Business Standard

Tamil Nadu IT employees' body seeks govt help on layoffs in IT firms

Union claims IT companies earn huge profits using subsidised land, tax sops, non-stop power supply

job, job loss, layoff, IT industry, fire, employee, work
Premium

BS Reporter Chennai
New Democratic Labour Front (NDLF) IT Employees Wing, a union working for the IT employees in the State, has sought the State government's intervention on the job cuts in the IT industry.
The organisation alleged that the IT companies are earning large profits using subsidised land, tax exemptions, and non-stop power supply affecting the public exchequer and are now laying off employees.
It may be noted that industry body Nasscom has denied any large-scale layoffs of employees, as claimed by these unions.
"For the past three months these companies are forcing their employees to resign without any intervention from government officials," alleged a

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in