Tag: financial crisis
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...