“The non-billing staff (who are on the bench) here have been told by their managers to return to India by stating that they might also follow their team-members soon.”
G. Naga Sridhar
M. Somasekhar
Hyderabad, April 14 Satyamites currently on the bench in the US have been reportedly told to quit after the naming of Tech Mahindra as a buyer of majority stake in Satyam Computer Services.
While employees who are holding a green card have been told to quit, staffers who hold work permits have been asked to return to India, according to reliable sources.
“The non-billing staff (who are on the bench) here have been told by their managers to return to India by stating that they might also follow their team-members soon,” a Satyam employee told Business Line over phone from San Diego.
The positions of those who are engaged in on-going projects appear to be ‘safe’ for the time being as the projects cannot be discontinued in the middle, she said.
“But the general advice is to keep an early exit in mind as the continuity/renewal of projects is a matter of speculation once Tech Mahindra completes the transaction,” she added.
While Satyam has over 5,000 associates in the US, the company is not willing to disclose the exact number of people on the bench currently.
The Hyderabad-based company has been suffering attrition in the US following the exit of clients such as State Farm, an insurance agency and others such as Coca-Cola and Cisco in the last couple of months.
Meanwhile, the good news for Satyamites, both in India and abroad has been that the company has paid up all the dues with regard to perks and allowances (night duty allowance, LTA etc) since January 2009, when it was hit by the financial fraud. It has also updated payments for employee insurance and Provident Fund.
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