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DLF Denies Job Cut
| October 30, 2008 |  (Be the first to rate this story!) Loading ... |
DLF Ltd., the nation’s biggest real-estate developer, on Oct. 23 denied a report in the Economic Times newspaper that it planned to cut jobs. Companies in India don’t have the option to fire people because of the prevalent labor laws, the Federation of Indian Chambers of Commerce and Industry, or Ficci, another industry grouping, said in an e-mailed statement yesterday.
“The critical question is not how many jobs would be lost, but rather how the growth momentum could be maintained to generate gainful employment for the additional 12 million people who would be joining the workforce annually,'’ the federation said. “Feedback gathered by Ficci shows it is fresh hiring that has gone into a slowdown mode and therefore steps must be taken to revive growth.'’
News Published Under: Real Estate Developers |
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