3i Infotech to implement four day work week for US employees

In a bid to cut costs, 3i Infotech, plans to implement initiatives such as offshoring and a four-day work-week for its US employees, a top company official said.

3i Infotech is a leading information technology services firm.

"Apart from debt management, we plan to focus on cost reduction during the current fiscal. We plan to give a four-day work-week to at least 400 US employees," 3i Infotech's Managing Director and Chief Executive Officer, V Srinivasan, told news agency here.

Presently, 3i Infotech has a staff strength of 13,500 with around 4,500 employees working overseas.

Increasing offshoring, which involves moving work from onsite to India and other low-cost destinations will help the company in reducing its costs, he said.

"Offshoring of work will help in cutting costs," Srinivasan said.

He, however, did not disclose how much savings the company would effect by these initiatives.

Asked whether the company planned to up its headcount, Srinivasan replied in the affirmative, saying the company would increase its headcount in the coming days.

"We plan to hire at least 500 professsionals for our India and foreign offices," he said.