Satyam board meet on June 11
The board meeting of Satyam Computer is expected to be held on June 11 after its new owner Tech Mahindra takes charge and the board may draw a consensus on laying off as many as 5,000 employees in phases, reports Economic Times.
It is learnt that the meeting is scheduled to be held on next Thursday or Friday and for the first time the full board — six government-nominated members and four member from Tech Mahindra (through its arm Venturebay Consultants)– will discuss the business strategies.
Tech Mahindra had recently said Satyam has 10,000 surplus staff and the company would look at the ‘least painful’ ways to handle the situation.
