The merged entity will be the second largest steel company in Europe.
Browsing: Layoff
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.
FITE is working closely with the affected employees to ensure organisations take responsibility for their illegal actions and employees get their job back, since the beginning.
Things are getting worse for Tech Mahindra after the recent firing fiasco, which brought negative publicity.
The company has shifted focus from its core business of Windows operating system to cloud computing and other digital technologies.
The media industry has been going through a tough phase, forced to cut down many copy editing jobs due to digital disruptions.
The company is not only planning to offer pay hikes but may also distribute nearly 1 per cent of its stock to about 150 employees.
In an endeavour to shift its focus from traditional IT services to digital, the company plans to trim its workforce
In a recent official mail to the entire staff, founders Kunal Bahl and Rohit Bansal admitted to the need to tighten the belt and in the process, let go of some people.
The company is reportedly looking at laying off around 10 per cent of its pan-India workforce.
The distressed bank is expected to report losses of £2.3bn for 2016, in its financial results to be published soon.
Operations managers across the country have been sent e-mails to “right size” their respective teams.
Journalists who have spent more than two decades have been promised a basic salary till their retirement age.
The layoffs happen at a time when the company is focussing and investing heavily on software, robotics and AI.
The company plans to cut six percent of its global workforce because of fourth-quarter results going way below expectations.
The move, a result of subdued market demand, is aimed to optimise operational efficiency.
This time, as part of the restructuring exercise, the lay-offs are reportedly going to affect the stores’ large human resources department.
About 15 per cent of the company’s total India workforce, of approx. 600, will lose their jobs.
The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.
The company is apparently looking at controlling costs and revamping its strategies.
The cash crunch and resulting demand slump have taken a toll on small and medium enterprises, as companies are looking to lay off 25 per cent of their workforce.
As part of cost cutting, the organisation is planning to lay off a tenth of its global workforce beginning with Singapore and Hong Kong.
During April–September this year the company laid off 14,000 employees across businesses, to stay agile and competitive.
The company is facing a subdued market with its shares coming down 1.3 per cent in extended trading.
The automaker may move employees into early retirement, every year, over the next decade.