SHAME on TI.Laying off people without severance in India. TI is treating Indians as second grade employees.

TI has started layoff in India as well, though they don’t call it layoff.Employees are laid off quitely with ZERO severance.Do you want to work for such un-ethical company??

We are glad that the trenchant criticism from the readers of the news papers, rival associations and the government made ASSOCHAM to relent and with draw their irresponsible projection that a quarter of the employees will be laid off.Assocham has lost it credibility and we trust the news papers will be cautious while publishing such irresponsible statements by anyone, lest it should cause a scare and panic. The psychological atmosphere as it is voltile. Let it not be pushed to the brink.

This was what we mean when we excepted liberalization which liberalised labour law resulting with high salary for few and unemployment or underemployment for all others .So this type of spreading of panic is intended to get direct or indirect benefits from government in the name of desperate economic measure .We don’t know whether we still have socialism or we are liberalized to be capitalist economy. We have seen private Airlines have been given loans which will be finalized as bad debt later. If government thinks there is a need of airline in future growth of economy so it wants to bail it out it can lifted the high tax associated with it so that common man can avail this and aircrafts could fly with full capacity and there by reducing loss. Instead it has taken a step which nothing but giving subsidies to the rich and high salaried employees. So people should read between the lines .Keep in mind liberalization is not meant to give subsidies to rich and high salaried employees.

This was what we mean when we excepted liberalization which liberalised labour law resulting with high salary for few and unemployment or underemployment for all others .So this type of spreading of panic is intended to get direct or indirect benefits from government in the name of desperate economic measure .We don’t know whether we still have socialism or we are liberalized to be capitalist economy. We have seen private Airlines have been given loans which will be finalized as bad debt later. If government thinks there is a need of airline in future growth of economy so it wants to bail it out it can lifted the high tax associated with it so that common man can avail this and aircrafts could fly with full capacity and there by reducing loss. Instead it has taken a step which nothing but giving subsidies to the rich and high salaried employees. So people should read between the lines .Keep in mind liberalization is not meant to give subsidies to rich and high salaried employees.

This was what we mean when we excepted liberalization which liberalised labour law resulting with high salary for few and unemployment or underemployment for all others .So this type of spreading of panic is intended to get direct or indirect benefits from government in the name of desperate economic measure .We don’t know whether we still have socialism or we are liberalized to be capitalist economy. We have seen private Airlines have been given loans which will be finalized as bad debt later. If government thinks there is a need of airline in future growth of economy so it wants to bail it out it can lifted the high tax associated with it so that common man can avail this and aircrafts could run with full to its capacity and reducing loss. Instead it has taken a step which nothing but giving subsidies to the rich and high salaried employees. So people should read between the lines .Keep in mind liberalization is not meant to give subsidies to rich and high salaried employees

as above

It isa proven fact that 90% of the problem in any corporate , the management itself is responsible for. Only for 10% of the problems are assigned to the working class.In such a situation why the entire problem be passed on to workers resulting in down sizing of the manpower? Why can't the bard of directors numbers be reduced and the huge salary/perks given to the CEOs be reduced to improve the profitability of the company? Some CEOs are drawibng huge salary/perks to the tune of 2 crores rupees/ month. Definitely, retrenchment should be last staw after all other avenues are exhausted.

It is like when America sneezes, India catches cold. India has a lot of potential in terms of demand from all sectors and we have to go a long way in developing infrastructure and other core industries. When will Governments come out from the slave mentality that only by exporting our economy can survive? This is the God sent opportunity that our Government and industry (and of course all Chambers of Commerce and Industries) should look inward and try the channalise the resources for the meeting the internal demand instead of wasting our precious resources for the development of other countries especially the USA and European nations. Retrenchment is not panacea for all ills of the industries. There may be some managerial mistakes for this catastrophe.

Let us tighten our belts. Do not invest in gold and housing properties. Be ready to share. Invest in farmlands to produce more agricultural products. Do not disturb the speedy movement of trucks, vehicles and trains. Reduce use of electricity just to please the gods, politicians and priests. Days are bad but by sharing with one another, we develop the sense of belonging to this great nation.

Well, as expected so called globalisation and reforms have had their effect. Insulated developing economies are now singing choir to the tunes played by greedy Wall street wizards. So after the merry time of so called growth no is Lay off time.Correct, but it is fashionable to lay off workers and new entrants, mainly youngsters in all Industries. Like in on all important issues India should introspect and lead the world by laying off Top down. Starting with MDs, CEOs, "Corporates" then middle management etc. serially. That will make the real culprits for the crisis accountable and also provide promotion and job opportunities for the younger Indians.Better to slice of butter where it is thicker on the bread. Are Karat, Brinda, Raja, Yechuri etc. listening? This is a good cause for some legislative action for the future of the country.

Raj Thackeray arm twisted Jet Airways to take back the employees that were let go. Let me see if and other politicians can save every job of the 25% mentioned in the article. Their actions as well as that of Mr. Goyal's in rescinding the order were ridiculous as well as not in the free market interests. I am not a heartless person as I have lost jobs due to economic situations but every time I have come out stronger with thought that as a door closes there is always another door that will open. We as Indians should get off minds that a job is a birth right and we will have forever until one dies. That is only possible in Air India, Government jobs and sectors where profitability is not the focus but socailist or communistic or vote banks are in focus (i.e. If you let people be lazy, they are lazy and will be lazy forever. You should teach a person how to fish rather than give him a fish everyday. Then that person will not be motivated to learn new things in his field or other fields)

diwali bonanza

25 % !!!...either these figure is over exaggerated and lacks authenticity or we are heading for an absolute disaster.....i pray its the first one because at times like this, having a quarter of working population jobless will mean paranoi,resentment , unrest and ultimately death of our once thought to be blossoming economy.

REMEMBER WHAT ISAID BEFORE CREDIT IS BAD FOR INDIA, THIS WILL DEVALUATE YOUR RUPEE LATER ON NOW YOU CAN ENJOY BUT YOU PAY THE PRICE LATER.HOPE YOU RECALL, WHAT IS HAPPENING NOW IS SAME THING HAPPEN TO MEXICO AND OTHER SOUTH AMERICAN COUNTRY, IF INDIA IS NOT CONSUMING DRUGS THAN GIVE THEM A LOAN IT IS A ADDICTION, ...................RAJESH DHARIA....

good all these IT employees who were just clerks but were barking as if they r gods r gonna be firedall IT firms have 25% bench fire them all

While 25 % sounds astronomical. One can expect the percentage to be higher than that of developed countries like US. Look at it this way, companies hire based on projected growth, which is higher in India and China as they were projected to grow faster then say USA. If there is a Global slow down like we are facing now, the impact is likely to be higher accordingly. Indians should get use to this or go a safer route of "controlled capitalism", where growth is not tremdous but it the "boom/bust" cycle is more managable.

We understand truly that these corporates are not running for charity and are being run to generate value for their share holders. They have to be allowed to do what they deem fit to enhance shareholder values. Having said that I would recommend the Corporates to trim down gradually but not as a priority. Even if they are to incur a marginal loss for few months, they should continue to retain their investment in man power. Big drops like this would be a catastrophe for our economy. If they go for a major job cut then the turn-around time for the economic growth to 9% levels would be longer.

ASSOCHAM is creating a scare that a quarter of the emplyees will be laid off which is nothing but a lie and not based on any data.Such scare mongering is as dangerous as scare created about health of ICICI Bank assets.Pl. do not give prominence to such scare mongering news and question them as to the veracity of their prediction.It is scary that even ASSOCHAM is indulging in the business of scaring people.

Could you elaborate on the method of estimation, upon which you make such a strong statement? 25% in such short term just sounds litle hard to believe (and estimate).Regards

NO MATTER HOW YOU DESCRIBE IT, CALL IT ASIS'S THIRD ECONOMY OR WHATEVER, CRISIS IN USA HAS PROVED ALL DEVELOPING ASIAN COUNTRIES ESPECIALLY INDIA(EXCEPT CHINA, THOUGH CHINA EXPORTS A LOT TO US), ARE PARASITES SUCKING US. INDIA EVEN EXPORTS HUMAN BEINGS LEGALLY AND ILLEGALLY, FACTORY WORKERS TO EDUCATED TO US AND ALL OVER THE WORLD. ONLY ONE CRISIS, THE HOUSING MARKET AND DEFAULTED LOANS IN USA BROUGHT THE ASIA DOWN, ESPECIALLY INDIA WHERE YOU CAN SEE THE MOST ADVERSE EFFECT. BASICALLY INDIA DOES NOT HAVE HER OWN ECONOMY. THERE IS NO CIRCULATING MONEY. PEOPLE EARN A LOT OF MONEY, BUT THEY ALL END UP IN BANKS, OR GOLD, NOT IN REAL COMMODITIES. OUR ECONOMY IS ONLY EXPORT DEPENDENT. SO WHEN THOSE BIG ECONOMIES GO DOWN, INDIA HAS TO GO DOWNHILL.

Maybe, the news item is an unwanted scare. But nevertheless, such situations are staring us on the face. Maybe not ten days, but eventually some tightening will be inevitable from both sides, the employees as well as employers. One suggestion here is to effect a voluntary cut in salaries across board so that retrenchment can be postponed to the last possible day. The government should on its part seriously implement strictly tightening on government expenditure. The scenario can be viewed on a six monthly basis. Any takers?GK Iyer, Mumbai

It is psychopressure tacties of Baniya Type. ASSOCHEM is known for blackmail tacties to pressure goverment. Good talent sdhould avoid this Baniya Companies in future.

IF ASSOCHAM IS WARNING THE GOVT TO CUT THE UNENDING TAXES WHAT IS WRONG LET THE GOVT CUT DOWN WASTEFUL EXPENSES AND CORRUPTION AND REDUCE TAXED IN THESE TIMES

Agreed . But take out all thebenefits which the industry whave taken in the name of employment generation.