Educomp Solutions sacks 800-900 employees: Sources
Educomp Solutions seems to have sacked 800-900 employees and more may be asked to leave, sources said.
By Sumit Chaturvedi, 
| Updated:
| Updated: MUMBAI: Educomp Solutions seems to have sacked 800-900 employees and more may be asked to leave, sources said. The salaries of existing employees have been delayed, they added.
However, management clarified that there is no retrenchment and any attrition is as per normal course. The company is regularly meeting all payment commitments.
Educomp Solutions employs around 15,000 across 27 offices in India, North America and Asia Pacific.
The stock ended at Rs 172.50, down 1.20 percent on the NSE. It touched a high of Rs 176.25 and a low of Rs 169 today.
However, management clarified that there is no retrenchment and any attrition is as per normal course. The company is regularly meeting all payment commitments.
Educomp Solutions employs around 15,000 across 27 offices in India, North America and Asia Pacific.
The stock ended at Rs 172.50, down 1.20 percent on the NSE. It touched a high of Rs 176.25 and a low of Rs 169 today.
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