Board meeting of Satyam Computer to discuss business strategies, is expected to take place on June 11 after the new owner, Tech Mahindra, assumed charge and one of the main agenda’s would be the company’s workforce. There are indications that the company might agree to lay off about 5,000 staffers in phases.
The meeting, scheduled to be held on next Thursday or Friday for the first time in the presence of it’s new board — six government-nominated members and four member from Tech Mahindra, is expected to discuss the company’s business strategies.
Vineet Nayar, the Tech Mahindra CEO, had said recently that Satyam has about 10,000 surplus staff and that the company would come up with the ‘least painful’ ways to handle this situation. Given the sensitivities of the situation, it is highly assumed that the board is likely to draw a consensus on the ‘lay offs’ which might be shaped up in forming about 5,000-10,000 people as the reserve/bench strength.
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