Infosys Create 20,000 new Jobs

Infosys, the second-largest IT services company in the country in the recent past, has come to the fore with a fresh look. It is getting ready to appoint 20,000 personnel in the current financial year. The company will announce that 20,000 people will be recruited this year, despite the fact that it has eliminated 400 people last year, "said PV Rao.

He said the country’s second largest software exporter is “creating more jobs, adding more people and letting go of only minuscule number of people, purely from performance related perspective”.

Rao met the minister along with Infosys co-Chairman Ravi Venkatesan. He declined however to comment on views of Infosys co- founder NR Narayana Murthy that jobs can be protected if the senior executives of companies take salary cuts and invest in employee re-skilling.

Infosys, the second largest software exporter in the country, will create more jobs. Infosys co-chairman Ravi Venkatesan also attended the meeting. Infosys co-founder NR Narayana Murthy has refused to respond to comments on senior jobs to give job-free junior level job opportunities.

 Union Minister Ravi Shankar Prasad said that the TCS recruited 2.5 lakh people in the last three years and will add another 20,000 new jobs this year. Prasad also asserted that IT companies like Tata Consultancy Services and Infosys continue to hire in large numbers.

“TCS has written that they have employed 2.5 lakh people in last 3 years and this year they are going to employ 20,000 more…all this talk of sluggishness is unwarranted,” he said. The comments come at a time when there have been reports of layoffs across the IT sector. Tech majors like Wipro, Infosys, Cognizant and Tech Mahindra have initiated annual performance reviews, a process that weeds out bottom performers or non-performers.

This has compounded fears that thousands of employees in the sector could be shown the door over the next few weeks. The IT sector is already battling challenges in the business environment and stricter work permit regime in countries like the US, Singapore, Australia and New Zealand.

Infosys itself last year recruited over 20,000 people and this year again, we are likely to repeat similar numbers,” Rao said. He added that in the first half of the year, the company will recruit over 10,000 people.

Ford invest $900 million in Kentucky plant, add 1000 Jobs

Ford announced a $900 million investment in the Kentucky Truck Plant which will secure 1,000 hourly jobs in Louisville. A news release...