One of many largest manufacturing homes within the nation, Eros Worldwide, is at the moment going through a tricky time, as per stories. For a very long time, the commerce and trade have been conscious that the manufacturing home has been going through monetary difficulties, resulting in late cost and even non-payment of dues to its distributors and artists.
Now, Bollywood Hungama has came upon that Shikha Kapur, Chief Working Officer (COO) of Eros, has put in her papers. A supply has revealed, “For the reason that final 6 months, plenty of staff haven’t been paid. They waited for a number of months however when it grew to become clear that the corporate was not eager about clearing their dues, they most popular to give up. Round 10-15 staff have left within the final 2-3 months.”
It’s stated that even Shikha Kapur has give up, primarily for a similar motive. She had joined within the place of COO in June 2020 to develop the Studio Enterprise. Earlier, she had labored in a number of the high positions in studios like UTV Movement Photos, Fox Star Studios and Walt Disney earlier than transferring on to Eros Worldwide.
The supply stated, “Eros Worldwide had merged with STX in early 2020. This deal had led to plenty of money move within the firm. But, it’s surprising that the corporate is going through these points, which has resulted in an exodus of staff.”
One other supply in the meantime informed us, “These incomes a better wage had been paid 50% until January 2021. They had been promised that their dues can be cleared when the state of affairs will get higher. Nonetheless, since Could, they haven’t been paid. As for these in junior positions, they’re being paid at their very own candy time. Some staff had just lately joined however wanting on the state of affairs, they left inside 2 to 4 months.”
When contacted, an Eros Worldwide spokesperson stated, “The pandemic and the resultant enterprise state of affairs have pressured us to reinvent and restructure our enterprise mannequin throughout verticals. As a consequence, sure staff have been let go of underneath a company restructuring and price optimization train. Whereas efforts had been made to cross leverage as a lot experience as potential throughout the group and be sure that the restructuring course of impacts minimal worker rely, sadly, a number of roles needed to be dissolved. Such an train has been a troublesome one for each the corporate and its staff. That is to make sure the sustainability of the enterprise within the post-pandemic world.”
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