In response to the rapidly-spreading COVID-19 and subsequent travel restrictions as per government bodies, Air Canada will be limiting transit…
Browsing: Financial Crisis
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…
Bankrupt mobile company, Aircel, has laid off about 1,000 of its remaining workforce of 1,229. Meanwhile, the insolvency process is…
Both Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), who have been undergoing a financial crisis, have been unable…
The employees’ and officers’ unions of Air India expressed their displeasure at the Government’s attempt to sell the cash-strapped national…
It is reported that a bailout plan costing Rs 73,787 crores by the Government of India will help Bharat Sanchar…
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion,…
Air India will soon run out of funds to pay salaries to its employees beyond October. Not only are the…
Two employees’ associations of Jet Airways— The Society for Welfare of Indian Pilots (SWIP) and Jet Airways Aircraft Maintenance Engineers’…
Bharat Sanchar Nigam (BSNL), the state-owned telecom company, has again approached the Government for funds to pay the June salaries…
Bharat Sanchar Nigam (BSNL) confirmed that it will be able to pay salaries to its employees for the month of…
Delhi government recently released Rs 206 crore to the cash-strapped North Delhi Municipal Corporation (NDMC). Earlier, the doctors of Hindu…
Jet Airways stopped operating its airline business on 17 April, 2019. Several attempts were made by different bidders to salvage…
A Mumbai-based senior technician of Jet Airways is alleged to have jumped off the terrace of the four-storey building he…
Pawan Hans, the helicopter service company based in New Delhi, has been facing a financial crisis for some time now.…
With salaries of about 23000 Jet Airways’ employees having been delayed for months now, the Society for Welfare of Indian…