TCS sacks 16 employees, bars 6 vendors
IT major’s investigation into bribes-for-jobs scandal found involvement of 19 employees
Australian Stock Exchange selects TCS to modernise its cash equities platform
Bengaluru: Tata Consultancy Services (TCS) has sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal. In an exchange filing, the company said that its investigation found 19 employees to be involved, and action has been taken against all as detailed here - 16 employees have been separated from the company for code of conduct violations, and three employees have been removed from the resource management function.” The IT major also debarred six vendor entities, their owners and affiliates from doing any business with TCS.
Further, TCS said it would continue to enhance its governance measures, including a) regular rotation of personnel performing key roles in the resource management function, b) enhanced analytics on supplier management, c) periodic declarations by vendors on compliance with the Tata Code of Conduct and know your supplier process to cover additional declarations, and d) Vendor management process audits.
