Bhel freezes new hirings, only filling up vacancies

Bhel has decided to limit its recruitment to only filling up the existing vacancies. The decision comes at a time when the domestic power sector, the main stay of Bhel is seeing slowdown primarily due to acute fuel shortages and financial woes. “We are going to fill up the wastages (vacancies), right now we are waiting and watching what happens to the business environment,” Bharat Heavy Electricals Ltd Chairman and Managing Director B P Rao told PTI in an interview. "Our current workforce is (about) 48,000 and it is not going to go up, we are only filling wastages for this (fiscal) year, we have taken this step,” Rao said. However, he emphasised that the company has not frozen its hiring plans. Elaborating on the decision to not hire for new positions, Rao said, “it (recruitment) is not freezing … I am recruiting 2,000 people every year, it is mostly (to fill up posts vacant due to) retirement”. Interestingly, the public sector enterprise saw its employee strength rising by nearly 3,000 last financial year compared to 2010-11 period. more at: http://www.firstpost.com/business/slowdown-bhel-freezes-new-hirings-only-filling-up-vacancies-543568.html