Termination without notice takes Powerwave Technologies(NASDAQ: PWAV) into Trouble

Powerwave technologies (A NASDAQ listed organisation based at California operating at Hyderabad is a global supplier of wireless solutions for wireless communications networks.)

The organisation has failed to give 3 months notice period to the employees before terminating them as per the employment contract. In fact they did not get their salaries too for last month. 250 employees working in India has filed a case with regards to the same.

Powerwave authorities had promised that at least the salaries would be cleared with the relieving letter, but it failed to do so.

This situation has aroused due to the heavy current financial crises that the organisation is going through and has filed for Chapter 11 (bankruptcy) early this year hence decided to shut its operations.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s