Tag: financial crisis

Byju’s pays Jan. salary to staff; CEO admits to financial challenges

While the employees of Byju’s have received their January salaries before the promised date, they have also been apprised of the financial struggles the...

Byju’s accused of tax offences and payroll irregularities

As per media reports, Byju's has reportedly delayed submitting the deducted taxes or failed to make necessary filings with the income tax department for...

Unpaid wages trigger employee action at Royole, first foldable phone maker...

Shenzhen Royole Technology, once a pioneer in foldable phone technology, is now a ghost town of shattered promises. For nearly a year, unpaid wages...

Dunzo to address pending salary issues while co-founder exits

Dunzo, with backing from Reliance Retail and Google, has unveiled plans to address its financial obligations to former employees over the next three months...

Are 150 employees of GoFirst set to resign due to salary...

Looks like Go First will find it tough to hold back its employees, most of whom are considering quitting. Why? The airline has reportedly...

3 directors quit Byju’s board, auditor resigns

It hasn’t been long since the news of Byju’s considering another round of layoffs amidst financial challenges came out. Now, as per media reports,...

Go First goes insolvent, 5,000+ employees unsure of future

Many pilots of Go First have reportedly started looking out for jobs elsewhere, what with the low-cost airline filing for voluntary insolvency and cancelling...

Will sale of Credit Suisse to UBS affect staff in India?

The global finance crisis in the banking sector has caught up with Credit Suisse too. The Bank was sold to UBS in a deal...

Virgin Orbit furloughs staff, grapples with financial crisis

Virgin Orbit has paused operations and sent almost its entire staff on unpaid furlough. A part of Richard Branson’s Virgin Group, the company helps...

Indian origin columnist steps down as cost cutting measure

Peter Bhatia will step down as editor and vice president of the Detroit Free Press in light of upcoming layoffs. On December 23, a virtual...

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...

The trend of garbing layoffs as restructuring

There has been a trend for companies, be it small organisations or big, to lay off people in the name of restructuring. While companies...

OYO reverses pay cuts from Aug 1

Hospitality company, OYO, has decided to restore the full salaries of its employees in India and South Asia. While those earning a fixed salary...

50% salary cut for Trujet staff

Hyderabad-based airline, Trujet, has decided to cut 50 per cent of its employees’ salaries. The decision has been conveyed to the employees via an...

South African Airways in a hurry to cut jobs and reduce...

South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned airline had revealed in...

Real estate sector expected to witness heavy job loss

Over half a million direct jobs are expected to be lost in the real estate space in the near future, according to the National...

Few things employees should do during an economic slowdown

Thousands of jobs have disappeared in a flash as employees are being laid off in auto, textile and now even in the FMCG sector....

No July salary for BSNL, MTNL staff

Both Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), who have been undergoing a financial crisis, have been unable to pay the salaries...

Air India employee unions against sale of national carrier

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...

Jet Airways’ CEO, CFO, CHRO quit

Jet Airways stopped operating its airline business on 17 April, 2019. Several attempts were made by different bidders to salvage the situation, but none...

Pawan Hans holds back April salary of employees

Pawan Hans, the helicopter service company based in New Delhi, has been facing a financial crisis for some time now. An official circular recently...

Employees of BSNL awaiting February salaries

Bharat Sanchar Nigam (BSNL), the State-run telecom company, has not paid the February salaries to almost 1.76 lakh employees owing to a financial crisis....

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...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Technical glitch causes $200 million windfall in Zurich

The city of Zurich is attempting to recover approximately 175 million Swiss Francs, equivalent to about $200 million, following a technical glitch that resulted...

Latest

Salary raise for Hong Kong Airlines staff

Hong Kong Airlines is giving its employees a pay raise. Starting 1 February 2024, eligible workers will see their salaries go up. Flight crews...

TTD announces wage hike for 9000 workers

The Tirumala Tirupati Devasthanams (TTD) Trust Board has decided to raise the wages of around 9,000 contract and outsourced workers. This was announced during...

Gujarat govt to increase NPS contribution; hikes DA by 4%

The dearness allowance (DA) for the around 4,45,000 employees of the Gujarat government and the dearness relief (DR) for about 4,63,000 pensioners have been...

Calcutta HC orders RBI to compensate intern denied paid maternity leave

The Calcutta High Court has instructed the Reserve Bank of India (RBI) to provide compensation to a female intern who was refused paid maternity...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

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....
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