BPO firm Aegis mulls shutting Srinagar ops, but not over Kashmir unrest

Business process management firm Aegis was considering shutting down its Srinagar operations, but the local administration stepped in to bail out 70 employees whose jobs were on the line. The decision to shut down was driven by the ongoing slowdown in the telecom sector, rather than unrest in Kashmir. 

Aegis' Srinagar centre currently employs about 80-90 people but can staff nearly 250 seats with an employment potential of over 700. However, due to a slowdown in the telecom sector, the Srinagar operations had taken a hit, with local media reports claiming last year that the company will shut shop. 

However,