NAB has been planning for some to move more jobs to outsourcer Satyam, in India. These intended losses were to be the second wave, including moving their payments system, to Satyam.
In the meantime, the co-founder and chairman of Satyam,B. Ramalinga Raju, has admitted to comitting fraud involving misrepresenting the companies accounts , a $1 billion fraud.
As of this past weekend, NAB is backing away from the Satyam debacle and it's plans to dump workers and move the jobs to India are in disarray. Instead, it is now trying to make a virtue out of the mess by saying it has reduced its dividend for the forst time in 18 years and no jobs will be lost. They have even asked their redeployed IT workers if they would resume their old jobs.
How happy would you be if you worked for NAB and barely missed having your job outsourced due to an extraneous event like crime where your job was supposed to go? The HR staff at NAB have been handed a disaster by their bosses.
I wonder if the authors of this mess will all be rewarded with fat bonuses, while the people they were planning to sack this week wonder when the plans to boot them out of their jobs will resume.
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