Tuesday, June 9, 2009

Satyam paid over Rs 1,000 cr salaries in Jan-Mar

Satyam Computer today said it has paid Rs 1,000 crore to its employees salaries in January-March period.

The scam-hit firm said in a statement that it had spent Rs 91.17 crore on medical insurance for employees and Rs 251.55 crore on statutory compliance.

According to the cash outlays information of the company for January-March period, the IT firm had spent a total of Rs 1,026 crore on paying salaries and another Rs 342.72 crore in other employee-related segments.

The total headcount of the company was 41,622 at the end of March, whereas its subsidiaries, including Satyam BPO, had an employee strength of 3,828 associates.

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