With no hope of demand picking up this holiday season, Lufthansa is seriously considering reducing its fleet of planes by…
Browsing: Retrenchment
Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was…
SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed…
Tata Consultancy services (TCS) is expecting the second quarter of FY21 to be strongly impacted by the pandemic and the…
The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise…
A tool-down strike was held by about 2500 contractual workers at Honda Motorcycle and Scooter India’s (HMSI) Manesar plant against…
Union of IT and ITES employees (UNITE) is not ready to take the recent announcement made by Cognizant to lay…
Following PTI’s decision to retrench 297 employees and the announcement of its compensation plan, the Federation of PTI Employees Union…
The Company is rationalising its staff at its Chennai and Hyderabad units.
The Company will also be hiring new employees considering the high demand for its vehicles.
From a 15–16 level hierarchy, the organisation is moving to a five-level one.
Operations managers across the country have been sent e-mails to “right size” their respective teams.
Last week, the English daily discontinued its business bureau in Delhi and Mumbai and syndicated the same to Mint.
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.
The company will carry out an orderly ramp-down, chiefly in India, over the next few months.
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.
So what, if you are fired? Don’t fret. This is the best time to explore other opportunities or even alternative careers.
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.
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.
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!
Hewlett-Packard Enterprise, the newly formed company hopes to reduce costs by $ 2.7 billion through this layoff.