Satyam excess employees
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
Districts ~ State Politics ~ District Officials ~ Tollywood ~ Telangana News Online ~ Praja Rajyam Online
Home / State News / 2009 / April 2009 / April 20, 2009
Satyam surplus of 10,000 employees
RSS / Print / Comments

Satyam Computer Services

US SEC may file civil fraud charges against Satyam

Foreign Secretary Nirupama Rao Delivers Harish C. Mahindra Memorial Lecture at Harvard University

Foreign Secretary Nirupama Rao Delivers Harish C. Mahindra Memorial Lecture at Harvard University

More on Satyam Computer Services

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Jharkhand police arrest top Maoist leader in Simdega Distrcit

Palin warns of 'Armageddon', WW III if Iran obtains nuke weapons

Milla Jovovich on her career and family life

Google Inc. working with less known handset makers to target middle clas Indians

Indian boxers, table tennis players win four more Gold Medals on Day-10 of Commonwealth Games

Mercedes-Benz to come up with safer child seat soon

Blame your mom for your muffin top or thunder thighs

Satyam surplus of 10,000 employees

Tech Mahindra says employees interest will be given priority


Board Chairman of Satyam Computer Services Limited, Kiran Karnik, said that nearly 10,000 employees of Satyam Computer Services Limited declared as surplus. He added a decision would be taken only after the new board with the representatives from Tech Mahindra which almost completed acquition of controlling stake in the scam hit IT bellwether, assumes charges.

Karnik, however said the board had to ascertain whether the the staff was termed as excess in relation to the present work and explore options for getting new work to accommodate the entire staff. The deal catapulted Tech Mahindra into the top IT league and the company had put in place an integration team to see the transition. The Chairman of Tech Mahindra Anand Mahindra and MD Vineett Nayyar said retaining the existing customer base and wooing back those who left the company would be top on the agenda for the new management.

At a press conference on Monday, Tech Mahindra said there were no plans to shift Satyam from Hyderabad to the foreseeable future and it was too early to think about change the logo. Nayyar was highly appreciative of Satyam's leadership claiming its resilience and determination helped the company retain major portion of the operations despite the crisis.

Andhra News

Link to this page

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us