Satyam taking back shaky staff
Employess ,who had been part of a 8,500-strong pool of surplus work-force kept in suspended animation after the fraud that mauled Satyam Computer Services, have been asked to join back Mahindra Satyam, the born-again version of the Hyderabad company, report Ruchi Hajela & Mahua Venkatesh.business Updated: Jul 13, 2009 21:24 IST
Niharika Jaiswal ,who had been part of a 8,500-strong pool of surplus work-force kept in suspended animation after the fraud that mauled Satyam Computer Services, has been asked to join back Mahindra Satyam, the born-again version of the Hyderabad company.
The entire pool may soon find itself back on the company’s rolls.
Jaiswal, a 24-year-old software engineer, is one of the 1,100 employees who have been taken back by the company after it created the half-way house as a prelude to possible layoffs aimed at cutting costs.
Last month, the company had decided to put 8,500 employees who were considered ‘excess’ on a ‘virtual’ bench for four to six months. However, with the growth of the business, many more employees are expected to be called back to work.
"Around 1,100 associates have been placed already and depending on the business prospects we hope to call back or redeploy all those who were put on the virtual pool. Those with required skill sets and technology background will be preferred," Sridhar Maturi, head, media relations at Mahindra Satyam told Hindustan Times.
The government is also closely monitoring the situation.
“A large number of staff has been recalled and it is a clear indication that Satyam wants to retain as many people as possible,” Corporate Affairs Minister Salman Khurshid told Hindustan Times, adding that the situation is being monitored.