We were all under the impression that the economic downturn didn't affect us in a major way. The companies didn't resort massive retrenchment drive because of the general elections. With that over, the companies are doing it overtly.
There is already an unwritten agreement to continue in the company ---no incentives,increments and 30% freeze on the remuneration. Let's hope that the ongoing meltdown comes to an end at the earliesr.
