GM Makes New Offer to Bondholders

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Satyam Computer is likely to sack
most of its non-billable staff of up to
See the second paragraph --Take a Lesson from Satyam - an Indian Company
8,000, beginning with BPO arm,
who are working in marketing, HR
and administration wings, after Tech
Mahindra takes charge of the
company from June 1.
Satyam may also opt for "virtual
pool" sacking method whereby the
company would ask some of the staff
to take 75 percent of its salary and
take one-year off and look for a job
elsewhere with the fragile assurance
that they would be recalled, if
required.
TCS