The termination of another 36-year-old male employee from TCS has been stayed for two weeks by the Madras High Court on Wednesday. TCS had ended the services of this employee in December 2014. The court has also directed State Labour Conciliation Officer to commence proceedings to ascertain whether the fired TCS employee is a “workman” under the Industrial Disputes Act. The conciliation officer has also been directed to determine if IT establishments can be perceived as an industry under the ID Act.
CHENNAI: Tata consultancy Services on Tuesday revoked the termination of an employee who had first moved the court last week against TCS’ decision to terminate her services. The counsel for TCS submitted in court that the decision to revoke the termination is “in line with the practice of exempting employees who are pregnant from being relieved from the company.” TCS called this revocation as an exceptional case.
Employers are taking a cautious approach to hiring in the first half of 2015 with a net 37% of employers expecting to increase headcount in the first half of 2015, according to the latest Hudson Report: Employment Trends. “A slowdown in growth due to lack of demand from the Eurozone and China has affected certain industries while others will fare strongly on the back of US growth,” says Emmanuel White, General Manager, Hudson Singapore.
Australia’s online employment marketplace Seek is looking to fully acquire its pan-Asian counterpart Jobstreet for US$523.5 million, according to the Wall Street Journal. The deal will see Seek buying the remaining 78 percent of Malaysia-based JobStreet that it doesn’t already own. With the full JobStreet acquisition, Seek will have more reach into Malaysia, Singapore, Indonesia, and Vietnam. In December last year, Seek also bought 60 percent of JobsDB from Hong Kong-based JDB Holdings for about US$206 million.