The Hindu Business Line : Evaluations over, no pink slips: Satyam

Hyderabad, Jan. 5 Satyam Computer Services has stopped issuing pink slips to its employees in a bid not to add to its problems following the aborted December 16 deal to acquire Maytas companies and the negative fallout.

The company had reportedly continued to give pink slips to its associates, following what it called Performance Improvement Plan, during the first two weeks of December 2008. “It seems the company has stopped this process for a while because of the current crisis,” a Satyam employee, on condition of anonymity, said.

When asked for comments, a Satyam spokesperson said there has been a freeze on the process. “But this is not because of the crisis the company is facing. The evaluation exercise for the year has been completed and hence the freeze. It is not related to the present situation,” she said.

Satyam had given pink slips to a few hundred employees this year.

Asked about the claim of some employees that the process was still on, she said the company gives the employees an opportunity to re-train under the PIP plan. “However, if they do not show adequateimprovement, they are moved out. This process can take between three and four months. What you have heard is probably related to this,” she said. The evaluation exercise generally happens in July-September every year.

Replying to a question on how many freshers had been given the appointment letters this year, she said the information would be known in the third quarter results.

‘No comments’

Asked about the options the company under evaluation with regard to the dispute with the World Bank, she said the company could not comment on the issue at this point.

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