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Satyam has 10,000 excess staff: Tech Mahindra

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    • Reuters Tags : corporate, india, satyam computer, Tech Mahindra, staff Posted: Friday , May 22, 2009 at 1643 hrs New Delhi:
    Satyam Computer
    Last month, Tech Mahindra won an auction for a controlling stake in New York-listed Satyam.
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    The chief executive of Tech Mahindra, which is taking over Satyam Computer Services, said on Friday the fraud-hit outsourcer had 10,000 excess staff on an employee base of 40,000.

    Last month, Tech Mahindra won an auction for a controlling stake in New York-listed Satyam.

    Satyam's founder and former chairman shocked investors in January by saying profits had been overstated for years, putting in doubt the survival of a company once ranked as India's fourth-largest software services exporter.

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    Professional Engineers OntarioBy: Vikas Sharma | 23-May-2009 Reply | Forward All is well that ends well and after all Micro-Chip is number one in USA on Harvard's Architecture.
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