JISTAR Sorting: Eradication of employees from Geostar .. Effect on 1,100 people at this time!

Reliance Industries Limited and Walt Disney Company’s Viacom 18 is the newly formed joint venture Geostar among India units. It is rumored that more than 1,100 employees will be removed. One person said that the removal process started within a month and would not end. This expulsion will continue till June.

In these classes

Job cuts mainly affect corporate roles in distribution, finance, commercial and legal fields. These expulsions include entry level employees, senior managers, senior directors and assistant vice -president level employees.

Viacom 18 and Disney Star India Merge plans to create India’s largest media company. It is also considered that revival will be unavoidable when two big companies with such businesses will be merged. ‘These reconstructive resources include adaptation, reducing repetition and working as an effective organization.’ One said.

Payment on service basis

Giostar provides a variety of package as part of the removal of affected employees. The payment process provides six to 12 -mahne salaries based on years of service. The affected employees get a full salary of one to three months every year along with the period of notice and the company. Another debate is that some employees can provide jobs in Jio and Reliance.

Competition for legends

Disney Star already has a strong appearance in regional markets. This is going to be more popular with Viacom 18. Giostar is preparing to expand its game portfolio. Giostar has set a record of Rs 5,000 crore for IPL 2025. Netflix wants to face streaming giants such as Amazon Prime Video.