The winding up petition versus the Fusionex Group of companies remain pending ahead of the court and with the Court docket hearing the petition in May possibly 2024. Yet again, Hitachi’s legal team have been refused a duplicate in the ‘Authorities Directive’ and only perm

To facilitate the changeover Hitachi will honour December payments to all its employees, said the files. Along with that, an additional amount of money similar to a January income will be presented over a goodwill basis. The existing administration is likewise arranging assist for workers to search

Inside a created reaction handed to Ivan around the working day on the meeting, Hitachi expressed grave problem in excess of the lack of communications and transparency by Ivan and his Management team above the particular character of the economic circumstance of Fusionex. I am anxious the steps

“In essence the company is winding down. There loads of people who are anxious Together with the uncertainty. Presented their expertise as well as their profile, most would've no challenge getting a position before long, that’s my guess,” reported the employee. Because the e

A couple of days later on the inhouse lawful counsel for Fusionex showed Hitachi’s lawyers a copy of One more ‘federal government directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any knowledge With all the audit committee. Amidst the paucity of knowledge