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HTA to become leaner by April

18-February-2002
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HTA to become leaner by April

The agency has been in news for sometime now. Whether it’s to do with the late distribution of increments, the resignation of Mr. Sunil Gupta, or creating a new post of president and naming Mr. Kamal Oberoi, the successor of M K Khanna, sale of shares to JWT, setting up of Mindshare or for that matter retaining its No. 1 slot as the largest agency in India.

For a long time now HTA has been known as an agency with excess people. Infact these very people were the strength of the agency at the time of crisis in 1975. Almost every staff (read non-management and management) owns a share. It’s due to their hard work and dedication, that the company has been able to keep its flag high.

It all started at the end of January, when a few people showed their willingness to quit. What was noteworthy in this gesture was that almost all of them had more than 20 to 25 years of service to their credit. This also meant that they stood to lose the money, which was due to them by sale of shares.

Considering the number of years they had contributed to the growth of HTA, and as a gesture of appreciation, the company decided to allow the staff to go on extra ordinary leave with immediate effect but they remain employees of the company till April. Thus ensuring that they don’t lose out on their share money.

exchang4media has come to know that encouraged by such a gesture, more and more people are going for this option. It’s not known whether this is a VRS scheme brought out by the company or it’s another way of giving people a golden handshake. Either ways we are on the brink of seeing a lean, new look HTA all set and raring to go. Watch out for this space for more.

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