Tag: Restructuring
Thai Airlines to cut down staff and sell aircraft
Thai Airlines, which has been struggling to make ends meet for a very long time now, has decided to sell 62 airplanes and cut...
ByteDance lays off people as part of restructuring
Chinese multinational internet technology company, ByteDance, is going through a major restructuring process. As part of the exercise, it is laying off people in...
Ford Motors restructuring in India, more than 40,000 jobs at stake
Ford India has announced the shut-down of its two factories in India, in Chennai (Tamil Nadu) and Sanand (Gujarat). With this decision, the livelihoods...
Radio Mirchi restructures team to align with digital ambitions
Radio Mirchi is now just Mirchi. The rebranding has been done in a bid to make the market understand the organisation’s changed business strategy....
Nokia to cut 1,500 jobs in India, as part of cost-cutting,...
Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a period of two years....
Nokia to slash 10,000 jobs
Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means, about 10,000 employees will...
2,000 to be laid off at Jaguar Land Rover
Jaguar Land Rover is all set to shrink its global workforce by about 2,000 as part of a cost-cutting exercise. Employees have already been...
Wistron’s plant to resume operations under probation, hire 15,000
Wistron’s plant at Kolar, Karnataka, is all set to resume operations and hire about 15,000 workers for the purpose. The Company, which makes the...
Garbing layoffs as restructuring: it matters to those axed
Julie Sweet, CEO, Accenture, revealed mid-August that it plans to lay off five per cent of its global workforce, affecting around 10,000 in India....
The trend of garbing layoffs as restructuring
There has been a trend for companies, be it small organisations or big, to lay off people in the name of restructuring. While companies...
Harley-Davidson to slash 500 jobs as part of five-year recovery plan
With sales plunging in the US, Harley-Davidson is planning to slash 500 jobs this year. These layoffs are part of a restructuring strategy being...
Salary restructuring at Yes bank amidst Covid menace
On May 31, Yes Bank announced the restructuring of salaries for its senior leadership team, and also mandated that nearly a third of their...
450 BBC newsroom employees to be laid off
Close on the heels of Tony Hall, director general, British Broadcasting Corporation (BBC), stepping down, the British public service broadcaster has decided to let...
HP India to slash 7000 – 9000 jobs globally in 3...
Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up to restructure globally and...
Over 15000 jobs to be cut at Deutsche Bank
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion, which will see more...
Cathay Pacific set to cut overseas jobs as part of restructuring
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
Tesla to layoff 9% workers
Employees to be affected by this layoff will be informed by end of this week. Tesla will provide significant salary and stock vesting to those affected.
Coca Cola’s corporate restructuring plan to create more jobs
HCCB intends to maintain a leaner corporate office, while strengthening the sales and supply chain.
Tata Motors to restructure its workforce, tone down hierarchies
From a 15–16 level hierarchy, the organisation is moving to a five-level one.
Mona Cherian is president & group head-HR, Thomas Cook
With over 30 years of professional experience, Cherian began her career as an associate professor at Sophia College.
Restructuring at Isuzu Motors India
Naohiro Yamaguchi has taken over from Takashi Kikuchi as the new managing director of Isuzu Motors India.
How coaching leaders through the tumultuous times ahead will make your...
While the last 18 months of the pandemic have been both heart breaking and incredibly challenging, we are about to enter an even more...
Apple staff to present proof of booster jab
All eligible employees of Apple will be allowed four weeks’ time to get their booster jabs. If they fail to do so, they will...
Latest
Process-driven approach can slow down decision making
The bigger an organisation, the more the processes and hierarchies there will be within it. During the startup phase, the teams are small, processes...
2 out of 3 Indian companies want a phased roll-out of the new labour...
The industry seems to be receptive to the four new labour codes that the Government is planning to implement in the near future, according...
Nupur Nagpal named new CHRO at Myntra
Myntra has announced the appointment of Nupur Nagpal as its new CHRO. In this role, Nagpal will lead the human capital function at Myntra,...
Tesla’s VP-people quits, joins Handshake as chief legal officer
Valarie Caspers, VP-people at Tesla, has moved on and joined Handshake — a job- search platform for college students — as chief legal officer....
DIALOGUE
“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...
Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...
“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...
