Subhiksha to shut down 160 stores

Two years ago, I wrote about filthy customer service in Subhiksha stores. It appears that thousands of other consumers also felt the same way. Subhiksha is closing 160 stores nationwide according to Economic Times. The report adds that Subhiksha has not paid the salaries to its 15000 employees since October 2008. Subhiksha has also faced allegations of default in store rental payments from property owners. Subhiksha has also been defaulting on its rent payments. It is looking to renegotiate rentals with the real estate owners. Besides, employee salaries and store rentals, Subhiksha has also been defaulting on the payments of…

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Dismissed employees kill CEO

I worked in many companies where I saw massive layoffs. I witnessed an incident where one of the terminated employees shot himself in his car. But, dismissed employees killing their CEO is a shocking news especially in a country like India. L. K. Chaudhury, the CEO of Cerlikon-Graziano Transmissions India, the Indian subsidiary of an Italy-based company in Udyog Vihar of Greater Noida, was killed when the agitating workers turned violent and beat him up, Outraged workers became desperate and took their revenge. It’s not going to give them their old job. Instead, they will be given new jobs in…

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