Tag: debt

Will Air India staff have to pay Rs 95,000 monthly for...

Air India has been directed by the Government to deduct up to Rs 95,000 per month from the salaries of its employees who have...

Will Twitter deny severance pay to cut costs?

In a bid to cut costs, Twitter has reportedly not paid up the rent for its global offices and its San Francisco headquarters. The...

Pay salaries on 5th of the month: HC tells KSRTC

On 21 June, the Kerala High Court ordered that the salaries of the employees of the Kerala State Road Transport Corporation (KSRTC) should be...

Australia, Spain, Britain to focus on ways to create jobs

The pandemic has led to an economic slump in countries across the globe. Governments worldwide are thinking of ways to tackle rising unemployment and...

59 Air India employees opt for LWP

Post July, when Air India had asked its senior officials to draw a list of employees who may be sent on mandatory leave without...

Air India staff will get 3% shares post disinvestment

Having decided to exit Air India completely, the Government has announced the sale of 100 per cent stake in the airline. Bids have been...

Air India staff unions briefed about divestment process and its consequences

By next month, the Centre will issue the expression of interest EoI for divestment of its stake in the national carrier, Air India. The...

GE to freeze pensions to cut costs and debt

General Electric (GE) recently revealed its plans to freeze pensions for almost 20,000 salaried American employees and also take other necessary steps to reduce...

Air India faces crisis, incapable of paying salaries after October

Air India will soon run out of funds to pay salaries to its employees beyond October. Not only are the salaries being delayed regularly,...

Pilots of cash-strapped Jet Airways to take a final call

Jet Airways’ pilots are expected to take a final call soon, if the cash-strapped Airline is unable to pay the partial salary that it...

Jet Airways seeks more time for September salary payment

Jet Airways has requested more time from its employees for payment of salaries for the month of September. However, it has assured the employees...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

UAE firms enroled their employees in job loss insurance scheme

A job loss insurance scheme took effect on January 1, 2023 in the UAE, and many companies have registered their employees for it. The...

Why global trends such as rage applying don’t take India by storm

Rage applying, the latest corporate trend, has taken Gen Z workers by storm. Similar to quiet quitting, rage applying started off as a TikTok...

GNIDA terminates the services of 49 employees

The Greater Noida Industrial Development Authority (GNIDA) has terminated the services of 49 contractual employees after an investigation uncovered irregularities in their appointment process....

The risks of ‘gig economy’ in the Philippines

The World Bank's economic update for the Philippines in December 2022 warned of the growing informality in the labour market, with an increase in...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...