Tag: Retrenchment

Lufthansa considers reducing fleet and more job cuts as losses mount

With no hope of demand picking up this holiday season, Lufthansa is seriously considering reducing its fleet of planes by 150 in the next...

Singapore Airlines pilots prefer 60% pay cut to job loss

Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was reached between Singapore Airlines...

“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...

TCS defers increments, will not reduce jobs

Tata Consultancy services (TCS) is expecting the second quarter of FY21 to be strongly impacted by the pandemic and the lockdown. However, Rajesh Gopinathan,...

How Oyo benchmarked its exit process

The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise is becoming a hot...

Workers protest at Honda plant following retrenchment

A tool-down strike was held by about 2500 contractual workers at Honda Motorcycle and Scooter India's (HMSI) Manesar plant against the retrenchment of 400...

Cognizant’s retrenchment move opposed

Union of IT and ITES employees (UNITE) is not ready to take the recent announcement made by Cognizant to lay off thousands, lightly. According...

PTI Employees Union files writ petition challenging ‘misleading’ compensation figures

Following PTI’s decision to retrench 297 employees and the announcement of its compensation plan, the Federation of PTI Employees Union has claimed the compensation...

IT retrenchment woes continue: Verizon lays off over 1,000 employees in...

The Company is rationalising its staff at its Chennai and Hyderabad units.

Tesla Motors fires over 400 employees in annual appraisal process

The Company will also be hiring new employees considering the high demand for its vehicles.

Tata Motors to restructure its workforce, tone down hierarchies

 

From a 15–16 level hierarchy, the organisation is moving to a five-level one.

 

Amid struggle for cash and growth, Snapdeal decides to cut staff

Operations managers across the country have been sent e-mails to “right size” their respective teams.

100s of journalists’ jobs at stake: Hindustan Times plans to shut...

Last week, the English daily discontinued its business bureau in Delhi and Mumbai and syndicated the same to Mint.

ABP to reduce its workforce by 40 per cent

On one hand, if sales professionals and techies are to gain jobs due to demonetisation, on the other, a large number of journalists and ad-sales professionals are to lose their jobs.

Infosys to reshuffle 3,000 jobs post RBS’ decision to cancel project

The company will carry out an orderly ramp-down, chiefly in India, over the next few months.

In case of mass retrenchment of white collars

Large-scale white-collar displacement at middle and senior levels is a relatively new phenomenon and that too without the safety net of trade unions. Here is what one should do to safeguard oneself.

Things to do after – ‘You Are Fired!’

So what, if you are fired? Don’t fret. This is the best time to explore other opportunities or even alternative careers.

Grofers curtails workforce by over 10 percent

Grocery delivery service, Grofers has decided to lay-off 10 percent of its workforce, and at the same time has revoked joining of 67 fresh hires.

Layoff at IBM: Severance package reduced to a month

There have been several media reports since the evening of March 2, 2016 on the same. One tech website has reported that the retrenchment could be as big as one-third of the total workforce.

When layoffs become inevitable: The painful story

Loss of job is undoubtedly an emotional time when people feel alone, scared and vulnerable. It is important for an employer to smoothen the termination process, show compassion and empathy and re-instate trust. The employees must see the decision as a necessity for business rather than a witch hunt!

HP split costs 30,000 jobs

Hewlett-Packard Enterprise, the newly formed company hopes to reduce costs by $ 2.7 billion through this layoff. 

Importance of the 3 new Cs — connection, communication and clarity

Speaking to clients, colleagues and business people alike, I notice that, now more than ever, it is important for us as personal, group and...

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...

ExxonMobil to slash 300 jobs in Singapore

About 300 employees of ExxonMobil in Singapore will be asked to leave, as part of a major reorganisation exercise. The American oil and gas...

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Staff at Branch International to enjoy Mental Health Day Off

With an aim to create a better workplace by means of innovative policies, Branch International, has committed to nurture a safe, inclusive and productive...

Many corporates willing to bear vaccine cost of staff

Infosys, Tata Consultancy Services (TCS) and Accenture India will bear the cost of vaccines for their eligible employees and their family members. Others such...

How IBM uses AI across functions for better performance

While the hybrid work culture has been throwing multiple challenges at HR across industries, IBM, “radically redefines” the role of the HR department to...

Goldman Sachs to expand Singapore workforce by 100

Goldman Sachs Group is all set to increase the headcount of its Singapore workforce to over 1,000. It is looking to hire about a...

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...