Satyam excess employees
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Satyam surplus of 10,000 employees
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Satyam Computer Services

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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.

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