Jessop Plans To Boost Technology Post Ruia Groups Acquisition

Kolkata, September 29: | Updated: Sep 30 2003, 05:30am hrs
Jessop & Co Ltd has chalked out elaborate short-term, medium-term and long-term plans for doing the right thing at the right time, according to chairman PK Ruia.

Let me briefly dwell on just one aspect of the short-term plans. Computers and the use of information technology have earlier been sparingly applied in our company, Mr Ruia said while addressing the 71st annual general meeting of the shareholders here on Monday.

Incidentally, this is the first annal general meeting of the company after the Ruia Group bought the 72 per cent stake of the Union government in Jessop.

Mr Ruia said the new management is going full steam ahead implementing a systems-driven information network, which will immensely help control costs.

The simple objective of the company is to bring enough work to run the plant seven days a week in three regular shifts a day and to provide gainful employment to each and every worker of the company, he said.

Later, Mr Ruia told reporters that although around 60 per cent of the existing Jessop staff are surplus, there will be no retrenchment.