Buyback is a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than market price. Infosys completed its Rs 13,000-crore share buyback last year. HCL Technologies completed a share buyback for Rs 4,000 crore in September.
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DM: I need skilled and cost effective associates in my project. Young, energetic, without liability, willing to work as much extended hours without any comp-offs/additional cost to protect. I hope you understand. You are wasting everyone’s time. You should resign NOW.
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Prepared By : Saravanan
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So it is very clear from legal terms that employee can have association with labor union and company cannot punish/dismiss any employee for their association with labor unions.
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Yes, you heard it correct and I am also the part of slave group. I am also in Information technology sector for more than 50% of my life. I am resisting the slavery act upon me and I know the risk associated with it. I feel calling myself as slave is far better than living even without knowing I am a slave.
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Little less hypothetically, lets say that TCS starts paying Rs 12 LPA to all its entry level employees and accordingly adjusts salaries at all levels. Essentially ~8LPA increase per employee per year – nearly equivalent to a increase of $5.55/hour. Even this will make a big impact.
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We demand that Mr. Raj Mehta should publicly retract his “Dead Wood” comment providing a comprehensive explanation on how it is wrong and Cognizant should drop this illegal and unfair retrenchment plan.
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“This is complete slave trade for the employees in USA. To avoid paying severance package, retirement medical benefits etc for the employees, Verizon decided cheap trade by threatening employees that your employment will be terminated if you don’t take Infosys offer and also you wont be qualified for severence/ benefits since we are providing you offer with Infosys.
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Our NDLF team is in regular touch with Verizon employees who are affected as part of this transition. We want affected employee to reach out for any help as part of this transition. We are happy to build confidence on our NDLF IT Wing and come forward for help on their issues. We are happy to bring this news as first media release in employee perspective
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Currently employees in IT sector think that labor unions will be required only when they face job loss crisis. If management terminates an employee suddenly, union cannot directly support affected employees as they are not enrolled as union members. In such case, they have to take up the fight independently and unions can backup only.
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Some of the new leaders have done their education in western countries and try to impose western rules in Indian IT sector which is demanded by the shareholding investors. That’s the main reason for many of the issues including the one we are talking about now : chipping away employees earnings to add a few more thousand dollars to the company profits.
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Many companies used bench as a tool to harass employee and make employee resign on their own. If you have closer look as to why employees are kept on bench before they are terminated, the following are the reason for the same:
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I am not against automation or any other new technology introduction which can improve the end user operations and make it more efficient, but I want to insist that the gains of automation and technology improvements should be shared with the employees.
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PLEASE DO NOT APPLY IF:
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