Tag: losses

Heineken incurs losses, lays off 8,000

Heineken, the Dutch brewing company, will be asking about 8,000 employees to leave after having posted net loss of $247 million in 2020. It...

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...

5,000 more may be laid off at Thyssenkrupp

Following huge losses, of up to €1.6 billion ($ 1.9 billion), the German multinational, Thyssenkrupp, is considering laying off 5,000 more people from its...

Shell to slash 9,000 jobs, shift to low-carbon energy

Royal Dutch Shell is set to slash about 7,000 to 9,000 jobs by 2022, that is more than 10 per cent of its workforce,...

Tata Motors to lay off 1,100 at JLR unit

Tata Motors is planning to lay off 1,100 temporary employees at its luxury Jaguar Land Rover (JLR) unit, in pursuit of a target of...

HSBC announces 35,000 job cuts as profit falls in 2019

Europe’s largest bank, HSBC, has reported a 33 per cent fall in 2019 pre-tax profit, to $13.35 billion after it took goodwill impairment of...

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...

BSNL staff receive August salaries

Bharat Sanchar Nigam (BSNL) as well as Mahanagar Telephone Nigam (MTNL) have been incurring losses for some time now. As a result, the two...

Uber incurs losses, stops hiring in the US temporarily

Hiring for software and services has been temporarily frozen at Uber Technologies, for the US and Canada operations, in the face of growing losses. The...

Maruti Suzuki trims workforce, lays off 1,000 temp workers

In an attempt to cut costs and tackle the slowdown that has hit the automobile industry, Maruti Suzuki India has laid off more than...

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....

BSNL cuts costs, freezes employee benefits, plans to offer VRS

Bharat Sanchar Nigam Limited (BSNL), the State-owned telecommunications company, which has been reporting losses since 2016, is taking severe measures to cut costs in...

Facilitation, a leadership tool that cannot be used enough!

My consulting and coaching work allows me to look closely at the talent organisations and how they harness their potential. Most organisations have a...

Ten key skills required in an age of digital transformation

As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...

Companies in the US seek vaccination details of staff

Ahead of implementing ‘return to office’, many organisations are updating their employee records with the vaccination status of the staff. Equal Employment Opportunity Commission...

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Flipkart’s West Bengal warehouse to create 3,500 direct jobs

Flipkart, the Indian e-commerce marketplace, is all set to open a new fulfilment centre (FC) in West Bengal. This would be the Company’s second-largest...

TCS staff may be asked to return to office post pandemic

Tata Consultancy Services (TCS) believes that social interaction is significant for people, and therefore, Chairman N Chandrasekaran recently revealed at the annual general meeting...

Morphisec Appoints Ajit Pillai as Regional Director for APAC region

Morphisec, a leader in cloud-delivered endpoint and server security solutions, today announced it has appointed Ajit Pillai as Regional Director for APAC. In this...

“If CEO is the father of an organisation, CHRO is the mother,” Pankaj Lochan

Q. You have been shuttling between HR and manufacturing roles. Was it a well-thought out strategy or did you just go with the flow...

DIALOGUE

“If CEO is the father of an organisation, CHRO is the mother,” Pankaj Lochan

Q. You have been shuttling between HR and manufacturing roles. Was it a well-thought out strategy or did you just go with the flow...

Binding multi-faceted employees with Titan Values

Titan has different sets of employees for different functions and verticals, ranging from the shopfloor to the retail stores. How do you bring in...

The right people policy for startups – Madan Nagaldinne

You happen to have worked mostly with large organisations. How different is it working for a startup now? When you have worked for big...