Kolkata: AV Birla group company Hindalco Industries Ltd will wait at least two to three years before integrating its human resource management policies with that of its newest acquisition — aluminium rolling company Novelis.
“Normally, we allow the company we acquire to run its own policies before takeover for two to three years before we implement our group’s own internal policies including human resource management,” Hindalco HR VP Aumit Raye said here on 13 June.
“The idea is to give a cool-off time and allow them to understand our internal policies before we implement our group’s policy,” he said speaking on the sidelines of an interactive session on talent retention with members of the Bengal National Chamber of Commerce and Industries.
Raye said cultural integration was a key issue and a time consuming process.
“Despite acquisition of Indal several years ago, partial cultural integration issues persists,” he said.
Novelis, the world’s largest producer of rolled aluminium and the largest re-cycler of aluminium cans has 12,500 employees in 11 countries.
Raye agreed that lack of talent availability sometimes delayed the process of expansion projects implementation.
Meanwhile, Raye said that Hindalco will focus on the upstream like mining and refining capacities while downstream growth was likely to be on international soil.