Except for the minor detail that the ex-Cisco labor rates will be 1.5x the LNT/Permira average. That will go over well with the BD teams.
17 replies (most recent on top)
When primera decides to scale down, the people in North America will be moved to other projects.
So its "Not such a bunch of bad bastards" is it ?
Overview
Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in over 30 countries around the world.
L&T is engaged in core, high impact sectors of the economy and our integrated capabilities span the entire spectrum of ‘design to deliver’. With over 7 decades of a strong, customer focused approach and a continuous quest for world-class quality, we have unmatched expertise across Technology, Engineering, Construction, Infrastructure Projects and Manufacturing, and maintain a leadership in all our major lines of business.
Every aspect of L&T's businesses is characterised by professionalism and high standards of corporate governance. Sustainability is embedded into our long-term strategy for growth.
The Company’s manufacturing footprint extends across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.
The plan sounds cost-effective to Permira. No need to rent facilities and hire operation persons in those unimportant sites.
If you're in SPVSS and have never heard of L&T, you must be living under a rock or blissfully clueless.
Is a technology/contracting company based in india. Some of the people in jerusalem were transferred there in the last LR. I think most of them are quite happy
What is L &T ?
OK, wtf is "L&T" ?!!
Do you think we are mind-readers ? putz !
Sounds like an invitatation to leave. Opportunity cost of waiting 18 months, when the next recession is as likely as not, is huge.
after this group is moved to L&T, you have to stay 18 months, then have option to get regular severance or resign and get nothing if you don't wait it out
How will L&T treat those people?
Will there be layoffs in LWR?
London Ontario is already L and T
S. Weinberg is back to lead Toronto. He will right size the robust team and move from there to Ontario. Will be announced next week.
Any confirmation on the LRs expected?
What about London, Ontario?