The company’s chairman has given a big assurance to the employees of India Cement. India Cement’s Vice Chairman and Managing Director N Srinivasan has assured his employees that despite the ownership of the company going to UltraTech, no one needs to feel insecure. According to the news of Bhasha, UltraTech Cement, a company of Aditya Birla Group, has announced to buy 32.72 percent stake in India Cement from its promoters for Rs 3,954 crore. Apart from this, there is a plan to take an additional 26 percent stake from shareholders for Rs 3,142.35 crore.
You should work with full enthusiasm
According to the news, the employees of the company seemed a little apprehensive about their future due to this announcement of change in the ownership of India Cement. The company’s head Srinivasan tried to dispel these fears on Monday. Addressing about 300 employees, he said that no one needs to feel insecure or afraid in India Cement. Its future is as strong as it was when I was in charge of it. You work with full enthusiasm and everything will be as before. The future is good.
No change in the career of employees
Srinivasan also said that the ownership going to UltraTech does not mean any change in the career of employees. He said that the chairman of Aditya Birla Group himself has assured me that he will continue the policy that has been going on in the company for a long time. There will be a place for everyone and good employees will be rewarded. On this occasion, Srinivasan also mentioned the impact on the business due to the increased cost of production. Employees have got hope of relief from this assurance given by the chairman of the company.
