With demand for renewable power increasing by the day, Siemens is experiencing low demand for gas turbines. Therefore, the Company…
Browsing: Job Cuts
Cognizant, the US-based IT services company, is expected to lay off a significant number of its employees, most of them…
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
Almost the same number of employees were also absorbed into the merged entity.
India will be the most affected as one-third of IBM’s workforce is based out of here.
The State Government Gazetted Employees’ Union may oppose the cut.
The German government has pressed for a fair bargain so that both parties are satisfied.
The job cuts can be attributed to digitisation and automation rendering staff redundant.
Thousands of employees await a solution following the Company’s termination of franchise agreement with CPRL.
The move, a result of subdued market demand, is aimed to optimise operational efficiency.
The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.
The staff of the oil company were told that the office would be closed and they were facing ‘involuntary severance’.
The company is apparently planning to cut 3,000 jobs as part of the cost cutting and manufacturing unit shut-down plan.
The company will carry out an orderly ramp-down, chiefly in India, over the next few months.