Friend working for a railway contractor - entire team outsourced to TCS

[tennisluvrredux]

Working since 5 years. 

US lo both freight and passenger trains ki primary parts supplier. 

Job with pension benefits. 

1 month back got a notice that job is outsourced, thaanokkade kaadu entire team of some 150 FT employees lepesaaru. 

Asked them to give KT to TCS workers who are going to replace them. 

Team is 50% desi, 50% locals, all the locals extremely pissed about giving KT to those who are going to replace them as they are going to lose out their pensions. Some have worked for close to 20 years, pensions fully vest after 20 years so they are left out and hung to dry last second. 

All happened after their VP of technology recently resigned and was replaced by a Mumbai born and brought up desi. 

2 months of severance pay and that's it. 

[DesiPokiri]

Okay

[tables]

20 years ki vest avadam Enti pension? Usually 5 to 7 years untadi 

[tables]

And also btw is pension a really good benefit these days?

[Rushabhi]

Name and shame, lawsuit

[Piracy Raja]

good.. 

[tennisluvrredux]

18 minutes ago, tables said:

20 years ki vest avadam Enti pension? Usually 5 to 7 years untadi 

So pension vesting ante there are work places where you won't get 100% pension benefits until you put in 20 years(usually), but yes they would be eligible for some pension which they would get after they put in a certain number of years. 

For example let's say your company says you would have 50% of pension benefits after you complete 10 years and 100% after you complete 20 and let's say you were let go after you complete 19 years of service. You effectively lost 50% of your pension benefits by missing that 1 year. 

[tennisluvrredux]

19 minutes ago, tables said:

And also btw is pension a really good benefit these days?

Good for some, usually those that plan to stay in one place and work and retire there. Family roots ala unnollaki it's a very good benefit. Most of desis don't care since we don't really have our roots here but locals ki chaaala attractive option idi since they can stay close to their family and friends that they grew up with. 

[FLraja]

ivanni evaru aapaleru. covid lo konchem slow ayinay but will speed up in recession. for example hacker rank mottam desi santa 90% offshore managed

[Swatkat]

45 minutes ago, tennisluvrredux said:

Working since 5 years. 

US lo both freight and passenger trains ki primary parts supplier. 

Job with pension benefits. 

1 month back got a notice that job is outsourced, thaanokkade kaadu entire team of some 150 FT employees lepesaaru. 

Asked them to give KT to TCS workers who are going to replace them. 

Team is 50% desi, 50% locals, all the locals extremely pissed about giving KT to those who are going to replace them as they are going to lose out their pensions. Some have worked for close to 20 years, pensions fully vest after 20 years so they are left out and hung to dry last second. 

All happened after their VP of technology recently resigned and was replaced by a Mumbai born and brought up desi. 

2 months of severance pay and that's it. 

Ma company lo kuda pensions apaesaru 1 5 years back. 

[tennisluvrredux]

1 minute ago, FLraja said:

ivanni evaru aapaleru. covid lo konchem slow ayinay but will speed up in recession. for example hacker rank mottam desi santa 90% offshore managed

You mean people that work for hackerrank or people that use hackerrank? 

[tennisluvrredux]

Just now, Swatkat said:

Ma company lo kuda pensions apaesaru. 5 years back. 

Meedi govt aa or govt affiliated? 

[Swatkat]

Just now, tennisluvrredux said:

Meedi govt aa or govt affiliated? 

Wrong info bro epude adiga colleague ni. Pension plan ledhandhi. But yeh vallaki istharu le compensation 19 years chesevallki ivalehdantey desi gadi g pagal kottali papam

[Swatkat]

I

4 minutes ago, tennisluvrredux said:

Meedi govt aa or govt affiliated? 

Bro confirmed 15 years back ichevallu anta. Madhi private company 

[tennisluvrredux]

Just now, Swatkat said:

I

Bro confirmed 15 years back ichevallu anta. Madhi private company 

Yeah lots of companies that used to do pension don't do that these days anymore