Swine flu declared pandemic
Fraud-hit Satyam Computers has sent 10,000 surplus employees on a six month holiday, in an attempt to cut costs and get back the company on the recovery path. The period begins from this month.
The surplus employees, who have been put on sabbatical programme or as the company puts it as “Virtual Pool Programme,” would get their basic pay (40 per cent of the gross salary), in addition to provident fund and medical insurance.
The company has selected employees who have not been given any billable roles for three months or more, and includes support staff. They will be on the rolls and could be recalled and reinstated on full pay and benefits when the company scales up its operations or gets new orders.
To read the full article, click here..
To read the ePaper, visit: http://www.dc-epaper.com
The surplus employees, who have been put on sabbatical programme or as the company puts it as “Virtual Pool Programme,” would get their basic pay (40 per cent of the gross salary), in addition to provident fund and medical insurance.
The company has selected employees who have not been given any billable roles for three months or more, and includes support staff. They will be on the rolls and could be recalled and reinstated on full pay and benefits when the company scales up its operations or gets new orders.
To read the full article, click here..
To read the ePaper, visit: http://www.dc-epaper.com
Labels: benefits, employees, fraud, holidays, medical insurance, new orders, satyam, satyam employees, satyam staff, support staff
posted by PressMart Team at
10:10 AM
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