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Billionaires on a hiring spree, globally

March 24, 2009

Anil Ambani group has plans to hire over 92,000 people in its life insurance business, while it is also looking to bring on board about 1,500 employees in its Reliance Infrastructure unit.

The massive hiring plans by the companies run by these people is in contrast with many other billionaire-run companies, who had been instrumental in creating thousands of jobs in the past, having announced massive layoffs in the backdrop of the ongoing economic and financial crisis.

Image: Anil Ambani, chairman of Anil Dhirubhai Ambani Group, speaks during a news conference in Ahmedabad. | Photograph: Amit Dave/Reuters

Also read: What Tata Nano can teach US carmakers

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