ABOUT US CONTACT US PROGRAMMES
  Dy365 App Twitter Facebook YouTube
Guwahati
 
 
India Satyam has 10 percent extra staff says chairman
Posted on: 18-04-2009 , 04:: | DY365 Bureau

a local newspaper reported on Saturday, quoting the head of the company's government-appointed board.

Kiran Karnik told the Economic Times that 3,000 to 5,000 staff were in excess, over and above the normal 'bench' maintained at outsourcing firms.

The 'bench' refers to staff not working on any projects and is normally 10 percent of the total workforce that is usually maintained for readiness to take on new projects.

Satyam Computer was taken over by mid-sized outsourcer Tech Mahindra Ltd this week after it bid the highest for a controlling stake in the company.

Three months ago, Satyam's founder and chairman shocked investors by saying profits had been overstated for years, putting in doubt the survival of a company once ranked as India's fourth-largest software services exporter.

The Economic Times said Karnik ruled out any government intervention to protect employees.

"It is for the board to decide and that will be Tech Mahindra," Karnik was quoted as having said. "... we (the government-appointed board) are in transition mode and we should be out soon."

 
 

»
Click here to watch the Live Stream. | High - BB / Droid
»
Click here to watch Live Stream on iPhone / iPad / iTouch. High| Beta
 
 
 
Dy365 in TATA SKY   Dy365 in Airtel   Dy365 in Dish Tv   Dy365 in Videocon   Dy365 in Big TV   Dy365 in ACC
Channel No : 1953
 
Channel No : 643
 
Channel No : 1529
 
Channel No : 849
 
Channel No : 784
 
Channel No : 003
 
 
 
News Sections
 
 
Others
 
 
Photo Gallery
 
 
 
   
     
2009-15 DY365, All rights reserved,
Privacy Policy,
Powered by Web.Com (India) Pvt. Ltd.