Monday, November 29, 1999

Companies hit by lean staff turnout

News posted by www.newsinfoline.com

Mumbai, July 5 -- Caught between the ruling party's dictat to run business as usual and the Opposition's Bharat Bandh call, companies were tight-lipped on the strategy for the day apart from saying they were trying to keep essential sevices running. The strike had a huge impact on offices: companies saw attendance dip over 50 per cent, and over half of bank branches were closed. "We have our operations on and wherever possible we have opened our branches," said a senior official at a leading private sector bank on the condition of anonymity. "We have just tried to ensure the customers are not affected." MNCs maintained a similar stand. "We were not closed officially but there was lean attendance on Monday," said an official at a multinational financial services company."We made special arrangement for our essential staff to ensure that the trading, clearance and settlement is not disrupted," said a senior BSE official who did not wish to be named.

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