Not even the Managing Director of the Indian operations was briefed about the situations. However, the employees of think3 were kept in the dark and were not informed of any progress on the matter. Then comes the twist the company is bought over by the American company ESW capital, which owns companies like Versata (and runs well known subsidiaries like Trilogy (They assured the management of think3 that it would pay all the liabilities of think3 and would continue its operation. Some left after the ‘no-salary’ situation continued for more than 3~4 months and in total there are about 90 people who are expecting Needless to say, the employees loved their job and were ready to support the company, believing that they will be paid their salary backlogs.
#Think3 and esw software
The employees found themselves solving complex mathematical and geometry-related problems and developing real software products, a rare opportunity in the Indian IT arena. In India the company started operations in 1999 and employed some of the best minds in the field of CAD development from some of the finest institutes of India. It had huge customer base of over 5000 customers across the world and had names like BMW, Honda, and Tata among its clientele. The company has complete PLM (CAD, PDM etc) solutions and was making more than 40 million Euros a year at its peak. It was started in Italy in 1979, and is one of the first companies in the world to have developed a CAD program. He further promised that the dues would be paid, and the company was taking steps to resolve the financial troubles that it went into. They were told by the CEO of the company, Filippo Zuccarello, that the company was facing troubles due to the European economic recession. None of the employees worldwide were paid salaries nor the vendors their dues for over 6 months. (The employees of think3 were facing the issue of salary backlogs for quite some time. At least that is what a bunch of highly qualified software engineers, managers, and even the Indian director of the company himself realized from the erstwhile Think3 Inc. Sitting in air-conditioned rooms of your company, have you ever wondered what would a day be, if one fine morning you realize that you are no longer on the job? Worse still, the company that you served, for many years, is no longer ready to acknowledge the fact that you are or were an employee? Oh, it doesn’t stop there… what if your company is yet to pay you, salaries of more than 6 months?
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