IT companies suffer $60 million loss due to Chennai floods
CHENNAI: Crippling floods in the city have caused huge losses to the IT industry. IT insiders have pegged the losses at $5-10 million for mid-size firms and $40-50 million for large companies. Cognizant, Infy, TCS and other IT firms have been organizing buses every hour to send employees to Bangalore.
Around 2000 employees of each of these companies have already left to work out of Bangalore. HR departments of IT companies are trying to contact each and every employee in Chennai to check their status. Many employees are still stranded in their homes.
Subhas Chandra ganguly
Untold miseries.Loss of lives,money,material are immense.Hope normalcy is restored soon.
I Do Not Care About Loss of Lives and Infrastructure!!!? Our Deliverable are effected which is more valuable than lives of employees, infrastructure and even more than myself. BY Indian IT Cos.
Abjinder Pal Singh
Yes the losses are going to be huge……
seriously, you guys lost $60 million , another way of accounting it seems
They want to relocate the employees and continue the work, rather helping in relief work for people. money minded idiotic management
Pabitra Kumar Behera
Hr is not at all concerned about their employees. They are just concerned about their 50 million $ business.(350 crore). Shame on corporates in India and Corporate and Labour minister and Prime minister
Money lost can be made up later but lives lost never comes back
Greedy companies. Nature has given rest to employees who otherwise are always swerved like machines..cos have to understand machines n humans are different
HR to Immediately terminate those employees who do not attend their duties even by hook or crook.
IT company got another excuse for no salary hike……………………..lol
IT firms also part of corruption. Nature will not spare anyone. Have to pay the price for it IT.
This loss can be made good in future. Now it is time to take care of your employees
Why are we talking about IT company omly ?
The loss is immeasurable ! Life is disturbed for millions, many hundreds have last their lives. Very shocking
The nature’s fury may have cost huge economic loss by crumbling infra Chennai has !
Now no hike for employees for next 2 years to compensate loss