Page 125 - Labor
GoPro to layoff over 300 employees this week
GoPro, a manufacturer of eponymous action cameras, mobile apps and video-editing software is reportedly facilitating a major layoff during the coming week, which is expected to cost around 200-300 employees their jobs.The layoff is largely concentrated around the aerial division, the segment of the company responsible for its Karma drone, company sources told TechCrunch.The American tech company in a letter to impacted employees explained that the cuts were part of a larger restructuring to better align our resources with business requirements.Sources revealed that although the company relieved impacted employees of duties, they will be kept on the payroll until February 16, in lieu of its upcoming earnings report.GoPro's Karma drone has faced a series of obstacles in the recent past, both with regards to its technical limitations and a mass recall after reports stated drones were dropping from the sky late last year.The present layoff follows a similar situation in 2016, when GoPro ..
Dow crossing 25,000 mark, sign of 'Make America Great Again':
With the Dow Jones industrial index crossing the 25,000 mark for the first time, President Donald Trump has said 'Make America Great Again' was happening at a faster pace than anyone thought possible. The Dow Jones industrial average yesterday closed over 25,000 for the first time and covered the fastest 1,000-point move in its history, following the release of stronger-than- expected jobs data. The other two indexes also made substantial progress. The S&P 500 advanced 10 points to 2,723 and Nasdaq Composite was up 12 points at 7,077. "When the dreams of the American people are unleashed, there is nothing -- absolutely nothing -- we can't achieve. We are going to make America great again, and it's happening a lot faster than anyone thought possible," he said in a video message played during the daily White House news conference. Trump said that the historic tax cut he signed into law two weeks ago, before Christmas, is already delivering major economic ...
Bus strike hits commuters in Tamil Nadu
An indefinite strike called by the state transport workers' unions in Tamil Nadu has left scores of commuters stranded in various parts of the state.A large number of people were seen queued up waiting for the private buses at the different bus stops.The strike, following the failure of talks on wage revision and clearance of pending dues with Transport Minister M.R. Vijayabhaskar, was declared on Thursday.Drivers and conductors of various state transport corporations went on a sudden strike from midnight."I have been waiting for a few hours now, but the bus is not running. The auto fare is so high, I cannot afford it. So I have called my brother to pick me up", said Deepika, one of the commuters.The workers of the transport department have been demanding for a pay scale revision to Rs 30,000.However, the authorities agreed to pay only Rs 24,400.
TN govt buses off roads as 10 transport unions go on strike
About ten transport unions today announced an indefinite strike following collapse of wage related talks with the state government even as some buses went off the roads in Tamil Nadu. Trade union representatives, who attended the talks with Transport minister M R Vijayabaskar, said no consensus was arrived at over a key demand on a "factor" determining wage structure. On the other hand, Vijayabaskar said the hike proposed this time was "unprecedented" and urged the workers to resume work in in the interest of the people. He said a majority of the workers were affiliated to the ruling AIADMK backed Union and expressed confidence that bus services will not be affected. "There will be minor issues but we will address them," he said. The government's '2.44 factor' will result in an additional expense of Rs 81 crore per month on transport corporations even as a special increment was being given to those who had joined work between 2013 and 2016, he said. This wage agreement ..
U.S. jobless claims rise, data for several states estimated
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose for a third straight week last week, but that likely does not suggest a material shift in labor market conditions as data for several states, including California, were estimated.
Hyderabad woman seeks MEA help in bringing sisters from Saudi
A woman from Hyderabad has appealed to External Affairs Minister (EAM) Sushma Swaraj for the safe return of her sisters stranded in Saudi Arabia.The woman, named Farhana, claimed that two of her sisters, Rehana and Noor, who had gone to Saudi Arabia for employment, are stuck there and being assaulted and tortured.Farhana said that an agent Maksood approached them and offered a beautician job in Saudi Arabia's Al-Qassim, but when her sisters reached there, they were forced to work as housemaids."My sisters are not even provided proper food and not allowed to contact us", Farhana said.She even claimed that the agents promised a monthly salary of 1200 Saudi Riyal, but paid one Saudi Riyal.Both the sisters are stuck in Saudi from February 5, 2017."I appeal to Sushma Swaraj ji to rescue them from the clutches of those employers", she added.
Vaibhav Global's subsidiary STS Gems recognised as 'Greater China's Best Companies to Work For 2017'
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Bosses with mood swings make workers most anxious
Does your boss switch between being friendly and nasty at the drop of a hat? It may make you more anxious than having an employer who is in a bad mood all the time, a study conducted in India and the UK has found. Not being able to predict how their boss is going to act towards them has a detrimental effect on the productivity of workers, researchers said. Far from the stereotypical view that ruthless and unsympathetic managers cause the greatest issues for employees, researchers from the University of Exeter in the UK showed that bosses who switch between being friendly and severe at the drop of a hat are actually most damaging. Experts found even a poor but consistent relationship with managers was better for workers than one that was influenced by mood swings. The impact is worse when colleagues don't have a supportive relationship with their co-workers. Academics measured how "ambivalent" staff felt about their manager to what extent they had both positive and ...
EU will 'survive' Brexit, remain strong: Mogherini
The European Union will "survive" Britain's Brexit departure and will remain strong, the bloc's foreign policy chief has said. "Many believed that the referendum in the United Kingdom (on leaving the EU) was going to be the beginning of the end of the European Union," Federica Mogherini said during a two- day visit to Cuba. "I'm very positive on the fact that the Union is not only going to survive, but it's going to go deeper," Mogherini said. "The world needs the European Unions to stay strong, and so, this is what are we are going to do," she said. Britons voted 52 to 48 percent in June 2016 in favor of quitting the EU, putting their country on track to become the first to leave the bloc. Britain began what is expected to be two years of difficult divorce negotiations with a formal notification by letter to the EU president in March 2017. The talks between London and Brussels are set to move on to transition arrangements, trade and security as Britain prepares to leave
Trump denounces ex aide Bannon, says he's 'lost his mind'
US President Donald Trump unleashed a spectacular denunciation of one of his closest political allies today, describing his former White House chief strategist Steve Bannon as insane and irrelevant. "Steve Bannon has nothing to do with me or my presidency. When he was fired, he not only lost his job, he lost his mind," Trump said in a statement that was notably abrasive, even for America's combative 45th president. Trump said Bannon -- who engineered the New York real estate mogul's link to the nationalist far right and helped create a pro-Trump media ecosystem -- was "only in it for himself.
Band-aid remedy
Temporary employment is a hurdle in creating and sustaining a strong organisational culture and commitment
Hyderabad man gets Rs 500 reward for information on beggars
The Telangana prisons department has given Rs 500 to a person as a reward for providing information about location of beggars in the city. This is perhaps the first such instance in the state. "We gave the money yesterday," V K Singh, Director General of Prisons, said today. The identity of the person was not disclosed. The prisons department has launched an initiative to rehabilitate beggars in the state capital. After launching the initiative, the department announced in the last week of December to offer a reward of Rs 500 to anyone providing information about the presence and location of beggars. Many people, who provided information, however, refused the reward money, Singh said. The department is providing beggars shelter, food, counselling and employment skills training. "If they are sick, we are getting them hospitalised and taking care of them. This is a comprehensive package," Singh had said last week. If they are fit, the beggars are given employment in the ...
EPS-95 pensioners demand Rs 7,500 minimum pension
All-India EPS-95 Pensioners Sangharsh Samiti today said that their members in different states are pressing the government for minimum monthly pension of Rs 7,500 under the scheme. The members of Employees' Pension Scheme 1995 (EPS-95) has started 'Bhiksha Aandolan' (begging movement) to press the government for their demand of minimum monthly pension of Rs 7,500 and interim pension of Rs 5,000, All-India EPS-95 Pensioners Sangharsh Samiti said in a statement. According to the statement, at present the minimum monthly pension of Rs 1,000 is provided under the EPS-95. There are around 60 lakh pensioners out of which around 40 lakh pensioners are getting less than Rs 1,500 per month, when the government has about Rs 3 lakh crore of pension funds. The Samiti said its members collected Rs 1,922 in Haridwar, Rs 10,000 in Maharashtra and Rs 5,000 in Telangana, which was deposited into Prime Minister's Relief Fund. It also said the main objective of this movement to reach out ..
Suu Kyi govt ups Myanmar minimum wage as economy staggers
Myanmar is set to raise the minimum wage to around $3.60 a day, state media announced today, as Aung San Suu Kyi's civilian government struggles to project economic progress after almost two years in power. The new daily figure of 4,800 kyats represents a 33 percent increase on Myanmar's first-ever minimum wage introduced in 2015 by the previous army-backed administration. "The new minimum wage will be applied across all regions and states to all businesses with 10 or more workers," the state-backed Global New Light of Myanmar reported. Suu Kyi's National League for Democracy (NLD), which took power in April 2016, made the economy a central plank of its campaign. But critics say it has failed to make real progress, struggling to pass laws that make Myanmar an easier place to do business or articulate a clear economic vision. Myanmar saw GDP growth in 2017 slow to 5.9 per cent, the International Monetary Fund said in November, estimating a rebound to 6.7 per cent this ...
Cabinet approves waterway project on Ganga
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved Jal Marg Vikas Project (JMVP) for capacity augmentation of navigation on National Waterway-1's (Ganga river) 1,380-km Haldia-Varanasi stretch.
German jobs bonanza pushes unemployment to record low
BERLIN (Reuters) - Germany's unemployment rate hit a record low as its jobless total fell more than forecast in December, underpinning a broad-based economic upswing that augurs well for further strong growth in 2018.
US seeks no extension of H-1B visas, Indians may be hit:report
The US is considering new regulations to prevent the extension of H-1B visas as part of president Donald Trump's "Buy American, Hire American" initiative, a move which could hit tech firms and hundreds of thousands of Indian IT professionals, a media report said. The move could directly stop hundreds of thousands of foreign workers from keeping their H-1B visas while their green card applications are pending. The proposal which is being shared between the Department of Homeland Security Department (DHS) heads is part of Trump's "Buy American, Hire American" initiative promised during the 2016 campaign, US-based news agency McClatchy DC Bureau reported. It aims to impose new restrictions to prevent abuse and misuse of H-1B visas, besides ending the provision of granting extension for those who already have a green card. "The act currently allows the administration to extend the H-1B visas for thousands of immigrants, predominantly Indian immigrants, beyond the allowed two
Over 90k contract labourers working in railways
Over 90,000 contractual labourers work with the Indian Railways, Parliament was informed today. Minister of State for Railways Rajen Gohain told Lok Sabha that there are 94,165 contract labourers in railways and are engaged by contractors themselves directly depending upon the nature and quantum of outsourced work. The minister said South Central Railway, spread over six divisions - Hyderabad, Secunderabad, Guntakal, Guntur, Vijayawada, Nanded and spread over the states of Telangana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu and Andhra Pradesh - has the highest number of such labourers - 9,043. This is followed by Southeast Central Railway (9,339) which is headquartered in Bilaspur, South Eastern Railway (8,000) headquartered in Kolkata and Western Railway (7,328) headquartered in Mumbai. "Railways as principal employer ensures that contract labourers are provided facilities by the contractor as per provisions of labour laws including the Contract Labour ...
ixigo bags 1st place in Workplace Experience Ranking for 2017
India's leading travel search marketplace, ixigo, has been recognized as the best place to work by Workplace Experience Ranking among large startups in India.Culturro collaborated with BW Business World in partnership with Indian Angel Network and F6s to develop a platform to recognize the startups that contribute to the holistic growth of their employees.The survey was organized to evaluate the overall experience of employees at their organization.The productivity of the employees and their tenure in the company largely depends on their experience within the organization.The parameters under which the organizations were measured were enablement, communication, organizational alignment, ownership, wellbeing, agility, performance focus, growth and development, innovation and developing leaders."We are delighted to win the Workplace Experience Ranking 2017. The recognition underscores our commitment to employee satisfaction since the inception of ixigo. The absence of hierarchy and the .
US seeks no extension of H1B visas: report
The US is considering new regulations aimed at preventing the extension of H-1B visas, predominantly used by Indian IT professionals, as part of president Donald Trump's "Buy American, Hire American" initiative, a media report has said. The move could directly stop hundreds of thousands of foreign workers from keeping their H-1B visas while their green card applications are pending. The proposal which is being shared between the Department of Homeland Security Department (DHS) heads is part of Trump's "Buy American, Hire American" initiative promised during the 2016 campaign, US-based news agency McClatchy's DC Bureau reported. It aims to impose new restrictions to prevent abuse and misuse of H-1B visas, besides ending the provision of granting extension for those who already have a green card. "The act currently allows the administration to extend the H-1B visas for thousands of immigrants, predominantly Indian immigrants, beyond the allowed two three-year terms if a ..