Suits & Sayings: Local Problem

The blame game is getting louder at the India arm of a global consumer durables major. With the business and workforce already considerably downsized, the global parent and local leadership are said to be pointing fingers at each other over who brought things to such a pass. And the troubles may be far from over, with another round of departures reportedly in the offing. The buzz is that employee confidence is wearing thin under what insiders describe as a “placeholder expat CEO”, with many seeing little prospect of growth unless an Indian takes the helm. For a company struggling to hold on to its business, holding on to its people is proving just as challenging.

(For more on our weekly roundup of wackiest whispers and murmurs in corporate corridors & policy parlours, pick up today's edition of The Economic Times newspaper)