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SKS Microfinance Ltd has secured jobs for 248 retrenched employees in collaboration with corporate and consulting agencies.
SKS had organised job fairs in Hyderabad, Vijayawada for all displaced employees after providing them with training, reorientation. “An additional 255 candidates have been shortlisted for various positions,’’ SKS said in a release on Monday.
Many organisations including Coromandel International, Genius Consultants, Reliance Life Insurance Company, Smaat Aqua Technologies Pvt Ltd, Tikona Digital Networks, TeamLease Services and TMI Networks had participated in the job fairs.
The Hyderabad-based company had earlier retrenched employees in view of mounting losses it has been facing due to crisis in the sector triggered by AP Microfinance (Regulation of Moneylending) Act 2010.
SKS’s scrip gained 4.19 per cent to end at Rs 68.15 on the Bombay Stock Exchange on Monday.
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