Tata Steel, the Indian multinational steel manufacturing company, is all set to strengthen its European business and increase profits. In…
Browsing: Job Cuts
Infosys is reportedly planning to lay off about 2,200 senior managers, that is, those belonging to the job level 6,…
HSBC Holdings is planning another round of layoffs, wherein hundreds of its employees in the Middle East, North Africa and…
Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up…
HSBC, the British multinational investment bank and financial services holding company, may lay off about 10,000 employees in a major…
It is not just the automobile industry that is facing a slump. The pharmaceutical sector is also facing pressure. Sanofi…
With demand for renewable power increasing by the day, Siemens is experiencing low demand for gas turbines. Therefore, the Company…
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.