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03-29-2012, 06:21 AM #1
This merger will cause no job loss: Satyam, Tech Mahindra to staff
Employees of Mahindra Satyam and Tech Mahindra need not sweat. None of them would be laid off just because these two companies are merging, a top official told DNA.
In fact, senior managements of both companies have started investing a lot of time reaching out to every single staffer at every location, thus trying to allay any fears of retrenchment since the merger was rolled out, said L Ravichandran, Tech Mahindra president, IT services.
“There’s not going to be any layoff because of the merger,” assured Ravichandran after an event to mark an agreement between Tech Mahindra and Indian Statistical Institute on knowledge sharing in analytics for the telecom vertical. “This is not a new marriage. It was on the cards for the last two years. So, it’s not a surprise. We know utilisation of staff in both the places. Also, we have been jointly planning on campus recruitment and going to management institutions,” Ravichandran explained....being a human...