Sunday, March 18, 2007

No-poaching pact signed between Bharti and Reliance

After several brutal rounds of poaching, Bharti Enterprises and Reliance Retail have reportedly signed a no-poaching agreement with a one year validity that will ensure that retail professionals do not switch jobs and pass on vital information. Reliance who had hired several of Bharti’s executives from its FieldFresh agri-business venture is supposed to have started the poaching. There is a severe shortage of senior professionals in the retail industry, which is likely to continue for the next 5-7 years.

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