Hindustan Unilever exits BPO arm Capgemini

Hindustan Unilever exits BPO arm Capgemini

By SiliconIndia   |   Tuesday, 30 March 2010, 02:38 Hrs   |    4 Comments
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Hindustan Unilever exits BPO arm Capgemini
Mumbai: The FMCG major Hindustan Unilever (HUL) said it exited from BPO firm Capgemini Business Services India by selling its remaining 49 percent stake to IT consultancy firm Capgemini SA for an undisclosed sum, reports PTI.

"Hindustan Unilever has now divested its 49 percent stake in Capgemini Business in favor of Cap Gemini SA," HUL said in a filing to the Bombay Stock Exchange. Capgemini Business, formerly known as Unilever India Shared Services (USSL), was set up as an in-house business process outsourcing unit of the FMCG leader. In September 2006, HUL sold 51 percent stake in this firm to the France-based Cap Gemini SA, after which USSL was renamed as CGBSL.

HUL had earlier said as a part of its normal business process it continuously review its assets, including real estate, and on a case-to-case basis to unlock business value.

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Reader's comments(4)
1: How will this benefit the companies and its employees now?
Posted by:Tarun - 29 Mar, 2010
Nothing, Unilever offloaded a good number of employees in this process without much hassle and ruin of its goodwill in job market. This is a strategy used by this company for years. First form a subsidiary, push many employees into it assuring that nothing will happen to them. Then slowly sell its shares to some XYZ. You will hear the same story regarding many other functions/ dpts of Unilever soon. Many are there in the queue to be shot dead, a strategy to fire people without spoiling its good will in outside world.
Ex-Unilever Replied to: Tarun - 29 Mar, 2010
What will you do differently Tarun, if you were the chairman of HUL?
pradheepkumarnama Replied to: Ex-Unilever - 30 Mar, 2010
I agree that there may not be too many choices available.

However, what Tarun is pointing to is the propensity of many companies to falsely assure their workforce that they would be taken care of, knowing full well that the company would pull the rug under their interests in a short while.
Kaushik Replied to: pradheepkumarnama - 30 Mar, 2010