Chairman gave strong assurance to India Cement employees, said – no one needs to feel insecure
The chairman of the company has given great confidence to the employees of India Cement. India Cements Vice Chairman and Managing Director N Srinivasan has assured his employees that no one needs to feel insecure despite the ownership of the company passing to UltraTech. According to Bhasha news, Aditya Birla Group company UltraTech Cement has announced to buy 32.72 percent stake in India Cement from its promoters for Rs 3,954 crore. Apart from this, there are also plans to acquire additional 26 per cent stake from shareholders for Rs 3,142.35 crore.
You work with full enthusiasm
According to the news, due to this announcement of change in ownership of India Cement, the employees of the company appeared a little apprehensive about their future. Company chief Srinivasan tried to dispel these apprehensions on Monday. Addressing around 300 employees, he said that no person at India Cement needs to feel unsafe or afraid. Its future is as strong as it was when I was at the helm. You work with full enthusiasm and everything will be as before. The future is good.
No change in career of employees
Srinivasan also said that the transfer of ownership to UltraTech does not mean any change in the career of the employees. He said that the Chairman of Aditya Birla Group himself has assured me that he will continue the policy that has been followed in the company for a long time. There will be room for everyone and great employees will be rewarded. On this occasion, Srinivasan also mentioned the impact on business due to increased cost of production. This assurance given by the company’s chairman to the employees has raised hopes of relief.
