ET reported that Punj Llyod is shifting its workforce from its UK based subsidiary to India particularly to its Delhi and Hyderabad centers as an effort to cut costs amid global economic slowdown.

Pinning hopes on infrastructure developments in the region the company is planning to hire over 2,000 persons about 15% of existing workforce during the fiscal with special focus on its centers in Asian countries including Delhi, Singapore and Abu Dhabi.

Mr Atul Punj Chairman of Punj Llyod Group told media that "Besides fresh recruitments, we are also rationalizing our employee base at our UK-based subsidiary Simon Carves to other centers particularly to Delhi and Hyderabad because of slowing down of gas and oil business in the West.”

Simon Carves specializes in design and construction of turnkey projects in the oil and gas, chemicals, refineries, nuclear and biofuels sectors.

(Sourced from Economic Times)