No salary for Satyam Computers Employees for next 2 months?

No salary for Satyam Computers Employees for next 2 months according to reports. Satyam Computer today announced (internally) holding the employees salaries for two months. Employees said they have received an email saying the company would hold back salaries for two months and asked staffers to bear with it.

Added later:The further media reports say that Satyam Employees have denied and email of freeze in salary. Good News.

There are rumours that company might lay off close to 15,000 workers in the coming days. The internet is full of talks about forthcoming pink-slips at the company.

Satyam Computers needs over Rs 500 crore every month just to meet its staff costs and has admitted that its cash position was not encouraging.

Good news for Satyam employees

Good news is that Government is likely to pitch in and ensure that there is no mass scale layoff in Satyam. Looking at the recent history – when about 1800 employees of Jet Airways were given notices to leave. At that time Government has ensured that company has taken them back. Government will be doing something similar to that here as well otherwise it will not be able to save the face in the election year.

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