.New Delhi: Communicating at the 47th annual basic meeting of Reliance Industries, Mukesh Ambani, chairman and taking care of supervisor of Reliance Industries, said that the corporation produced 1.7 lakh brand new projects last year. The remarks followed a latest file of Reliance cutting off 11 percent of its workforce in FY24, which is around 42,000 employees. Ambani claimed that the provider has used new incentive-based employment designs in addition to typical straight jobs. "Rather than simply the standard straight work style, Dependence is accepting newer incentive-based styles. This assists the staff members make much better as well as instils the character of enterprise in them. That is actually why the straight job amounts present a small dip in the annual bodies, although the overall job generated by Dependence has actually climbed," Ambani pointed out. He further included that the provider in 2014 added over 1.7 lakh new work. "If our experts consist of both conventional and more recent engagement designs, the headcount today is almost 6.5 lakhs." Depending on to Dependence's annual document, the employee strength at the company stood at 3,47,362 in FY24 compared to 3,89,414 a year ago. The intake of new employees was actually slashed by more than a third to 1,71,116.
Posted On Aug 29, 2024 at 02:36 PM IST.
Sign up with the neighborhood of 2M+ market professionals.Register for our newsletter to get most recent insights & analysis.
Download And Install ETRetail Application.Obtain Realtime updates.Conserve your much-loved write-ups.
Browse to download and install Application.