Multinational conglomerate Larsen & Toubro (L&T) is experiencing a "severe" shortage of skilled labor across various projects, attributed to factors such as extreme weather conditions and disruptions caused by elections, according to managing director SN Subrahmanyan. He added that the company is currently short of approximately 25,000-30,000 laborers.
The Engineering, Procurement, and Construction (EPC) sector in India is indeed grappling with a shortage of skilled labor. One of the key factors contributing to the shortage is climate change, executives point out that extreme weather conditions have caused laborers to drop out of projects.
"We have specific a HR for Labour. We have private labor colonies... we also taken measures to transport people in buses, taking measures to give them health and energy drinks during breaks. Early morning when they come to us, we give them breakfast late night when they go we give them dinner. So such arrangements have been made," said Subrahmanyan.
He further pointed out the shortage of engineers in its IT business. "There is a need for about 20,000 engineers within L&T... We are augmenting the shortage with training centres to upskill the with necessary requirements," he added.
There is also 10 to 12 percent attrition at Larsen & Toubro, Subrahmanyan pointed out.
LTIMindtree and L&T Technology Services vice chairman SN Subrahmanyan will take over as chairman on June 27. SNS, as Subrahmanyan is popularly known, joined the Board of L&T Infotech on January 10, 2015, and was made the vice chairman on May 4, 2017.
“SNS has played a stellar role through his thoughtful guidance and constructive inputs in the growth of LTIMindtree. He was also instrumental in the acquisition of Mindtree in 2019 and then led the merger of L&T Infotech and Mindtree,” the company said.
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