Business Standard
Saturday, Feb 18, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Premji assures support for affected staff in France
BS Reporter / Bangalore Oct 29, 2009, 16:06 IST

Azim Premji, chairman of India's third-largest IT services company Wipro, today assured officials of the ministry in France that the 60-odd employees — who were working with the company's wireless IT division in Sophia Antipolis — will receive support even as it plans to exit the wireless intelllectual property (IP) product business.

During his discussion with Christian Estrosi, Ministry of Industry (Paris), Premji reiterated his company's commitment to France as a key growth market for Wipro.

wipro
BSE | NSE
Price  
wipro
“We reiterate our commitment to France, a key growth market for Wipro. We look forward to growing our presence, serving our customers effectively and creating employment opportunities in the country,” said Premji.

He explained that his company had implemented exemplary social measures to support the employees at the Sophia Antipolis center who were affected due to Wipro’s worldwide exit from the IP Connectivity business. These measures include support to encourage employment and entrepreneurship, as well as financial benefits.

During the discussion, Estrosi reiterated a “strong attachment to the fact that all the employees of Sophia's centre can find again a professional future as quickly as possible, through solutions of employee take over or of company creation carried by employees”.

Talking to mediapersons during the company's quarterly results announcement this week, Wipro officials had stated that the company had come to an amicable settlement with the affected employees in France.

As a part of this, Wipro had offered the intellectual property developed at the centre, to the affected employees at Sophia Antipolis centre free of charge. Besides, the company had offered its office space and equipment free for charge to those employees free of charge, for a period of one year.

For the last three years, Wipro has implemented its development plan for its IT services in the French market. Christophe Martinoli, head of France, Wipro Technologies said, the company intended to double its staff base and revenues in France in the next 18 months to serve its in France better.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street up on Greece, but gains seen limited
- FII-TO-FII: Pantaloon traded at 7% premium
- Civic polls: Saffron alliance retains Mumbai, Thane
- MCX awaits trading rules in commodity options, indices
- Govt to provide incentives for electronic chip manufacturing
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- T N Ninan: Saving Mumbai
- Aditi Phadnis: The battle lines for Behenji
- Deepak Lal: Rights, stakes and Newspeak
- The malt of India
- Lehman withdraws winding-up petition against Wockhardt
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us