Satyam Virtual Pool Satyam VPP is Layoff In Indian Way

People who are laid off, do not get any salary, are not covered by insurance, do not get PF, do not remain on rolls of the company, are not eligible fo company trainings at no-cost, cannot access internal company web-sites.

All this is available to people in Virtual Pool. Is it still a layoff... ?

Dear C# opening website author, it is not said that, after six months, you will be taken back or not, its kind of layoff or not..

It is lay off with a sweetner, this is a good example how Corporate affairs, media & relations deptt works. Satyam's basic salary is almost 20% of the monthly salary. So at a cost of monthly salary they will extend associate for 5 months. Sorry, all the training programs in satyam is closed as of now because of budget constraints, so do not feel joyed. there's nothing good in VPP except you will be paid yours a month salary in 5 months EMIs and after 6 months that too will automatically close meaning you have been terminated. Its sweet satyam.

@Above.. People will get their basic salary, will get PF, will remain on rolls of Satyam, and are eligible for SLC and SLW trainings, and they can access internal company websites but limited options in websites... I think this is the best possible way to tackle this kind of situation....... If any other company was there in this situation obviously they would have fired people without second thought... Its very sad that company is in this situation.. at the end we are the sufferers.. around 9000 people have got this sabbatical leave..

Its really sad that people and media failed to take a note of very inportant shrewd game satyam-techM played. In normal case if laid off as per satyam rules the employee will have to be paid 2 months complete salary. But in this VPP, u will be paid 80% of your one month salary equated in 4 months. And all my friends all the trainings have been closed in satyam coz of budget cuts. So, dont get by what you hear in satyam-TechM press conference.

HYDERABAD: The Forum of IT Professionals has criticised the ‘Virtual pool policy’ of Satyam Computer Services and said it was contrary to the assurances given by the Prime Minister about protecting the interests of the company and its workforce.
The recent third quarter results revealed that the company made a profit of Rs.160 crore even after the turbulence it had gone through. Investors too reacted to the recent results with enthusiasm causing the Satyam stock to hit the upper circuit filter on the Bombay Stock Exchange. One should also remember that Satyam received new business orders worth $380 million (Rs.1,800 crore), .


The good performance of the company was only because of its committed workforce, still A ‘Satyamite’ is being kept in VPP..
A great honour to Satyamite for his commitments, with a slashed pay packet. data by hindu

I completly agree with what Mr Satyam has said, it is indeed a good sweetner,
I personally feel that, this step was there on TM's cards, however if u guys remember the firing-reinstating incident of Jet-airways, The actions taken by TM simply tells us that they are just playing safe and eventually they also want to fire ppl, but jor ka zatka jara dhire dhire...

There is nothing good as VPP plan has covered all the person who has been on bench . the persons who were generating revenue for company since past 4- 5 years n because of raju case their project gone n came to bench are getting same treatment as the persons who are sitting idle since past 2 yaers are getting . Its not fair.really its panic. & second thing if the persons are sitting idle that is also not their misatke ,company ahs hired , comapny has to utilize them. rather than utilizing them company is spoiling their career n giving hell of fristrayion.

In Satyam there is no Satyam.

It was a jinx that i joined this holyshit company after having a good 10 years of work experience from big MNC leagues only to be dissapointed/ VPP after 2 years.

I had 3 job offers during early Jan 2006 but joined Sat(urn)yam believing in their verbal commitment given by a vertical HR. Who said i was identified for a onsite project mgmt opportunity.

And surprisingly after few weeks of my joining this company gave me a sweetener..that blahblah project got scrapped...and blah blah..

So i managed some project teams with utmost commitment to build a longstanding relation and trust with my then sr. mgmt.

And after sometime when i expressed my intent and desire behind my joining this great company. I was slowly steered to punishment area (presales) and then i moved myself to business wait(BW) in a bid to get into some billale projects (Since presales force in Satyam is more like letting your ship go jones locker..you never know the results for your efforts)

In BW no one gave me a callback for seven months even after my repeated mails meetings reminders and all efforts..

Knocking the doors of CoRCC/RCC to place me in some good offshore projects was becoming a nightmare and good joke for them.

And then when i thought of leaving this company.. i got into a quagmire of unfortunate events and got into this sweet thingie.. VPP

Many filthy weasels i personally knew are safely harbored in the company though they are in BW for more than 4 months since Jan 2009..

But alas...the real workers, but emotional idiots, who had a tough time handling pathetically bidded projects and who fighted for resource levelling with management for successful delivery are termed unwanted and are added to the VPP list with malicious intention to avenge their ego.

To be a successful Satyamite you have to be an asshole...a bien foutre (a good fucking asshole)

BRAVO..

all the bad mistaken done by politicians. Nobady supporting to employees, even communist party also.

The corruption was done by not only by ramalingaraju. Top political leaders has done this. So first top politicians has to get punishment by court or etc...

Nowadays we are watching in paper and news some terrorists in bihar, Ap, etc. They have to care about this matter, then they can win. But they should not kill people. obey Gandhi ahimsa.

thanks & Regards,

Satyam employee

all the bad mistaken done by politicians. Nobady supporting to employees, even communist party also.

The corruption was done by not only by ramalingaraju. Top political leaders has done this. So first top politicians has to get punishment by court or etc...

Nowadays we are watching in paper and news some terrorists in bihar, Ap, etc. They have to care about this matter, then they can win. But they should not kill people. obey Gandhi ahimsa.

thanks & Regards,

Satyam employee

I HAVE BEEN PUT ON VPP .LAST WEEK HR TEAM CALLED AND SAID THEY R READY TO GIVE ME REJOINING ON 1 CONDITION..aND CONDITION IS UR SALARY PACKAGE WILL BE REDUCED BY 60 PERCENT.F***KING HR...MAY THIS HAPPEN TO THEIR CHILDREN,THEIR FAMILY MEMBERS.HOPE SUCH COMPANY WILL FALL ONE DAY WITH ITS "HAPPY CEO" AND HR TEAM GOT F****ED BE EACH VPP EMPLOYEES...