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layoffs and downsizing
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BANGALORE,
Saturday, April 13, 2013
The second-largest IT services company in the country, Infosys Technologies Ltd., saw a sharp and unprecedented decline in share prices, registering by the end of Friday a decline of 21.33 per cen...
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Bangalore,
company information,
employment,
Karnataka
CHENNAI,
Friday, January 18, 2013
Struggling mobile handset marker Nokia has turned to increased outsourcing, transferring up to 820 employees to HCL Technologies and Tata Consultancy Services on Thursday, in a bid to cut operating...
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New Delhi,
Friday, January 4, 2013
Amid speculation of large scale layoff at Infosys affecting nearly 5,000 employees, country’s second largest software services company on Friday said it actively asks the “under-performers to seek...
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MUMBAI,
December 25, 2012
Some employees allege the management has been ignoring notices from the Delhi Labour Court for negotiations
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November 28, 2012
As the November 30 deadline approaches, workers are expecting that the Indian steel tycoon and the French government can resolve the standoff through negotiations
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NEW DELHI,
August 18, 2012
The issue of “mass dismissal” of Maruti Suzuki India Ltd. (MSIL) workers was raised in the Rajya Sabha on Friday, with members asking the Union government to order a fair probe into the violence...
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COIMBATORE,
August 2, 2012
Local businessmen prefer service apartments to accommodate guests
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Helsinki/New Delhi,
June 14, 2012
Mobile handset firm Nokia, on Thursday, said it would sell its luxury mobile brand Vertu to private equity firm EQT VI for an undisclosed amount.
The move is a part of Nokia's strategy to...
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MADRID,
October 15, 2011
Demonstrations against corporate greed, government cutbacks
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August 19, 2011
Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will axe several thousand more jobs, The Wall Street Journal and The New York Times<...
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LONDON,
August 1, 2011
British banking company HSBC said on Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its bank branches in the U.S., part of a new strategy to cut back on retail operati...
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Berlin,
June 11, 2011
The chief representative of employees at German carmaker Opel demanded Saturday a clear statement from US concern General Motors to deny rumours that GM might sell the Opel unit.
Wo...
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NEW DELHI,
April 27, 2011
Nokia on Wednesday said it would cut 300 jobs in India by the end of 2012 as part of the Finnish mobile giant's restructuring plan that would affect 7,000 employees globally. “With th...
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MUMBAI,
December 15, 2012
The terminated employees of Tata Communications Ltd (TCL) have approached the Telecommunication Ministry and the Telecom Commission, seeking reinstatement.“The axed employees belonged to f...
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New Delhi,
November 26, 2012
Motorola Mobility has shut down its India-specific product website as part of its global streamlining process.
“We are streamlining our business and support systems, and unfortunately, we...
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GURGAON,
August 18, 2012
Workers from different factories in the Gurgaon-Manesar industrial belt, along with trade unions cutting across political affiliations, on Friday opposed the sacking of 500 workers at Maruti Suzuk...
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Paris,
July 26, 2012
French telecoms equipment maker Alcatel-Lucent announced its intention on Thursday to cut 5,000 jobs worldwide as part of a plan to cut costs by 1.25 billion euros (1.51 billion dollars) by the en...
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Amsterdam/New Delhi,
October 17, 2011
Consumer electronics giant Royal Philips Electronics on Monday said it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exerci...
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LONDON,
September 6, 2011
Rupert Murdoch’s newspapers in Britain are cutting 110 staff jobs, hitting all three of its titles. News International, a unit of Murdoch’s News Corp., said Tuesday that chief executive Tom...
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New Delhi,
August 4, 2011
Civil Aviation Minister Vayalar Ravi on Thursday said the continuing rise in aviation oil prices, rise in wages and competition from other airlines led to Air India incurring a loss of Rs. 6...
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NEW YORK,
July 25, 2011
BlackBerry maker Research In Motion is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives. The job cuts amount to about 10...
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LONDON,
May 20, 2011
To invest 400 m pounds in Long Products division to turn it around
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Helsinki/New Delhi,
October 21, 2010
World’s largest mobile phone maker Nokia Oyj will axe 1,800 jobs worldwide as the company embarks on streamlining its smartphones business.The move comes at a time when the Finnish ma...
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