L&T Infotech on Tuesday clarified that it had withdrawn job offers of less than 1,000 students, not 1,500 as reported earlier.
Several affected students met Tamil Nadu’s infotech minister and infotech secretary along with their teachers and some local politicians on Tuesday and sought government intervention in the matter.
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Meanwhile, L&T Infotech said it is one of the largest recruiters of engineering students in India. “While empathising with plight of the students, we clarify that L&T Infotech had issued only ‘Letters of Intent’ to prospective employees and not ‘Letters of Appointment’,” the company stated.
“This was explicitly stated in the terms of our offer. All stakeholders were clearly aware of the terms of the letters issued by us. All actions by the company were consistent with our Letters of Intent”.
The company cited “poor performance” of the students in the second online test, conducted in March as the reason behind withdrawal of job offers. The company said its growth and high margins will continue in the current financial year and it would continue to hire the best talent from the campuses.
The company is planning to launch a Rs 1,400-crore share sale in the coming weeks.
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