The record
Written from the 1 report below. Nothing here is unsourced.
- A French labor authority, DRIEETS Île-de-France, has fined Infosys 1.75 million euros (about Rs 2 crore) because the company's employee time-tracking system did not fully comply with French labor laws.
- Inspections reportedly found deficiencies in the system's reliability, verification of records, and proper monitoring of employees' working hours.
- Infosys says it is reviewing the matter and will pursue legal remedies, and states the fine will not materially affect its business or financial position.
- The report notes it comes at a time when Infosys is also in the news in India over office attendance rules, though the fine is unrelated to work-from-home policies.
What to watch next
- Infosys's review of the penalty and any legal appeal against the French labor authority's notice
- Whether Infosys discloses any financial impact or provision for the fine in future stock exchange filings
- Any changes Infosys makes to its time-tracking systems in France to meet local labor law requirements
Coverage1
1 report
Indian-language1
All filed from India
Named France · India · Infosys · DRIEETS Île-de-France
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