Mastek asks 425 staff to resign or get trained with nominal salary:ET
Mumbai-based IT firm Mastek has given 425 employees the option to resign or stay with the company and receive training. Alike other companies, Mastek adopted the cost cut measures to keep the company fit during the global financial crisis.
Most of the companies in the world have been affected due to the global financial crisis and adopting protective measures. The 425 employees, who have been given the option of resigning, are in excess of the normal bench strength and represent about 10% of Mastek’s total staff strength.
The company’s announcement came after market hours on Monday and its stock ended flat at Rs 143.75 on the BSE.
Most of the companies in the world have been affected due to the global financial crisis and adopting protective measures. The 425 employees, who have been given the option of resigning, are in excess of the normal bench strength and represent about 10% of Mastek’s total staff strength.
The company’s announcement came after market hours on Monday and its stock ended flat at Rs 143.75 on the BSE.
posted by Neel @ 1:33 PM
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