Foreign companies are more ruthless about firing the employees than the Indian companies. Why?
If u fire too many Japanese workers as a Japanese boss, u'd be sort of expected to pay penance to the families of the unemployed by doin' hara kiri (ceremonial honor suicide). Or in France, u might find urself in ICU (intensive care unit) by an angry mob of pissed off workers. Well, in USSR, comrad Gorby tried the policy of firing workers after Perestroika, and te people responded by bringing down the country. Or try that in South Korea & see where life takes u. In Sweden, unless u pay 70% of salary unemployment grat fees on a quarterly basis, u get sent 2 prison as an MD.
So not all can just fire ppl as they wish. India is middle ground, but leaning more towards leissez faire policy. In India, u are expected to retain ur staff, because u pay a VERY less percent of corporate profits as salaries to them , and there is no mandatory percent profit reallocation quota 4 corporations & private sector in our law.
Also foreign ...more