Mahindra Satyam’s benched staff shrinks by 1,100

Mahindra Satyam has recalled 1,100 employees from its virtual pool. Of the total number of recalled staff, 500 associates have moved to some projects of Tech Mahindra, the owner of Mahindra Satyam.

Close to 10,000 associates based in India, who were not engaged in any projects for more than three months, had been put in the virtual pool.

The move is a sign that business for the embattled software exporter is improving. Hari T, the newly-appoi-nted chief people officer at Mahindra Satyam, said, “We have recalled more people. Around 627 assoc-iates have been recalled. Additionally, 500 people have been moved to few projects in Tech Mahindra.”

These associates would be given ‘basic’ pay in addition to provident fund and medical benefits. Hari refused to comm-ent on the exact size of the present virtual pool. “They are being called back for projects across techno-logies,” he said.

As per recent disclosures made by Mahindra Satyam, the company had lost around 23 customers since the scam broke.
The com-pany has also grabbed new orders worth $380 million, most of which are coming from existing clients.

“Satyam had a total of $164 million in outstan-ding forward contracts,” said an Indiabulls Research report on Tech Mahindra. The report further added that the integration of Satyam would be a test for the management as Satya-m has a large pool of disen-gaged employees.
Source:FinancialChronicle