Many employees at Deutsche Bank’s Bengaluru office have been given a month’s salary and asked to leave. They joined the thousands of other employees in Sydney and Hong Kong who were given their letters on 8 July, and told that their jobs had become redundant. The layoff is going to hit the single earners the most. This is part of the Bank’s plans to lay off about 18000 jobs globally, which the Bank termed as a massive restructuring strategy. It is reported that the restructuring, which began in Europe on 7 July, will cost the Bank about € 7.4 billion…
Author: HRK News Bureau
CarDekho, the online car purchase and sale portal, will be hiring 2,000 people this fiscal as it is planning to expand its business. Presently, the Company has more than 2,800 employees. However, as it expands, it will add more people in both technological and non-technological roles in various departments across India. About 20 per cent of the hiring will be done to fill mid-to senior-level positions in various areas of insurance, fintech, retail and digital. Approximately 30 per cent hires will be assigned technology roles in Jaipur and Gurgaon. Half the hiring —about a thousand people—will be done for non-technical…
The employees’ and officers’ unions of Air India expressed their displeasure at the Government’s attempt to sell the cash-strapped national airline. Ashwani Lohani, chairman, Air India, had discussed the privatisation plan with the 13 unions recently, conveying the intention to exit the aviation business altogether, since it has been incurring losses. While the Government has set October as the deadline to complete the process of privatisation, the unions have made up their minds to oppose the same. The 13 unions— Air Corporation Employees Union, Air India Employees Union, Indian Airlines Technicians Association, All-India Aircraft Engineers Association, Indian Commercial Pilots Association,…
Representatives of the Delhi Government will soon be meeting with a group of engineers in Kerala to discuss the use of robots to clean the sewers in Delhi. If this plan takes off successfully, manual scavenging can be totally eradicated. Apparently, a couple of hundreds of sewer cleaning machines had been procured earlier this year, but these could not be used in the narrow lanes because of their size. In such restricted-access areas, manual scavenging is relied on, and very often these scavengers are not given any protective gear. The robots, developed by a Kerala-based company, Genrobotics, will be able…
Adi Godrej, chairman emeritus, Godrej Consumer Products (GCPL) earned a remuneration which was 114.18 times higher than the median pay of the Company’s employees, in 2018-19. The remuneration of Vivek Gambhir, MD and CEO, was 311.26 times more. The annual report of the Company revealed that Godrej earned a total remuneration of Rs 6.07 crore in FY19, which was 20 per cent less than last year. Gambhir’s total remuneration in 2018-19 was Rs 13.1 crore, that is, 33 per cent less than the previous fiscal. According to GCPL, the median remuneration of all its employees for the fiscal year 2018-19…
In an attempt to rehabilitate the homeless and destitute in the capital city of Uttar Pradesh, the municipal corporation (MC) plans to offer jobs to them, depending on their level of education. Efforts will be made to rehabilitate street children too. The disabled beggars will be sent to shelter homes whereas the physically fit ones will be given civic duties to perform. The work assigned to them will include collection of user charges for the door-to-door gathering of garbage from the city’s residential houses. They will also be given day-to-day sanitation work to do. Presently, work is going on to…
Ingersoll Rand, the industrial manufacturing company claims to have an employee friendly environment. This high-trust, high-performance culture, is based on five dimensions – fairness, credibility, respect, pride and camaraderie. Anil Gopinathan, vice president and general manager, Ingersoll Rand Engineering and Technology Centres in India, says, “As an organisation, our approach is highly employee centric, which reflects in our efforts to create an enriching work culture for our employees.” He adds, “Our goal has always been to provide a thriving and inclusive environment, which facilitates our employees’ holistic growth.” Ingersoll Rand has also come up with an initiative called ‘ReLaunch’, to…
Indian Army has received applications from more than two lakh young women for 100 posts of jawan in Military Police. While the last date for submission of applications was 30 June, the recruitment rallies for women military police will take place in Ambala, Lucknow, Jabalpur, Belgaum and Shillong by the end of this month. To be eligible, the women soldiers should be between 17 and 21 years of age. They should have passed class 10 with at least 45 per cent marks (aggregate). Widows of defence personnel may also apply provided they are below the age of 30 and have…
The finance minister recently announced that henceforth recruitment exams for jobs in regional rural banks (RRBs) will be conducted in 13 regional languages, other than English and Hindi. Therefore, those candidates who are fluent in local languages will also be able to apply and get jobs in RRBs. Since most RRBs follow a functioning that is specific to the state and focussed on the rural areas, it makes sense to hire people who are well versed with the local language. Knowledge of the local tongue will only add to the efficiency of the candidates and help them discharge their duties…
It is reported that a bailout plan costing Rs 73,787 crores by the Government of India will help Bharat Sanchar Nigam (BSNL) as well as Mahanagar Telephone Nigam (MTNL) to regain normalcy in terms of their financial situation. According to the Department of Telecommunications (DoT), it would be cheaper to bail out the two entities instead of shutting them down, which would entail a bigger amount of Rs 1.2 lakh crore. The steadily falling performance of BSNL has been attributed to the low tariffs owing to stiff competition in the mobile space, high cost of maintaining staff and lack of…
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion, which will see more than one fifth of its workforce losing their jobs. About 15,000 to 20,000 employees, mainly investment bankers, out of its 91,500 strong workforce will be rendered jobless. Most of the layoffs will happen outside Germany. The revamp is expected to cost the bank up to 5 billion euros ($5.6 billion), one of the sources said. The investment bank unit has been targeted because it has failed to show sustainable profits for over a decade now. With…
India’s agriculture sector is all set to undergo massive transformation, with the Union Agriculture Ministry signing a Statement of Intent (SoI) with IBM India to provide weather forecasts and soil moisture information to Indian farmers. According to a recent study by Broadband India Forum (BIF), a company devoted to enhancing the entire ecosystem to enable broadband delivery across the country, more than 28 lakh jobs will be created in India’s rural areas, with the help of Internet of Things (IoT) and artificial intelligence (AI) based applications. Apparently, this will happen within a decade. The study was undertaken by BIF in…
While on the one hand Samsung claims to have generated 2000 jobs last year, it is now reported that in the face of stiff competition in India’s smartphone market, it is planning to lay off a 1000 employees in the country. The Company is reported to have suffered a lot in terms of profit margin and is trying to take corrective measures by reducing its workforce in India. It has already cut 150 jobs in the telecommunication networks division and had cut down on hiring since April 2019. The layoff will impact its sales, marketing, R&D, manufacturing, finance, human resources…
According to a report by Oxford Economics, the economic forecast and quantitative analysis organisation, robots will take over 20 million jobs in the manufacturing sector, worldwide — that is, almost 8.5 per cent of the workers in the manufacturing space, globally. The report reveals that, on an average, every time a new robot is installed, 1.6 manufacturing workers are displaced. In the US, robots have already taken over five million manufacturing jobs since 2000. In 2016 itself, 43 per cent of the world’s robots were said to be in use in the automotive industry alone. China tops the list of…
Despite being a certified nursing graduate, Rashika Raj has been unable to land a job. The reason? The young trans woman is unable to apply for a license to practise nursing, simply because there is no ‘other’ category in which she can apply. The Tamil Nadu Nurses and Midwives Council (TNNMC), which registers nurses in the state, only has two categories— ‘male’ and ‘female’ on their applications forms under the gender box. Even though in 2014 the Supreme Court had ruled that transgender persons can apply for education and employment under the ‘other’ gender category, the TNNMC is reportedly awaiting…
Air India will soon run out of funds to pay salaries to its employees beyond October. Not only are the salaries being delayed regularly, the Airline is facing debt repayments amounting to Rs 9000 crore. Also, it is reported that the Government plans to sell its 100 per cent stake in the carrier. The national carrier had been given sovereign guarantees worth Rs 7,000 crore, of which it has about Rs 2,500 crore left. This will soon be all used up to clear salary dues and repay debts of vendors, including oil companies and airport operators in the next few…
According to an International Labour Organisation (ILO) report, global warming is expected to increase heat stress amongst workers, especially in the agriculture sector. The impact will be so much that there will be a productivity loss equal to 80 million full-time jobs in the next ten years. It is estimated that by 2030, 2.2 percent of total working hours across the globe will be lost due to rising temperatures. Titled ‘Working on a warmer planet: The impact of heat stress on labour productivity’, the report reveals that this percentage is expected to rise to more than double that of western…
Indian youth will now be provided country-specific training programmes by the Skills Development Ministry to help them get jobs outside India. The initiative has already managed to place 107 candidates in the pilot phase, in the Gulf countries and Japan. Another 48,000 prospective candidates have received training for emigration. This is part of the Indian government’s mission to train its youth so that they become employable abroad. The programme trains the candidates not just in domain skills but also language skills, soft skills and pre-departure orientation. The Govt has tied up with 12 training organisations to offer training. While candidates…
A strike was called by the drivers, conductors, and other staff members of the Metropolitan Transport Corporation (MTC) bus depots to express their displeasure at not being paid their salaries for the month of June. While commuters were put to a lot of inconvenience with buses remaining stationary, by afternoon the strike was called off when the employees were promised that their salaries would be released by evening. The staff protested because only a part of their June salaries had been paid to them. The Transport Secretary claimed that the workers were misinformed that their full salaries would not be…
Leena Nair, CHRO, Unilever, will join as the non-executive director and member of the Remuneration Committee, the Nominations Committee and the Digital Impact & Sustainability Committee at British Telecommunication (BT). Nair’s joining will take effect from the end of BT’s annual general meeting on 10 July, 2019. Since 2016, Nair has been handling the global HR function at Unilever, which is one of the leading FMCG companies in the world. She has been leading the HR function for 1,60,000 employees at Unilever, and is also part of the Unilever leadership executive. Nair has worked with Unilever all her life and…
The Jet Airways employee consortium and the London-based AdiGroup have joined hands to bid for the acquisition of 75 per cent of the grounded airline through the liquidation process of the National Company Law Tribunal (NCLT). The Mumbai bench of NCLT accepted an insolvency petition filed by the consortium of banks led by the State Bank of India (SBI) on behalf of 26 lenders on 26 June. Jet Airways owes Rs 8,500 crores to the banks and Rs 25,000 crores to its vendors and salary arrears to its employees. The two associations who have shown interest to buy the Airline…
81 released prisoners in Telangana have secured jobs as marketing executives and technicians with salaries ranging from Rs 10,000 to Rs 30,000. They were part of a group of 129 released prisoners who participated in the ‘Job Mela 2019’ organised by the Telangana State Prisons Department. Around eight companies participated in the job fair, with some even securing jobs, such as drivers, housekeepers, data-entry operators, electricians and helpers. They were offered salaries on the basis of their skills. The Prisons Department of Telangana keeps introducing innovative programmes to improve the lives of the inmates, make them employable and help them…
The technology sector in Singapore is all set to create 10,000 jobs in three years under the aegis of Digital Industry Singapore (DISG), a new government office. The country is trying to become a hub for the technology industry in not just Asia but the world. Digital Industry Singapore (DISG) will bring together efforts by many existing public bodies to encourage investment from foreign technology firms, support local business, and work with the industry to shape future policy. It will work towards developing consumer technology and enterprise technology. With the help of significant grants and incentives, Singapore has been leaving…
Walmart, the American multinational retail company, is expected to lay off about 40 per cent of its senior pharmacists and also some new recruits and part-time employees. This move is part of Walmart’s attempt to cut costs while trying to expand its business in other areas. Walmart has pharmacies in almost all its 4700 outlets in the US. In fact, at least 11 per cent of its revenue in the US comes from the health and wellness space. However, there has been no increase in this percentage for four consecutive years now, which has driven Walmart to take drastic measures.…
A total of 61.12 lakh jobs were created in the financial year 2019, as per the payroll data from Employees’ Provident Fund Office (EPFO). The data reveals that the formal sector saw net employment creation of 10.43 lakh in April 2019. This is the highest number since September, 2017. This is the first time that more than 10 lakh jobs have been created in one month. According to the report in the financial year 2019, 61.12 lakh jobs have been created. As per the release, 61.12 lakh jobs were created in the financial year 2019. Between September 2017 and March…