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Manpower issues: Staff rationalisation to continue in FY19, says SAIL

Its employee total was 76,800 as on April 1, from 118,000 in the year 2010 - 16 per cent of total cost, from the earlier 21 per cent

SAIL

State-owned Steel Authority of India (SAIL) still lags private sector peers on employee cost, despite trimming the size of its workforce for eight years. Its employee total was 76,800 as on April 1, from 118,000 in the year 2010 – 16 per cent of total cost, from the earlier 21 per cent. Around 5,000 retire annually and hiring has been about 500 a year. “The company is constantly working towards bringing efficiency by reducing the employee cost,” according to SAIL spokesperson. The employee cost of Tata Steel is around 14 per cent of the total, with a ...