their jobs worldwide on deteriorating economic condition, India has a reason to cheer, in just one week several firms have unveiled plans of hiring around 40,000 people in the country.business Updated: Nov 16, 2008 20:25 IST
Even as thousands are losing their jobs worldwide on deteriorating economic condition, India has a reason to cheer — in just one week several firms have unveiled plans of hiring around 40,000 people in the country.
Private insurer MetLife India is recruiting about 2,000 managers and 30,000 advisers in the coming months. Global management consultancy firm Deloitte Touche Tohmatsu is looking to hire 3,500 employees in the country. Infrastructure major Larsen & Toubro will also add 10,000 jobs in next 3 years, while Maruti Suzuki India said it is going ahead with its hiring plans.
On the contrary, in just less than a week, corporates, right from the US to UK have announced job cuts amounting to nearly
30,000. The latest job cuts have been announced by firms including Citigroup, British Telecom and Royal Bank of Scotland.
The country’s largest carmaker, Maruti Suzuki India, is going ahead with its hiring plans and expects to have a total headcount of 7,350 by the end of this year. The total headcount is currently at 7,200. Maruti is also in the process of
strengthening its research and development strength to 1,000 by 2010.
“We are planning to increase our headcount to 12,000 by 2011 from 8,500 at present,” said Chaly Mah, Asia Pacific CEO, Deloitte. “The hiring would be focused mainly in our advisory business.”
L&T said on Sunday that it would be adding 10,000 new jobs in the next three years. “Over the next three years we expect to add about 10,000 new jobs in different businesses,” said AM Naik, chairman and managing director, L&T.