With no hope of demand picking up this holiday season, Lufthansa is seriously considering reducing its fleet of planes by…
Browsing: Financial Crisis
National carrier, Air India, which had reportedly evaded depositing the TDS and PF of its retired employees since January 2020,…
The pilots of Air India have expressed their displeasure at the unfair pay cuts imposed across the board. In a…
The pandemic has robbed many people of their livelihood. Even the scooter-rental platform, Bounce, has laid off almost 22 per…
It is not just companies going into deep losses that are laying off staff, but even those witnessing growth in…
According to the BSNL employees’ union, despite almost 79,000 BSNL employees opting for the voluntary retirement scheme (VRS) – considerably…
According to the New Democratic Labour Front (NDLF), an IT employee union, the US- based IT major, Cognizant, has begun terminating…
Amidst the recent developments in the aviation industry, SpiceJet has introduced a new salary structure for its pilots. For the first time…
Qatar’s Finance Ministry has instructed all government bodies and state-funded organisations to cut spending on its foreign employees by 30 per cent…
AirAsia India is imposing an average pay cut of 40 per cent on its pilots for the months of May…
Edelman, the American public relations and marketing consultancy firm, has announced job cuts. It will be laying of about seven…
Amara Raja Group has announced that the salaries of the junior- and senior-management levels of its workforce will be deferred…
On June 1, the GoAir management informed the employees about the extension of leave without pay (LWP) till the end of…
On May 31, Yes Bank announced the restructuring of salaries for its senior leadership team, and also mandated that nearly…
With airports having been locked down across the globe due to the pandemic, the aviation industry has suffered severe losses.…
Uber has reportedly laid off nearly 3,700 employees via multiple Zoom calls, with each calling lasting less than three minutes…
No airline has escaped the effect of the pandemic, given that most airports are sealed and flights have been grounded…
In the wake of the global pandemic, travel portal, Yatra.com, has decided to send few of its employees on unpaid…
While the apparel exporting industry managed to pay all the workers in the industry their wages for March, it finds…
While many Indian companies are laying off their employees in the name of cost cutting, Bajaj Auto has announced a…
With thousands of buses forced to stop running due to the lockdown, the salaries and benefits due to North East…
OYO has officially announced that while the Company will go ahead with furloughs and temporary leaves in the US and…
According to sources, Tesla Inc. will shell out 30 per cent reduced salary to its workers, with effect from Monday, …
Air Deccan, the regional commuter airline, has ceased operations. As per its announcement on April 5, 2020, it is putting…
With the aim of doing their bit during these tough times, Deep Kalra, chairman, MakeMyTrip, and Rajesh Magow, CEO, have…
With the COVID-19 pandemic affecting earnings of airlines the world over, GoAir announced that its staff will be taking pay…