October 2020 \ Interviews \ BUSINESS—CORPORATE INTERVIEW
“Shareholders will be rewarded when normalcy returns”

Larsen & Toubro (L&T), India’s leading engineering ...

By Sanjeev Sharma

Did employees gain anything at all in this transaction?

This deal augurs well for the employees of L&T E&A as all employees are being transferred under the same or better terms. Also, they will now be part of a global major in the electrical and automation segment, unlike in L&T where they were a part of a group that is largely focused on EPC projects and services. This makes them partners in the core business segment of Schneider Electric. They are also likely to get good opportunities to utilise their talent in growing the business.