"In the past companies were absorbing everyone and did not bother to train them. Now with less work orders, they have a better choice of selecting well qualified and competent people,'' sources said."
Posts: 454
Location: London, ON
Posted on: 19-03-08 21:58:05
also the falling US dollar is a major contributor to layoffs.
the rupee strengthened by almost 10 - 15 % ...meaning that the indin companies will get 10 - 15 % less revenue and have to pay same or more to their employees.
hence the cost cutting + layoffs etc
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Posted on: 26-02-08 07:56:08
