Page 38 - Layoff

Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency

Exxon to cut 14,000 jobs, including 1,900 in US, as Covid-19 hurts demand

The cuts would include everything from layoffs to retirements or performance-based exits

Govt proposes liberal hire-and-fire rules for firms with under 300 workers

Proposal will be a part of the Code on Industrial Relations, 2020 scheduled to be introduced by Labour and Employment Minister Santosh Kumar Gangwar in the Lok Sabha

Ford Motor to cut 1,000 North American salaried jobs amid overhaul

The job cuts are aimed at improving the automaker's efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action

Salesforce plans to cut 1,000 jobs after banner quarter, stock gains

Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information

Covid-19 woes: American Airlines plans 19,000 furloughs, layoffs in October

American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of the pandemic

Chevron Corp posts $8.3 billion quarterly loss on writedowns, job cuts

The loss includes $1 billion to cover severance pay for up to 15% of its 45,000-person workforce

Pay cuts can trigger 'desperate, extreme acts': Air India pilots to govt

The pilots said employees may be forced to challenge the decision in court, which might be a hurdle for the privatisation process

Covid-19 crisis: Ratan Tata says layoffs show India Inc's lack of empathy

While Tata Group has not laid off any employee, several Indian companies have retrenched staff due to lack of cash flow after the nationwide lockdown

Layoffs during pandemic shows India Inc's lack of empathy: Ratan Tata

Several Tata Group companies, including its airlines, hotels, financial services, and auto business, are severely hit, but have not laid off employees to date

No employee will lose job, says Air India, but cuts allowances by up to 50%

On Wednesday, Air India announced reduction in the allowances of its employees, who have a monthly gross salary of more than Rs 25,000, by up to 50 per cent

LinkedIn slashing about 960 jobs globally amid Covid-19 pandemic

The company, which is part of tech giant Microsoft, has about 1,200 employees in India. It also has a development centre in Bengaluru.

JSW to idle Ohio facility in US, sends lay-off notices to 160 workers

Sources said that the lay-off could be temporary and the company hoped that it would last less than six months. Questions sent to JSW Steel went unanswered

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

UK factories increasingly plan lay-offs, to recover from Covid-19: Survey

The survey showed only a slight improvement in gauges of revenue and new orders

These co-living startups are helping tenants sail through Covid-19

Firms are waiving the rent of those who have lost their jobs during the pandemic

Covid-19 impact: Lufthansa says 22,000 jobs could go in costs purge

The carrier may also face a fare war with European discounters led by Ryanair Holdings and years of sluggish demand on usually money-spinning long-haul routes.

After long stint, retrenched Raymond staff stare at tough legal battle

Company denies retrenching 'workers', says cost rationalisation has impacted some managerial positions

Covid-19 crisis: BP plans to slash 10,000 jobs as debt up by $6 bn in Q1

European competitor Royal Dutch Shell Plc is said to be offering voluntary redundancies in a bid to become leaner, and US rivals Chevron Corp. and Marathon Oil Corp. are among others laying off staff

Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high

The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.