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“The layoffs at FIS were not just isolated to Pune but were done across India. They have facilities in Bengaluru and Gurugram as well. They employed over 20,000 people in India,” the source said.
“Never end a sentence with a preposition,” “Never start a sentence with a conjunction,” and “Never split infinitives” are the Night of the Living...
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This is a list of last surviving veterans of World War II (1939–1945) among various groups of veterans, as identified by reliable sources. About 70...
Read More »Former employees and employee associations say that the mass layoffs at global fintech company Fidelity National Information Services (FIS) are in violation of the Industrial Disputes Act 1947. Employee association NITES’ President Harpreet Singh Saluja told Business Today, “The company has violated provisions of the Industrial Disputes Act and is aiming to restore investor confidence by reducing headcount arbitrarily. It is worth noting that the Industrial Disputes Act of 1947 regulates Indian labour laws for people employed on the Indian mainland. The act lays down the procedure for prior permission of the appropriate Government for laying off or retrenching the workers. An employment lawyer told Business Today, “If an establishment employs more than 300 employees, it must take prior approval of the proper government authority regarding approval for layoffs, retrenchment, and closure.” A FIS spokesperson noted that the total strength of FIS is 60,000 globally and one third of those account for India headcount. The employment lawyer also noted: “If an industrial establishment employs more than 50 persons, it needs to give a 60 days' notice to employees.” The terminated employees at FIS have got a 30-day notice period with pay. The document sent out to employees on December 1 says, “FIS has decided to terminate your employment with effect from December 30.” Business Today reached out to the company to check if they have sought the government’s permission to conduct the layoffs. The company did not reveal this information but a company spokesperson said, “During the FIS Q3 2022 earnings call, we introduced our plan to address current macro-economic challenges. Rightsizing our portfolio and our workforce have always been an important part of our growth strategy to serve our clients and meet market demand'.” A person familiar with the matter told Business Today that the company has sacked employees not just in Pune but across India. “The layoffs at FIS were not just isolated to Pune but were done across India. They have facilities in Bengaluru and Gurugram as well. They employed over 20,000 people in India,” the source said. Despite the mass layoffs, a FIS spokesperson noted that the company is committed to its operations in India. “FIS has had a presence in India for more than two decades and remains committed to this important market for its continued growth,” the spokesperson said.
Quotes by Famous People The greatest glory in living lies not in never falling, but in rising every time we fall. - ... The way to get started is...
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The Best Bug Out Bags 1 - The Best Overall Bug Out Bag: Mystery Blitz 30. 2 - The Best Bug Out Bag on a Budget: Condor Tactical Response. 3 - The...
Read More »The Financial Information Service (FIS) is an education and information service available to everyone in the community. While the FIS service does not provide financial advice, FIS Officers can help you to make informed financial decisions.
Forensics can identify minerals, synthetic fibers, and a number of other materials that can help determine air quality, contamination, or any...
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Generally, yes. If factory centerfire cartridges are stored in a dry, cool place with low humidity, preferably in an airtight container, they can...
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