Mumbai: Bucking the current trend of job lay-offs and salary cuts worldwide, the RPG Group has said that it is hiring plans for this fiscal is on track and has already hired 34 interns.
“Our hiring plans are very much on track. This year, we hired 34 interns who have worked with various group companies over the summer,” RPG Enterprises President Corporate Development and Human Resources Arvind Agrawal said.
“They would be associated with RPG Enterprises and its group companies from May 2009,” he added.
Last year, the company had hired 30 summer interns.
Asked whether the group, with a present headcount of 42,000, was mulling wage-cuts or lay-offs, Agrawal said: “We take a decision on increments and on hiking or trimming salaries in July, like we do every year. We still have 7-8 months to go.”
With recession plaguing economies across the world, leading to a general economic slowdown, many corporates have resorted to trimming of salaries, perks and allowances, besides issuing pink slips to their employees.
In October, Naresh Goyal-led Jet Airways had laid off 1,900 of the crew, which it was later forced to take back.
Loss-making Kingfisher Airlines too sacked 300 of its employees and has also effected a 90% cut in salaries of its 50 trainee pilots.
American Express, early last month, downsized its workforce in India by about 100 employees, joining the league of companies, which have already resorted to cost-cutting to tide over the current downturn.