Tag: Job Loss
Trade union fears LIC’s IPO will cause job losses
With the Government set to sell its stake in Life Insurance Corporation (LIC), the trade unions fear that the initial public offering (IPO) could...
Bank staff fear job loss from privatisation, prepare to strike
With news of the Central Bank of India, Indian Overseas Bank and Bank of Maharasthra reportedly being considered for privatisation, bank staff across the...
122 mn Indians, 17 mn women lost jobs in 2020
A total of 122 million people in India lost their jobs in 2020. Out of these, at least 17 million were women, who lost...
Over 5 lakh jobless Keralites have returned from the Gulf
Over eight lakh non-resident Keralities have returned to their home state from the Gulf, amidst the ongoing pandemic. Alarmingly, over five lakh of them...
General Motors to shut Talegaon plant, render 1,800 jobless
The last functioning factory of General Motors in India will close its shutters on December 24, as relations between India and China continue to...
Adidas may sell Reebok, thousands of jobs at risk
A decision is yet to be taken regarding whether to sell Reebok or not, but Adidas is reportedly considering it. The subsidiary, which was...
Germany’s anti-COVID restrictions may lead to job loss of about 2,50,000
In Germany, with the latest round of lockdown being clamped from December 16 to January 10, about 2,50,000 jobs are at risk. Considering that...
White-collar professionals worst impacted, 6 mn rendered jobless
Centre for Monitoring Indian Economy has revealed that about six million white-collar professionals have been rendered jobless in India due to the pandemic.
Last year,...
UK’s furlough scheme to end, 7 lakh jobs at risk
Around 700,000 people may be rendered jobless in the UK, as the Government’s furlough programme is about to end in October. As per the...
SWADES, ASEEM initiatives to benefit Indian workers who have returned home
The Government of India’s Skilled Workers Arrival Database for Employment Support (SWADES) initiative is conducting a skill mapping of the Indian workers who have...
Slow improvement in labour participation, unemployment rate as industries resume work...
According to a weekly report by the Centre for Monitoring Indian Economy (CMIE), things are slowly starting to improve. In the week ending May...
3,700 full-time jobs to be slashed at Uber
With the pandemic and related restrictions imposed by nations across the world, the demand for app-based rides fell drastically over the last couple of...
Ryanair to lay off 3,000, sees no hope of business improving...
Ryanair, the Irish budget airline, is planning to slash 3,000 jobs, as it does not see demand picking up before 2022. It is also...
Swiggy feels the heat, employees to be laid off
Organisations, new-age startups in particular, have tasted the impact of the coronavirus outbreak, and the lockdown that followed. Most are now seriously finding ways...
15 million jobs under threat in exports sector: FIEO
Post the coronavirus outbreak, the country’s export sector has been under threat, with many factories set to face huge losses. Not only are orders...
7 lakh jobs lost to pandemic in the US, in March...
In the month of March, about seven lakh jobs were lost in the US, owing to the coronavirus outbreak. As per the US Labour...
Can the retail industry weather this storm and avoid job loss?
Like many other sectors and industries, the retail industry is facing a tough time due to the lockdown and coronavirus scare.
There are over 15 lakh...
India may lose up to 136 million jobs to the COVID-19...
According to the Confederation of Indian Industry (CII), over 50 per cent of the tourism and hospitality industry may be rendered sick with about...
Niti Aayog chief warns of job loss, calls for direct benefit...
India is facing one of its darkest hours and is caught between the need to contain Covid-19 and stop businesses from closing down.
Amitabh Kant,...
COVID-19 pandemic may cost 25 million jobs worldwide
According to a report by the International Labour Organisation (ILO), almost 25 million jobs may be lost, globally, owing to the coronavirus pandemic. However,...
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...
Dumping of Chinese goods affecting Indian manufacturers and causing job loss
A Parliamentary panel has insisted on trade remedial measures to protect domestic industry.
Now withdraw 75% of PF just after a month of quitting
This move will offer financial security to employees who may have lost their jobs.
Maharashtra plastic ban might take away 3 lakh jobs
According to industry officials, the ban may cause a loss of Rs 15000 crore.
559 job cuts at Microsoft’s Seattle office
Microsoft has recently made headlines for laying off 559 employees from its offices in Bellevue and Redmond, Washington. The announcement was made by the...
Latest
Overcoming job search struggles in the tech industry: One engineer’s journey
A software engineer from Delhi recently shared on LinkedIn his struggle to secure a job after being turned down by over 150 companies in...
82% hybrid workers confident of efficiency, productivity: Study
According to a mental health study, employees are more likely to flourish (experience optimum mental health) and be in-flow (at the peak of efficiency),...
Transportation unions on strike; demand higher wage: Germany
The recent strike by public transportation workers in Germany has caused significant disruptions in the country's transportation sector. On Monday, workers from various unions...
Will DA, fitment factor be revised for Central government staff?
Will the dearness allowance of Central government employees be hiked to 42 per cent from the present 38 per cent? Media reports suggest that...
DIALOGUE
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....
“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...
