Thursday, September 18, 2008

Indian Employees of Lehman

While Lehman's North American operations may have been taken over by Barclays, the fate of Asian offices continue to be in suspense.

UTVi visited the back office operations of Lehman in Mumbai, and found that lack of official communication has made employees anxious about their jobs.
The operations, which was set up in 2005, employ 2,500 people, and have come to a stand still after the parent company declared bankruptcy on Monday.
UTVi spoke to some employees who said they have not received any official communication regarding their jobs.
Top officials from Lehman were expected to visit the India office next week, and decide the future course of action.

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