Atul Ltd 2015-16

55 Management Development Programs (to enhance functional and behavioural competencies) which an employee is expected to go through, depending upon his (her) grade. The number of employees (as on March 31, 2016) increased marginally by 8 from 2,760 to 2,768. The increase in numbers in Marketing and Research and Development has been more than offset by the reduction in numbers in Manufacturing. The number of employees comprises those working in the Company and also in its non-manufacturing subsidiary and associate companies, but not those working in manufacturing subsidiary, joint venture or associate companies. Long-term settlement with all the Unions at Atul Complex was signed on the same day and the agreement was reached to further enhance people productivity. The settlement period was increased from 4.5 years to 5 years. Employee Relations at all locations remain cordial, and the endeavour is to completely eliminate the divide that sometimes separates the managers and the workmen and use the strengths of everyone to boost the performance of the Company.