hyderabad: Mahindra Satyam has won an IT outsourcing contract from Swedish defence and aerospace firm, Saab, to develop its operations for the global defence and security market in India in a deal valued at around $300 million.
The contract, which is spread over a period of five years, encompasses engineering services and technology maintenance and will enable both the companies jointly to address the Battlefield Management System (BMS) for the Indian Army.
Mahindra Satyam has already initiated the setting up of a centre of excellence for network centric warfare (CoE - NCW), which will offer comprehensive skills and a repository of tools, systems, middleware, integration platforms and system showcases in the field of NCW.
The company through the CoE hopes to tap the high potential market for nationwide security, for which the Indian government has large investment plans. "This relationship will jumpstart our foray in mission critical areas of defense. Our commitment in the domestic market will be reaffirmed by this collaboration and also set the stage to enter uncharted territories in the global arena," said C P Gurnani, CEO, Mahindra Satyam.
The centre, which will be accessible to both the partners, is for mission critical applications and Command, Control, Communications, Computers, and Intelligence solutions for global opportunities. The capabilities of the centre will also span areas of homeland security to provide end to end security solutions.
"We view this relationship with Mahindra Satyam as a strategic meeting of two highly skilled teams believing in technical and engineering excellence," said Ake Svensson, President and CEO for Saab. Mahindra Satyam, which counts Citigroup, GE, GlaxoSmithKline, Cisco Systems and Nissan among its top five clients, has over 430 clients now.
Showing posts with label mahindra satyam. Show all posts
Showing posts with label mahindra satyam. Show all posts
Friday, November 6, 2009
Saturday, October 24, 2009
Mahindra Satyam may Layoff 5000
Chennai: Months after assuring that there would be no further lay offs, Mahindra Satyam may just lay off another 5000 benchers. Many employees on the Virtual Pool Program (VPP) of the company have been sent a formal notice of two months by e-mail.
According to the Times of India, the mail dated October 19, reads: "In our earlier communication dated June 11, 2009, you were placed on VPP for a period of six months and accordingly, your Virtual Pool Leave is due to end on December 18, 2009. It is rather unfortunate that due to the continued economic constraints and business outlook, we do not anticipate that we will have the ability to recall many of our valued associates within the VPP period."
On June 11, the company had announced the creation of the virtual pool, placing around 8,000 associates on the bench. "The surplus employees will be put in the VPP and paid basic salary, PF and medical insurance," Vineet Nayyar, CEO, Tech Mahindra, had said while ruling out any retrenchment.
However, with the six-month period of the VPP set to lapse in December, the company has served a two-month notice, as required by the employment contract, reportedly on over 5,000 employees. Sources said that the company did not have enough projects on hand and was not able to recall many associates.
A Mahindra Satyam spokesperson said that the company had absorbed about 1,500 associates from the virtual pool. The spokesperson also denied that the company was "laying off" people, even as the mail speaks of "separation of employment".
"We have given these employees an option of availing outplacement services. We will try to help them to the best of our abilities," he said.
According to the Times of India, the mail dated October 19, reads: "In our earlier communication dated June 11, 2009, you were placed on VPP for a period of six months and accordingly, your Virtual Pool Leave is due to end on December 18, 2009. It is rather unfortunate that due to the continued economic constraints and business outlook, we do not anticipate that we will have the ability to recall many of our valued associates within the VPP period."
On June 11, the company had announced the creation of the virtual pool, placing around 8,000 associates on the bench. "The surplus employees will be put in the VPP and paid basic salary, PF and medical insurance," Vineet Nayyar, CEO, Tech Mahindra, had said while ruling out any retrenchment.
However, with the six-month period of the VPP set to lapse in December, the company has served a two-month notice, as required by the employment contract, reportedly on over 5,000 employees. Sources said that the company did not have enough projects on hand and was not able to recall many associates.
A Mahindra Satyam spokesperson said that the company had absorbed about 1,500 associates from the virtual pool. The spokesperson also denied that the company was "laying off" people, even as the mail speaks of "separation of employment".
"We have given these employees an option of availing outplacement services. We will try to help them to the best of our abilities," he said.
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