POSCO-India to recruit 7000 people by yr 2010

Bhubaneswar, Jun 6: POSCO-India, the Indian subsidiary of POSCO, the fourth largest steel manufacturer in the world, has projected direct employment to over 7,000 people by 2010, the target set by the company for completion of its first phase of 12 million tonnes Steel plant in Paradip in Orissa.

Keeping in line with POSCO's endeavour to create a truly Indian company, as high as 97 per cent of total employee strength would comprise Indians, during Phase I, the critical phase of the 12 billion USD POSCO-India project.

The employees, a press release issued by the POSCO-India, here said would be hired for various positions including the managerial positions, supervisors, consultants and general workers.

The Company, sources said would need highly skilled workers, managers and administrators at each level considering steel as a labour-intensive industry with complex technology.

The POSCO-India, keen to recruit talent from the state for its future manpower requirements would give priority to locals while recruiting in manufacturing, engineering, construction and administration department.

Ever since the signing of the Memorandum of Understanding(MoU) in June 2005 and the establishment of POSCO's Indian subsidiary in August 2005, the company has already recruited 75 employees of which over 40 were Indians.

This apart, about 140 Indians were engaged in the project through consulting companies in various studies, research and field work. A great number of employments for the ancillary industries would also be generated with the progress of the POSCO-India project.

POSCO-India Chairman cum Managing Director Soung-Sik Cho said with the expertise in steel production, the paradip project would help building a world class integrated facility in Orissa setting a benchmarks for the global steel industry.'' India, he said is expected to see significant benefits from the POSCO project with the creation of 48,000 jobs both directly and indirectly in the region and about 467,000 man years of employment during the construction phase.

UNI