Tag: financial crisis

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...

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

Meta to cut costs, freeze hiring, restructure groups

Is Meta experiencing a crisis? That is the question uppermost in the minds of most people as the parent company of Facebook has announced...

Latest

How does the CEO-CFO-CHRO trio drive a talent-first organisation?

The equation seems to have changed. Among the direct reportees to the CEO, the CFO used to be the closest confidante. The reason being,...

India ranks 3rd in list of top 10 countries for solar PV jobs

According to the ninth edition of the International Renewable Energy Agency’s (IRENA) ‘Renewable energy and jobs’ annual review series, the top 10 countries that...

WHO/ILO roll out policy brief on workplace mental health

A policy brief has been jointly published by the World Health Organsiation (WHO) and the International Labour Organsiation (ILO) about the need to address...

A resume printed on a cake?

A job applicant in the US has taken innovation to another level by sending an edible resume to a prospective employer. Karly Pavlinac Blackburn,...

DIALOGUE

“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...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...