Citigroup firing 17,000 in US, UK, hiring 9,500 in India
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Citigroup is to eliminate 26,500 employees in USA and UK. Moving jobs to low-cost location....where else...India.
To fire 17000 employees initially and about to hire 9500 in India.
http://www.iht.com/articles/2007/04/11/business/citi.php
http://www.informationweek.com/management/showArticle.jhtml;jsessionid=I0BMDD1W04AQ0QSNDLRSKHSCJUNN2JVN?articleID=199000256
http://www.elfinanciero.com.mx/ElFinanciero/Portal/cfpages/pdf_version.cfm?docId=51932
Location: God's own country
Posted on: 16-04-07 10:29:20
It is a logical move by Citigroup. It is said that Citi group is the largest bank/ fin. Institution in India.
Recently a cousin of mine who is studying 3 rd. year in a self financing collge got placed in Infosys. B'lore for 22K a month. Therefore as jobs are cut in the USA/Americas/EU, more and more people in India will get employment, even if they are not qualified.
TK A
Sidenote : I am not sure as to how long this boom will last in India.
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I am a Gents and not a Ladies.
Is 22,000 a month good salary in India ? I was getting 25,000 rupees in 1991 in a multinational with just a engineering diploma after 12 th that time.
Quote:
Originally posted by tamilkuravan
It is a logical move by Citigroup. It is said that Citi group is the largest bank/ fin. Institution in India.
Recently a cousin of mine who is studying 3 rd. year in a self financing collge got placed in Infosys. B'lore for 22K a month. Therefore as jobs are cut in the USA/Americas/EU, more and more people in India will get employment, even if they are not qualified.
TK A
Sidenote : I am not sure as to how long this boom will last in India.
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:
Originally posted by Loser
Is 22,000 a month good salary in India ? I was getting 25,000 rupees in 1991 in a multinational with just a engineering diploma after 12 th that time.
R u serious? I was getting Rs. 4000 in 1991 and I had an engg degree from a well known university. Just curious - What company were you working for?
Halliburton India ltd
Quote:
Originally posted by cdn_dude
Quote:
Originally posted by Loser
Is 22,000 a month good salary in India ? I was getting 25,000 rupees in 1991 in a multinational with just a engineering diploma after 12 th that time.
R u serious? I was getting Rs. 4000 in 1991 and I had an engg degree from a well known university. Just curious - What company were you working for?
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:
Originally posted by Loser
Is 22,000 a month good salary in India ? I was getting 25,000 rupees in 1991 in a multinational with just a engineering diploma after 12 th that time.
2000 was the average salary in India in 1991 for a Diploma-fresh candidate.
4000 - 5000 for a BE-fresh graduate.
25,000 in MEast.
But u got 25,000 in India, right after engg.diploma?
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Edited slash in ending quote tag[]
Diploma and 6 years expirience
Quote:
Originally posted by Vel1
Quote:
Originally posted by Loser
Is 22,000 a month good salary in India ? I was getting 25,000 rupees in 1991 in a multinational with just a engineering diploma after 12 th that time.
Quote:
2000 was the average salary in India in 1991 for a Diploma-fresh candidate.
4000 - 5000 for a BE-fresh graduate.
25,000 in MEast.
But u got 25,000 in India, right after engg.diploma?
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
