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WorldSpace closure jolts employees
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Two weeks after satellite radio pioneer WorldSpace abruptly tuned out of Indian homes on New Year’s eve, its 300-odd employees (including 150 part-timers on contract) in the country continue to clutch at straws of hope, of getting their final settlement dues. Sources say parent WorldSpace, Inc. or the new owner of its assets owe the Indian subsidiary around Rs 45 crore (which also includes around Rs 18 crore as subscription refund) by way of “services performed by it.”

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