Companies hit by lean staff turnout | business | Hindustan Times
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Companies hit by lean staff turnout

Caught between the ruling party’s dictat to run business as usual and the Opposition’s Bharat Bandh call, companies were tight-lipped on the strategy for the day apart from saying they were trying to keep essential sevices running.

business Updated: Jul 05, 2010 23:23 IST
HT Correspondent

Caught between the ruling party’s dictat to run business as usual and the Opposition’s Bharat Bandh call, companies were tight-lipped on the strategy for the day apart from saying they were trying to keep essential sevices running.

The strike had a huge impact on offices: companies saw attendance dip over 50 per cent, and over half of bank branches were closed. “We have our operations on and wherever possible we have opened our branches,” said a senior official at a leading private sector bank on the condition of anonymity. “We have just tried to ensure the customers are not affected.”

MNCs maintained a similar stand. “We were not closed officially but there was lean attendance on Monday,” said an official at a multinational financial services company.

The stock exchanges saw a 40 per cent drop in trading volumes at both BSE and NSE.

“We made special arrangement for our essential staff to ensure that the trading, clearance and settlement is not disrupted,” said a senior BSE official who did not wish to be named.