Nokia offers 'voluntary retirement' to 6,000+ Indian employees Nokia has decided to allow an unspecified number of employees at its massive Chennai plant take voluntary retirement (VRS), as it battles local tax authorities and an April 30 deadline for transferring the factory to Microsoft. The Finnish handset maker issued the following statement on Friday, seen by PTI: As a global …
"... around 2,000 staff went on a one-day hunger strike two weeks ago to demand greater job security."
Can someone explain this to me? Is this a strike without snacks? Or work without breakfast? It just sounds so much like "You're so mean to us we're not going to use the letter 'K'!" How does that wor'?"
Hopefully senior managers in companies are finally starting to understand what their staff have long been telling them: that off-shoring and outsourcing might look attractive to the short term bottom line, but after 6 months or so they sure as hell cost a lot more than keeping your expertise and best people in house and near.
It was never supposed to really reduce costs.
Like many things that publicly floated companies do, it increased share-price, which contributes to the value of the company, as opposed to doing things effectively which makes a public company more efficient but no more valuable.
It's a trap that many publicly listed companies fall into. Their share value is about perception and being seen to be doing the 'next big thing'. Many of these same companies ploughed millions into failed e-comm projects first time around and never realised much real gain from them in terms of bottom line... but who needs to when it secures a 10% share value hike?
Off-shoring has been wildly successful in terms of doing what the Board wants it to do. It's just that 'being effective' is not part of the requirements.
...but, tbh, I couldn't give a damn. Not after seeing how the industry was decimated, and wages driven down, by Brainless Talking Heads constantly touting the benefits of offshoring all those years ago. So how does it feel, Chennai? (As an aside, IBM India only gave their staff 2 hours notice to vacate the premises.) There's more where that came from. Pass it along while I get my popcorn, pull up a pew and settle in....
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
