Reliance Retail hopes it's  on its way to flourish in its business model. In the process, it is curbing its labour force, by about 3,000 out of its 20,000 employees countrywide. Joint ventures with international brands, including, Hamleys Toys, Marks & Spencers, Boots and Pearl Group are also being planned by the company with an expectation of getting completed by the end of 2009. 

According to the Financial Express, 1,000 out of the 3,000 employees sacked were IT professionals, while the rest are consultants and short-term recruitments. Since the store rollout did not match the initial targets, Reliance Retail has deferred plans on hiving off its verticals as seperate business entities and tap the capital market by the end of this year.

Unlike the previous scenerio, the retail will now be aligned with the main branch, Reliance Industries Limited(RIL), in terms of salary structure and also other practices. As because the retail had hired people from other retail companies at high salaries at all levels, the alignment is prefered keeping in mind the cost curbing.

Presently the retail company is amongst the fastest rollouts, countrywide, with 11 of its verticals  in all stores throughout the Indian territory. Some of its verticals count, Reliance Trends, Reliance Mart, Reliance Fresh, Reliance Time-out, Reliance Jewels and so on. X