Remaining 1000 freshers to join TCS

There's finally good news for the remaining Tata Consultancy Services' (TCS) campus recruits. According to a report in a business daily, the country's largest computer-services provider plans to complete the process of bringing on board the campus recruits of 2008-09 by this month-end.

The news brings relief to some 1000-odd freshers waiting in the wings. Having passed out in June-July 2008, many of these campus recruits have been waiting for months.

The company has also reportedly completed the procedure of communicating the date of joining to its employees-in-the-wings.

The Tata Group company gave over 22,000 offer letters to freshers for 2008-2009. Of this, around 21,000 employees have already joined the company.

Recently, the IT major decided to lay off about 1,300 of its workforce in the next few months, as they have, according to the company, failed to meet performance standards.

The company has also increased employee working hours to 45 hours a week from the present 40 hours per week level. The company may also freeze variable pay of its over 1 lakh employees as part of a string of cost-cutting initiatives to cope with the pangs of the global meltdown.