On June 1, the GoAir management informed the employees about the extension of leave without pay (LWP) till the end of…
Browsing: Financial Crisis
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…
In response to the rapidly-spreading COVID-19 and subsequent travel restrictions as per government bodies, Air Canada will be limiting transit…
India’s budget carrier, IndiGo, has instituted pay cuts up to 25 per cent for all employees, starting from April 1,…
Low-cost airline, GoAir, is sending its employees on temporary rotational leave without pay, even as coronavirus cripples the travel and…
Employees of the Indian Railways, who hold salary accounts in Yes Bank, have been told to open new salary accounts,…
Vodafone Idea may have to shut shop if it is required to pay all the pending adjust gross revenue (AGR)…
Essential Products, the consumer electronics startup founded by Andy Rubin, former executive of Google has shut shop. Its once workforce…
South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned…
By next month, the Centre will issue the expression of interest EoI for divestment of its stake in the national…
It is reported that the United Nations (UN) is facing a liquidity crisis, with only 70 per cent of the…
Bharat Sanchar Nigam (BSNL) as well as Mahanagar Telephone Nigam (MTNL) have been incurring losses for some time now. As…
It is reported that 30 per cent of the contract workers in BSNL will be laid off, as the state-run…
With the auto sector going through the worst slump ever, Ashok Leyland had recently announced five non-working days in its…