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DLF to recast business, may shed staff

BS Reporter in New Delhi | January 21, 2009 11:49 IST
Last Updated: January 21, 2009 12:06 IST

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DLF, the country's biggest real estate developer, is restructuring its business verticals through a major human resource redeployment to boost efficiency and productivity.

The move may lead to a further reduction in its workforce at several recession-hit businesses, which the company denied. The New Delhi-based firm plans to restructure verticals such as homes, offices, retail, special economic zones, hotels and infrastructure, according to sources.

At present, all of these verticals have separate human resources, accounts and marketing departments. The DLF move to rationalise its workforce has come in spite of a decline in its employee strength in recent months. While the employee count as on March 31, 2008, was 3,700, it is now at little over 3,000.

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