Bluelabs Doomed.100s Lost Job!

Bluelabs Technology Solutions, an IT services company, wound up its two facilities operated from Infoparks at Trichur and Kochi last September. Hundreds of IT professionals lost their jobs in the sudden shutdown of the company. The company was functioning in the fields of IT, Design, and Managed services. They were the developers of the new website of Federal Bank.

Many of the employees were denied their salary for 5 to 6 months, which may go upto 2 to 3 Lakhs. When the employees found out that their PF was not paid by the company even though the amount was deducted from the salary, they had filed a complaint with the commissioner of Employee Provident Fund.

According to keralaitnews.com, the CEO of the company said that there was a loss of Rs. 6 Crores and he was left with not other option but to shutdown.

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Posted by SURYAJITH on Oct 2 2010. Filed under IT News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

bright

October 12, 2010 - 9:52 pm

I know this guy. He’s a thorough cheat.

Shyam

October 15, 2010 - 12:07 am

i too know him when he was in coimbatore….This is the condiiton of IT in kerela at Inforpark/techniopart and smart city. jsut hype..like a baloon..

Someday it will blow away..

October 15, 2010 - 12:31 am

__http://www.go4funding.com/Looking-for-Investors-for-a-Start-up-IT-Company/P19806.html

Looking for Investors for a Start up IT Company
Posted by: Mathews Jose on 9/29/2010 9:15:56 AM
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