Satyam staff not to get salaries for 2 months
Satyam Computer on Friday announced holding back employees salaries for two months, even as rumours were rife that the company might lay off close to 15,000 workers in the coming days.
The offices of Satyam Computer were rife on Friday with the talks about forthcoming pink-slips at the company, which needs over Rs 500 crore (Rs 5 billion) every month just to meet its staff costs and has admitted that its cash position was not encouraging.
Employees said they have received an e-mail saying the company would hold back salaries for two months and asked staffers to bear with it. - sources
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3 Comments
Ghotala.in Supporter
January 9th, 2009 at 9:17 am
Dear ghotala.in team,
You don’t have any sources, what all you have are story writers. Satyam’s financial condition is not yet out and hence without that information clearing Satyam’s Officials can’t take any decision before the board meeting and board revival.
If Satyam doesn’t pay the salaries of 2 months, Satyam will gain more than 800 crores in 2 months. Boss, this will make Satyam standing again on its feet though on operations they are still working perfectly.
Atleast on the moral grounds, kindly don’t spread rumours which will affect the lives of 53000 employees and their families hence total number of people affected will be more than 2,000,00 !!!
I wish you a great success ahead and I will pray that for every illegal and immoral activity, the executors of the act must be punished irrespective of the businesses (Manufacturers, Media, IT, Technology, Auditors, Government, and many more).
Thanks & Regards
admin
January 9th, 2009 at 11:17 am
Thanks for your comments!!
Check this link Economics Times link
http://tinyurl.com/8azcbl
ramki
January 9th, 2009 at 9:15 pm
If sathyam dont pay thesalary for 12 months the sathyam will gain more than 6000 crores. for 10 years it will be 60000 crores. you can be the director
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