IT company Wipro has reached an agreement with employee representatives on setting up a European Works Council, the company said. The creation of Wipro’s EWC is the first to be established by an Indian headquartered company.
What Has Been Said:
Senior vice president & CHRO, Wipro Europe stated: “Setting up the EWC strengthens the already successful cooperation with employee representations in many European countries. Wipro aims to provide the best employee experience and create an inclusive environment that welcomes everyone and nurtures an overall sense of belonging. The EWC will help us in getting even better as we assimilate employee perspectives on a consistent basis. It also demonstrates that Wipro is applying and adopting European employment standards as a responsible global employer.“
More About This:
Wipro’s EWC is the first to be established by an Indian headquartered company, and builds upon a number of years of successful, constructive working with Works Councils at local and national level across several European countries, including Germany, the Netherlands, France, Sweden and Finland. The creation of an EWC follows a request by employees under an EU directive establishing the opportunity in companies with more than 1,000 employees across multiple European locations. Wipro’s EWC agreement was successfully negotiated with employee representatives from 13 different countries.
Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. On a year on year (YoY) basis, the IT firm’s net profit declined 9.27% while revenue jumped 14.6% in Q2 FY23. Current Affairs