Sunil Mittal against 'Hire and Fire' Policy

By siliconindia   |   Monday, 22 June 2009, 21:41 IST   |    9 Comments
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Sunil Mittal against 'Hire and Fire' Policy
Bangalore: Telecom czar Sunil Bharti Mittal said that 'Hire and Fire policy' is not going to be accepted in the country like India and asked Indian companies to be much more benevolent. In an interview to a private news channel, Sunil Bharti Mittal, Chairman, Bharti Group said, "We have to be much more benevolent and care taking of our labor force and our people. That is the philosophy I hold very dear to myself. And I think all industry players must follow the same." There will be times of distress for corporate houses and this can force them to take the steps which have solution. Mittal urged to create a platform where government and industry both can hold discussions on such a subject. Corporate houses need to bring more flexibility from time to time to help companies know how to behave during bad phase, said Mittal. Corporate houses, both in India and abroad, have resorted to job cuts to stay afloat amid the global economic crisis.