DLF to recast business, may shed staff

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.

Industry sources attributed the attrition rates to the general slump in real estate business. A DLF spokesperson said the restructuring was "an ongoing process to enhance the efficiency and productivity" of its business verticals.