Tag: Retrenchment
Lufthansa considers reducing fleet and more job cuts as losses mount
Singapore Airlines pilots prefer 60% pay cut to job loss
“No layoffs post merger of OBC, UBI and PNB,” assures MD...
TCS defers increments, will not reduce jobs
How Oyo benchmarked its exit process
Workers protest at Honda plant following retrenchment
Cognizant’s retrenchment move opposed
PTI Employees Union files writ petition challenging ‘misleading’ compensation figures
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.