BUSINESS

Tata Steel fires 38 workers for violating the organization’s “Code of Conduct”

According to Chairman N Chandrasekaran, Tata Steel dismissed 38 workers for violating the code of conduct. He also added that the business has taken action against three people for suspected sexual misconduct. Days before to Tata Steel’s action, TCS (Tata Consultancy Services) fired six workers in connection with an investigation into recruiting bribery.

Employees at TCS were fired when it was discovered that they had accepted favors from certain staffing companies in exchange for the hiring of contract workers. Three other TCS workers are being looked at for their involvement in the same issue.

In late February and early March, respectively, the firm received two different complaints from whistleblowers about the employment of business partners or contractual employees in the US and India, according to the Tata Steel Chairman. The company then looked into the claims.

He said that although he was unable to quantify the favors that these workers received, the prohibited employees’ actions indicated that they were endorsing certain businesses.

He stated, “The business will examine the whole BA (Business Associate) supplier management process, determine where the gaps are, and thoroughly tighten the procedure to guarantee that we do not have similar events.

The corporation made it clear that payments were requested to hire individuals, but claimed that unethical behavior was seen in the group in charge of allocating resources, which employs talent and fills gaps via BAs.

TCS has spent Rs 2500 crore in producing intellectual property in FY23, the chairman said, and has a corpus of Rs 50000 crore that may be used for expansion objectives.

Related Articles

Back to top button