POSCO to employ 7,000 people at India plant

South Korean steel giant POSCO plans to hire 7,000 people locally for a planned $12 billion plant in eastern India, said the company. The plant in the state of Orissa will represent the largest single foreign investment in India. However, the project faces opposition from political groups, which say the government sold mining rights cheaply to the South Korean company and that the export-oriented plant would bring few local benefits. POSCO said that at least 97 percent of its projected 7,000 staffers at the plant would be from India. “The employees will be hired for various positions, which include managerial positions, supervisors, consultants and general workers,” the company said in a statement, adding that hiring has already started and the plant should be at full strength by 2010.