In the last few days, multiple reports have stated that companies, including Wipro, Infosys, Accenture and TechMahindra, have revoked the offer letters that were earlier given to thousands of graduates.
For the past few years, HCL has been illegally recovering bonuses from employees. This is in complete contravention to the Payments of Bonus Act, 1965.
Forum of IT Professionals (ForIT) strongly condemns the actions of IBM in retrenching 300 employees from its software services division.
CA Technologies, in a statement, have claimed that they are not resorting to retrenchment (though the employees inside the company know what has actually transpired.) Forum of IT Professionals welcomes this move from CA Technologies stating that no employees will be retrenched.
In a statement made by the Managing Director of CDK Global, he has admitted to retrenching employees. The MD claims the action as part of ‘role redundancies’. Indian labour laws clearly stipulate the procedure to be followed for role redundancies.