– Maintains high output, no pay cuts and has full workforce during lockdown
– Special HR initiative to bring the workforce back in full force
– Fully compliant production facility ensures optimum production and quality
Mumbai, India, November 4, 2020 / PRNewswire / – Finolex Cables Ltd., Of india The largest and leading manufacturer of power and telecom cables, has achieved an average 15% to 25% increase in productivity during post lockdown, demonstrating the company’s commitment to stakeholders due to stringent measures and compliant processes. Centered around the various guidelines issued by the central and state governments, Finolex Cables Limited has taken a number of stringent steps and introduced guidelines to ensure employee safety as well as near-normal operations. A cross-functional COVID response team has the core to initiate and maintain high levels of productivity in their facilities to monitor daily status and initiate appropriate actions.
In addition, Finolex Cables Limited organized a safety awareness campaign among employees, as well as implementing a four-tiered Coved-19 preparedness strategy, including screening and monitoring, prevention and awareness, disinfection, sanitation and social Distinction is included. The company distributed free homeopathy medicine, regular steam activities and continuous engagement activities were carried out at various points to educate the employees on various occasions.
To maintain their HR First Approach, Finolex Cables Limited also paid full pay to the entire workforce of 3000, including both full-time and part-time contractors during the lockdown period. This step ensures employees remain loyal to the company and return to work when the lockdown is lifted. The chairman and CFO were personally involved with approving employees traveling outside the city with 14 days of quarantine for any passengers. The company provided transportation to employees and encouraged travel through its vehicles and carpooling. Instead of crowding into the plant cafeteria, employees were allowed to eat at their desks.
Mr. Deepak Chhabria, Executive Chairman, Finolex Cables LimitedStated, “In my 30 years of business experience, never before has a company experienced such disruption. The COVID-19 epidemic initially disrupted the execution of the project as migrant laborers were stranded in their native places due to unprecedented lockouts. This was during a time when the company decided to organize flight tickets, cars and buses to bring its employees back safely. Along with transportation, the company also organized special quarantine centers for all its employees who were traveling back from other cities. “
“We are taking decisive action to help ensure our continued competitiveness, financial flexibility and business continuity in the new normal. However, things are beginning to return to normal and today we are moving closer to our pre-COVID operational level, ”he said.
About Finolex Cables Limited
Founded in 1958, Finolex Cables is Of India Largest and leading manufacturer of electrical and telecommunications cables. It has recently become a full-fledged electrical products company diversifying into the fast growing electrical goods (FMEG) segment. The long journey over five decades is anchored on the pillars of manufacturing excellence, innovation focus and technology edge. They have built a strong relationship with institutional and retail customers, while maintaining the highest standards of quality and service. Finolex Cables has installed four modern state-of-the-art plants. These manufacturing plants are located at Pimpri (Pune), request (Pune), Goa and Roorkee (Uttarakhand).
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