Financial Daily from THE HINDU group of publications
Friday, Mar 26, 2004
Financial Daily from THE HINDU group of publications Friday, Mar 26, 2004 |
||
|
|
||
|
Corporate
-
Human Resources Industry & Economy - Petroleum ONGC eyes staff from other oil retailing cos Archana Chaudhary
Mumbai , March 25 EMPLOYEES jumping on to a rival bandwagon is an old bane, more familiar to fast-moving consumer goods (FMCG), banking and mutual fund companies. Even State-owned oil companies have seen their well-trained talent jump ship to private sector upstarts. But the newest employee-magnet in the oil retailing business is, for a change, a PSU mammoth. ONGC Ltd is "looking towards other oil marketing companies", according to a senior official, for recruiting experienced professionals for its fledgling marketing business. In simple words, the oil major is trying to poach senior staff of public as well as private sector oil retailers. "We are looking at taking on some 45 to 50 people. Most of these, we hope to bring in from other oil marketing companies. We have already started making offers," a senior official told Business Line. The oil explorer, which employs about 40,000 people, currently has only a small team of a dozen employees handling the marketing of about 25 mmtpa of crude that it drills out, apart from naphtha and distillate. This compared to oil marketing major BPCL, where almost half its workforce of 12,000 handles retail. It now needs marketing professionals to sell petrol and diesel through retail outlets that it would be setting up over the next several months. "We are mostly an upstream company handling the exploration and production of crude oil. Selling petrol and diesel is a new business. And the best way to enter it is to recruit people with experience and expertise," the official said. ONGC has permission to put up 1,100 transport fuel outlets across the country. Its subsidiary Mangalore Refinery and Petrochemicals has separate permission to set up another 500 retail outlets under its own brand name. It needs marketing professionals to sell petrol and diesel through retail fuel outlets that it would be setting up over the next several months. This is the second round of recruitments by the company. ONGC had last year employed senior officials for setting up a marketing shell for subsidiary MRPL. "Other oil marketing companies have already begun complaining to the Government. IOC had even written a letter to the ministry in September-October 2003 asking the Government to stop ONGC," an industry source said. Among the full-time directors on ONGC's board, the Chairman and Managing Director, Mr Subir Raha, an ex-Indian Oil man, is perhaps the only one with hands-on experience in the downstream sector. But in the absence of Government clearances, the PSU has been unable to offer possible recruits from public and private sector with packages that are "lucrative enough", the source said.
More Stories on : Human Resources | Petroleum
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|