Steel Authority of India (SAIL) has directed its Rourkela Steel Plant (RSP) to develop a five-year strategic workforce roadmap (SWR) for the period for 2025-26.
RSP aims to cut the workforce strength by 5,000 to 6,000 employees, in an effort to become lean and achieve more cost efficiency.
SAIL has identified high labour costs as a critical issue, accounting for over 11% of total expenses, and plans to improve labour productivity.
RSP may introduce another voluntary retirement scheme (VRS) to further reduce staff, following the last VRS offered in 2019.