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Don't poach Satyam workers: Nasscom

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  • Expressing solidarity with the new management team of the Satyam, IT industry body Nasscom on Friday said it has asked its recruitment team not to poach anybody from Satyam.

    "As of now, the priority of Nasscom is business continuity. The company is in the middle of a crisis. All the employees have been working on projects. To continue the projects they need people," a top Nasscom official said.

    For Nasscom the priority now is to see that business continues for Satyam.

    "We will ensure that customers and other stakeholders get the right perspective. We will also work with the Satyam Task Force to reach out to their customers and employees and guide them through the transition," Nasscom Chairman Ganesh Natarajan has said.

    Earlier, Infosys had made it clear that to refrain from hiring employees of Satyam Computer Services.

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    Though the new Satyam management team headed by the interim CEO Ram Mynampati yesterday tried to soothe over 50,000 nervous employees by saying that the salaries for December has been taken care of,the worried workforce is busy looking at avenues elsewhere. The employees are busy posting their resumes on job portals.

    "In a middle of a crisis of this magnitude, people usually jump ship. Rival firms usually look at cherry-picking staff," an analyst said.

    Though no news of layoffs has come from the company yet, with questions on its cash position and a minimum outgo on salary estimated at Rs 500 crore (Rs 5 billion) a month, Satyam may lay off over 10,000 employees next month, says a recruitment firm.

    ... contd.

    Next12
    a-SatyamBy: truth speaker | 10-Jan-2009 Reply | Forward All the glitters are not gold
    SatyamBy: Anandamayi | 09-Jan-2009 Reply | Forward Ram Mynampati himself may be involved in this whole criminal syndicate that morphed its self into a IT company. Not sure if the current board and higher management should continue running the company. They should be removed right away have a neutral board constituted right away. This would protect the incriminating data that the current management would be busy destroying. They should be treated just like any other common criminal and put in a high security prison asap.
    Employees between a rock and a hard place?By: It Watcher | 09-Jan-2009 Reply | Forward Risk of losing their jobs, being associated with a tainted company and now is the industry choosing not to encourage them to apply for new jobs? What are they supposed to do to feed their families and meet their debts.
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