Monday, December 22, 2008

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Agilent Technologies won’t cut pay, forces vacation


NEW DELHI: In a novel way to ease the pressure on resources, Agilent, the world’s largest measurement and testing software company, has made a two-day leave mandatory every month in India for its 1,800 employees. Over and above that, the company has announced a two-week vacation effective December 20. 

On December 17, the $5.2-billion company announced a retrenchment of 800 jobs globally. Instead of tendering pink slips, Agilent India’s senior management executives are being asked to take a two-day ‘vacation’ every month. Junior employees have been asked to take a day’s off in lieu of their earned leave. “Those who don’t have paid leave left will have to take a leave without pay for those particular days,” Agilent India country manager Venkatesh Valluri said. 

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