59 Mastek 'benched' staff to quit

Published on Fri, Feb 06, 2009 at 08:42 |  Source : Business Line

Updated at Fri, Feb 06, 2009 at 12:16  

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Mumbai, Feb. 5

Fifty-nine employees of Mastek Ltd have decided to leave the company three days after the IT firm 'benched' 10 per cent of its staff.

"We have received communication from every one of the 425 employees who were to be put on the virtual bench. Over 85 per cent of them have decided to continue with the company," a company spokesperson said here on Thursday.

The Mastek scrip was down by 2.1 per cent to close at Rs 137.6 on the BSE today

On Monday, Mastek had informed 425 of its employees that they have been put on a virtual bench for up to the next 12 months.

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