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...

Ensure sustainable development through inclusion and empowerment

Almost every major global issue has its roots in some form of inequality. There is an imbalance of social, economic and political power between...

Busyness to Business

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...

Is Novartis planning layoffs in India?

Drug company, Novartis India, may slash 170 jobs as part of a bid to rationalise its workforce, amidst the uncertainties brought on by the...

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TransUnion to grow India team by 50%, launches new capacity centre

TransUnion, leading global information and insights company, has launched a new functional centre in Pune, as part of its expansion plans. It already has...

Cognizant staff burn over 800 lakh calories, shed 4,500 kg

Cognizant’s annual health challenge, this year, was conduced online in collaboration with the health app, Healthifyme. The whole programme included webinars on nutrition, exercise...

Waah Jobs to let Lowe Lintas handle its rebranding

Waah Jobs, formerly known as Asaanjobs, has handed over all creative duties and responsibility of rebranding to Lowe Lintas. Henceforth, Lowe Lintas will be responsible...

‘Work to learn’ to ‘learn to work’: Are we ready?

Some of the leading HR professionals, and learning and development (L&D) officials of India Inc., came together on a single platform, to discuss the...

DIALOGUE

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...
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“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...