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'Salary Cuts' a better option for IT people than 'Job Cuts'

Neha Dhamija


UNITES, (Union of IT enabled Services) India believes the Global Economic slowdown is to continuously cause job cuts in the sector. The total number can rise up to 50,000 by June of 2009, for both the IT and BPO sectors. This value stood at 10,000 in September-December period.


Though a major chunk of this came from mid-sized companies, however, the small- and big- sized ones are expected to follow their foot steps, thereby giving a huge surge to the statistics.


UNITES is a politically neutral association that is affiliated to global union United Network International. The General secretary Karthik Shekhar divulged the information while he was talking to PTI. However, he expressed the possibility of companies moving towards ‘dilution of remuneration and incentives amounts’ rather than going with the decision of laying-off more employees. The workforce too is ready to go with the cuts in compensation, for 12-16 months, till everything gets back to normal.

 
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