Tag: Merger

Vistara to give one-time special bonus to staff

On the basis of its operational and financial performance, Vistara, the joint venture airline between Tata Sons and Singapore Airlines, is providing its worforce...

UBS to axe 3,000 jobs following 100% absorption of Credit Suisse,...

After finalising the merger of Credit Suisse into UBS, the latter recently revealed that it was going to completely absorb Credit Suisse's 100 year...

Hardly any increment for LTIMindtree staff

LTIMindtree, a subsidiary of Larsen & Toubro has given hardly any increment to its employees, and that too after months of delay. While some...

Vistara begins integrating its staff with Air India’s

The merger of Vistara — co-owned by Tata Group and Singapore Airlines — and Air India, which was announced in November 2022, is now...

UBS to axe 50% of Credit Suisse workforce post emergency takeover

The first of three rounds of layoffs will see some employees of Credit Suisse in London, New York and parts of Asia losing their...

36000 jobs may be affected due to the merger of UBS...

According to recent reports, UBS Group AG is planning to cut its workforce by at least 30 percent worldwide following the completion of its...

Will sale of Credit Suisse to UBS affect staff in India?

The global finance crisis in the banking sector has caught up with Credit Suisse too. The Bank was sold to UBS in a deal...

Air India – Vistara merger: Implications for employees & consumers

The merger of Air India and Vistara is expected to have a significant impact on the employees of both airlines, albeit in an uneven...

Will Vistara give 8% pay hike to pilots?

Come April 2023, and Vistara pilots and cabin crew will enjoy an eight per cent increment in pay. The hike will be added to...

HGS to acquire uKnowva, a digital HRMS product business

Hinduja Global Solutions (HGS) has signed a non-binding Letter of Intent (LoI) to acquire uKnowva, a digital human resources management system (HRMS) product business,...

How Modenik Lifestyle integrated cultures after the merger

Last year, Advent International decided to merge its two portfolio companies, Dixcy Textiles and Gokaldas Intimate wear, the latter being the parent company of...

Churchill II to merge with Skillsoft and acquire Global Knowledge

Churchill Capital Corp II will merge with Skillsoft, as per an agreement entered into by the two parties. The transaction is valued at about...

CBSI India and staff to now operate as part of FirstMeridian

FirstMeridian, the HR platform, has announced 100 per cent acquisition of technology company, CBSI India. The information technology (IT) staffing business and its employees...

“No layoffs post merger of OBC, UBI and PNB,” assures MD...

SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed following the merger of...

Willis Towers Watson faces lawsuits for misleading shareholders

The acquisition of Willis Towers Watson by Aon has been making headlines for all the wrong reasons. The former is facing a minimum of...

Employees strike against merger and consolidation of PSBs

Employees of public-sector banks (PSBs) held a day-long protest against the merger of banks and the hike in service charges. A nation-wide dharna against...

BSNL and MTNL to be merged, Cabinet approves VRS package for...

As part of the rescue plan to revive Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) the Governemnt has decided to merge the...

Bank employee unions to go on strike on 22 October

Banking operations are likely to be impacted next week when the bank employee unions go on strike on 22 October. The strike has been...

BSNL will lay off 30% contract workers

It is reported that 30 per cent of the contract workers in BSNL will be laid off, as the state-run telecom company is struggling...

Mahindra & Mahindra will control the composition of board of directors...

Indian multinational car manufacturing company, Mahindra & Mahindra (M&M), will be acquiring 55 per cent stake in Meru Travel. As per the agreement, post...

How can HR ensure the success of a strategic alliance?

There are many examples of strategic alliances in India, where two organisations have come together to achieve a certain goal. One such example is...

Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance announced

Private-sector lender, Lakshmi Vilas Bank is merging with the non-banking finance company (NBFC), Indiabulls Housing Finance. The announcement was an unexpected one for the...

160 laid off at Al Hilal Bank, Abu Dhabi

With a three-way merger on the cards, Abu Dhabi’s Al Hilal Bank has reportedly rendered 160 people jobless. The Bank is expected to merge...

Deutsche Bank to merge with Commerzbank, US staff uncertain

About 10,000 employees of Deutsche Bank in the US are enveloped in uncertainty with the Bank expected to be merged with Commerzbank. The employees...

Walmart Labs acqui-hires start-up Int.AI

After having acqui-hired the start-up Appsfly in September this year, Walmart Labs is now acqui-hiring Int.AI, a machine learning start-up, in an attempt to...

LinkedIn acquires Glint, to offer better, insightful and actionable feedback

Microsoft-owned LinkedIn — the web- and mobile-based business and employment-oriented service — has announced its acquisition of Glint, which is a California-based organisation that...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Google terminates 28 employees over Israel protests

Google terminated 28 employees following protests staged by a small group of Alphabet workers against the tech giant's collaboration with Israel. The protests, which...

Latest

Allcargo: Propelling tomorrow’s logistics mavericks with the t2v framework

The world of logistics is a high-octane arena where agility and innovation are the lifeblood of success. In this cutthroat landscape, talent isn’t a...

Sulabh Kulshreshtha moves from Nykaa to Livspace, as head-HR

Sulabh Kulshreshtha has joined Livspace, the home interiors and renovation platform, as head of human resources. He moves from Nykaa, where he served for...

Will Indian migrant workers to Britain be able to sponsor family members now?

With the new visa and income rules being implemented in the UK, migrants who earn less than £29,000 will not be able to sponsor...

Kerala IT firms opt for long tests over traditional hiring methods

Discarding conventional hiring methods, information technology (IT) firms in Kerala are going for tests suited to the modern digital era, to gauge the suitability...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

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....
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