Tata Consultancy Services (TCS) has increased its working hours to 45 hours per week from 40 hours effective April 1. This effectively means that employees will have to put in an hour more every day.
The biggest software exporter has also decided to fire around 1,300 employees or 1 per cent of its global workforce this year. This roughly works around one percent of its global workforce.
These employees failed to meet performance standards, according to a company spokesperson said.
About 100 employees have already been sacked in Chennai alone in the last two weeks, sources in TCS told the media.
This comes in the wake of recent announcements by the company’s MD S Ramadorai 10 days back that variable pay of employees is being reviewed this year, to counter the tough economic situations across the globe.
The IT major has also increased working hours to 45 hours per week from 40 hours effective April 1. The TCS sources said in the last two weeks alone the company has sacked about 100 people after they were found wanting in their performance appraisal.
Agencies
Showing posts with label sacked. Show all posts
Showing posts with label sacked. Show all posts
Monday, March 9, 2009
Wednesday, December 10, 2008
Were Jet officially responsible for sacking 1000 workers in September?
Much before its sack order to 1,900 employees turned into a publicity nightmare, Jet Airways had handed marching orders to 1,000 workers and even managed to keep it under wraps.
According to informed sources, Jet Airways CEO Wolfgang Prock-Schauer had told investors that the company was able to synergise better between full service Jet Airways and budget airlines JetLite after trimming its staff.
"On the staff numbers, we have reduced the headcount in September by further 1,000 entries and now able to synergise the operations between Jet and JetLite," the sources said quoting Prock-Schauer.
Despite repeated attemps to elicit comments, Jet Airways spokesperson did not respond.
During September, Jet Airways had anounced that JetLite offered voluntary separation scheme to 687 employees.
In the same month, Jet and JetLite executed a codeshare agreement aimed at offering better connections and wider connectivity, besides having a common reservation system.
The carrier, which has a total of 13,000 employees, played out the sacking-and-reinstatement drama of 1,900 employees in October, with Chairman Naresh Goyal 'overruling' its Board decision to fire the employees.
"I apologise for all the agony you had to go through for two days. You can all come back to work from tomorrow. We have decided to take back all the employees," Goyal had said in a midnight press conference.
Jet came under attack from various ministers and agitating employees for the sudden decision to sack so many people immediately, especially ahead of Diwali. It, however, defended itself stating that the decision was taken to save the jobs of the other 11,100 employees and would result in savings of $1million a month.
Source: Agencies
According to informed sources, Jet Airways CEO Wolfgang Prock-Schauer had told investors that the company was able to synergise better between full service Jet Airways and budget airlines JetLite after trimming its staff.
"On the staff numbers, we have reduced the headcount in September by further 1,000 entries and now able to synergise the operations between Jet and JetLite," the sources said quoting Prock-Schauer.
Despite repeated attemps to elicit comments, Jet Airways spokesperson did not respond.
During September, Jet Airways had anounced that JetLite offered voluntary separation scheme to 687 employees.
In the same month, Jet and JetLite executed a codeshare agreement aimed at offering better connections and wider connectivity, besides having a common reservation system.
The carrier, which has a total of 13,000 employees, played out the sacking-and-reinstatement drama of 1,900 employees in October, with Chairman Naresh Goyal 'overruling' its Board decision to fire the employees.
"I apologise for all the agony you had to go through for two days. You can all come back to work from tomorrow. We have decided to take back all the employees," Goyal had said in a midnight press conference.
Jet came under attack from various ministers and agitating employees for the sudden decision to sack so many people immediately, especially ahead of Diwali. It, however, defended itself stating that the decision was taken to save the jobs of the other 11,100 employees and would result in savings of $1million a month.
Source: Agencies
Subscribe to:
Posts (Atom)