Job Cuts
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HSBC set to cut up to 10,000 jobs in drive to slash costs: Report
Business | Oct 07, 2019, 09:01 AM ISTHSBC Holdings Plc is planning to cut up to 10,000 jobs 'high paid' as part of a major cost-cutting drive as interim Chief Executive Officer Noel Quinn is seeking to reduce costs across the banking group, according to Financial Times reports published on Sunday.
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Volkswagen rules out job cuts for next 10 years
Jun 05, 2019, 04:25 PM ISTAutomaker Volkswagen is ruling out compulsory layoffs at its core brand's German plants for the next 10 years even as it looks to cut costs and adapts to increasing digitalization.
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In major rejig, Rolls-Royce to slash more than 4,600 jobs
World | Jun 14, 2018, 05:25 PM ISTAccording to Rolls-Royce, about a third of the job cuts are expected to happen by the end of 2018 and the programme is expected to continue throughout 2019, with full implementation by mid-2020.
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Pay hikes may increase by 10-15% in 2018 after trimming of jobs in 2017
Business | Dec 10, 2017, 01:40 PM ISTThe catch would be 'right' talent which HR experts broadly define as those who are able to re-skill themselves as per the changing work profile requirements.
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Incorrect to assume IT industry going for large scale layoffs, says govt
May 16, 2017, 04:14 PM ISTThe government has categoric assurance from the industry in this regard, IT Secretary Aruna Sundararajan emphasized today
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China's Lenovo to lay off 3,200 employees as net profit halves
Aug 13, 2015, 06:14 PM ISTBeijing: China's Lenovo Group, the world's biggest personal computer maker will lay off about 3,200 workers after profits more than halved in the second quarter of 2015, the company announced on Thursday, becoming the first
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Australia Post to axe 1,900 jobs due to rise in emails
Jun 26, 2015, 10:41 AM ISTSydney : The rapid decline of traditional letters due to emails has led the Australia Post to announce 1,900 job cuts over the next three years, authorities said on Friday.The Australia Post said losses in
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Job cuts on anvil at India Inc, salary hikes to hit dead-end: Survey
Aug 28, 2013, 09:45 AM ISTNew Delhi: Amid continuing economic uncertainties, a lesser number of companies at plan to create new jobs in the coming months, while some employers also expect job cuts, says a survey by job portal Naukri.com.Just