BHEL to recruit 11,000 people in 12th Plan

In the 11th Plan period, the public sector power equipment major, BHEL, recruited 7,266 people more than the number of employees who retired. However, in the 12th Plan period, manpower addition, net of retirement, is likely to be close to zero. The company told analysts recently that it would recruit 2,200 people a year during the 2012-17 period, but that would be only as many as the number of people who retire. “Given the current cost pressures and competition in the industry, BHEL intends to only replace retiring employees,” says a report of Edelweiss. BHEL’s Chairman and Managing Director, Mr B P Rao, told analysts recently that the total number of employees would “more or less remain constant, because we have already done major recruitment in the past.” The company has about 48,000 employees. more at: http://www.thehindubusinessline.com/companies/article3569551.ece