NEW DELHI: BJP got the biggest democratic mandate in world’s history with the promise of ‘Achhe Din‘ under leadership of NARAndra Modi before the Lok Sabha polls in 2014. Finance Minister Arun Jaitley promised exciting days ahead, saying India will match Chinese growth rate once the un-banked population comes under structured financial system, a day ago.
“The real challenge today is to bring a further spurt in investment, concentrate on infrastructure and improve manufacturing in a big way,” Jaitley said in an ICICI bank function. But contrary to his claims, a mass petition and campaigns against large-scale retrenchment are going on in social media for a few days now.
Thousands of employees are being laid off at Tata Consultancy Services (TCS) by either being removed from work or informally asked to go though the company says involuntary attrition will be 1-2% of its total workforce. However, insiders say the actual number will be far higher.
According to them, fresh workers are being hired while seniors are being let to go. The company has officially announced it will hire about 55,000 in 2014-15 while it has undertaken a restructuring in a sign of a workforce churn. Currently it has a total workforce of 3,13,000 across the world.
Protests are being held in Bangalore, Hyderabad, Chennai, Pune and Kochi following an organization formed in the name of the Federation of IT Employees (FITE) last week. They have sent a mass petition to Prime Minister Modi to stop this “indiscriminate termination.” Over 3,000 people have signed up online for the petition.
FITE founding member Bharatidasan says the company has asked about 700 employees in Hyderabad, 470 in Bangalore, 480 in Chennai, 70 in Pune and 20 in Kochi to leave, while several hundreds were told by their managers that they would be called by HR soon.
Some of them met the Deputy Labour Commissioner in Bangalore but chose not to lodge a petition fearing blacklisting as another member says the organisation is mulling legal recourse.
