04
Aug
14:30
SAIL lowers employee numbers with voluntary retirement scheme
Indian steelmaker SAIL has reduced its workforce using a process of voluntary retirement, the company says in a posting to the stock exchange monitored by Kallanish.
“In line with the consistent efforts for enhancing productivity, improving manpower profile, rationalisation of manpower and improving manpower cost the company implemented voluntary retirement scheme from 1 May 2016 to 30 June 2016 at all its plants/units,” state-owned SAIL says in a st…
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Anonymous
Very good overview of the weekly steel market.
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