Advertisement
Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
  Advertisement
      Discuss  |             Email   |         Print  |  Get latest news on your desktop

Satyam employees in total disarray
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
   
  Advertisement
January 07, 2009 21:05 IST

Employees of Satyam [Get Quote] Computer were in disarray following their Chairman B Ramalinga Raju's resignation after the firm admitted to financial wrong-doing, leaving the entire business world of the country shell-shocked.

Panic-stricken employees were seen in small groups outside the corporate office, discussing the issue.

However, they remained tight-lipped before the media. A team leader Raghu K said the resignations have not "surprised us," but the news attached to it is worrying.

He said the top management has not yet made any communication with the employees in this regard.

When asked about their (employees) reaction to Raju's resignation, he said, "There is panic among the employees. But daily work has not been affected."

"We (employees) are now worried about the jobs. We hope whoever takes over the company will put things right," he added.

Most of the employees are also worried about their financial commitments like payment loan dues.

C R Aravinda, a junior employee, said, "The only thing we can do is to work hard. We are serving clients as usual." He, however, said he was not aware about the developments.

B Ramalinga Raju, along with his brother Rama Raju, who is also MD of the company, resigned today following a two-week-long row over the Satyam-Maytas episode.


© Copyright 2009 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
       Email  |        Print   |   Get latest news on your desktop

© 2009 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback