In one of the biggest announcements related to job creation here at the World Economic Forum, Indian IT major HCL Technologies on Thursday said the company will create 10,000 local jobs in Europe and the US over the next five years.

Terming it a socially responsible business model for growth, HCL Tech Vice-Chairman and CEO Vineet Nayar said the company would create these jobs for fresh engineers through partnerships with educational institutes, local governments, local communities, customers and others in these regions.

“In the context of a rapidly changing world, the expectation from businesses is evolving to balance pursuits of profit with social and individual imperatives to create a sustainable growth model," Nayar said. “HCL is now taking those efforts to the next level by impacting the communities through local job creation and development of an ecosystem to support innovation," he added.