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MK Stalin slams Centre, TN govt over IT industry layoffs amid economic slowdown

Tamil Nadu Opposition Leader and DMK chief MK Stalin has slammed the state and central governments over the level of unemployment, in view of reports regarding layoffs in the Information Technology sector. In recent weeks, IT majors have announced restructuring of firms, laying off thousands of workers. Even as he flayed the central government over an economic crisis of unprecedented proportions, Stalin said that the state government should take proper measures to avoid job cuts in IT firms in Tamil Nadu.

“The AIADMK’s administration, in which the state government has not even thought about creating more job opportunities for youngsters, comes as a curse to the state. The IT firms in Tamil Nadu have already been giving some fake reasons to fire many of its employees from their workforce. Meanwhile, there are reports that point out that due to BJP’s poor economic plans, over 40,000 IT employees will lose their jobs in the country,” he said in a statement.

On Friday, India’s GDP growth rate for the September quarter, released on Friday, slumped to 4.5%, its lowest since January-March 2013 — marking the fifth successive quarter of decline. Reacting to this development, Stalin took to Twitter and said, “GDP at 4.5%. Lowest economic growth rate in six years! This is not just an #EconomicSlowdown, this is an economic crisis of unprecedented proportions. The Govt needs to stop deflecting and start reflecting on its economic strategy.”

Further, he condemned the state and central governments for not showing any interest in preventing unemployment. “It is dangerous to think that the state and the central governments have been playing this game without any concern for the youngsters who are considered the future of this country. Therefore, I request the AIADMK in the state and the BJP at the Centre to immediately take proper steps to solve unemployment and the problem of IT employees being fired in bunches.”

Source: The News Minute