DLF has reduced its employee strength by 30%t after outsourcing its construction and facility management activities. According to the company’s latest annual report, it has successfully outsourced the project execution/management and facility management. In addition, outsourcing of some of the accounting functions is also under way.
As per company, the objective was to nurture and harness core management teams and explore outsourcing that would enhance management bandwidth and focus. The construction for its current and upcoming projects has been outsourced to contractors such as Larsen and Toubro and Facility management has been given to property consultants Cushman & Wakefield and Jones Lang LaSalle. In a message to shareholders, DLF Chairman K P Singh said that the company is implementing the strategy to focus on its core business of real estate development and leasing, launch of select residential and commercial projects in targeted geographies, divestiture of non-core assets and reduction in debt.