Foxcom company is moving towards shutting its Chennai unit, which will result in more than its 1,300 workers unemployed. The unions have been negotiating with the management to continue its operations, but on the plea of loss, the company is closed for the last one month. The company is moving to close down the unit permanently. The intervention by the state government has not been successful.

During the last few months similar things are happening with job loss for thousands of workers. The Tata Consultancy Services(TCS) is on the process of retrenching about 70,000 of its high tech officials, though the company denies the same, stating that the number is much less and it is a regular feature. The retrenchment is done so that the employees with some years of service and who are getting higher pay can be retrenched and new employees recruited to whom low salary can be given, thus reducing the salary expenditure.

Against this new attack, the IT professionals demonstrated in Delhi two days back. They have also decided to form trade union to defend their rights and jobs.