It seems the global meltdown will have an impact on placements at the Indian Institute of Management, Ahmedabad (IIM-A) this year, too. There was a general air of disappointment at the institute on Wednesday - Day Zero of final placements for 2009 - as only 9 companies had turned up for recruitment.
Sources said this was 16 companies less than the number that had turned up for recruitment at IIMA on the first day of placements last year. Placement officials at the institute, however, declined to confirm or deny the figures.
Last year, 25 companies had arrived on Day Zero and 65% (i.e., 161 students) of the graduating batch had either received job offers or opted out by the end of the day.