Hewlett-Packard plans to slash up to 30,000 jobs in the coming months, which would be one of the biggest layoffs in American corporate history, says a media report.
According to industry estimates, textiles exports have declined by 6.8 per cent during the April-May period of 2007-08, while cotton yarn has seen a negative growth of 9.9 per cent. India's textile exports amounted to $19 billion last year and the target for this fiscal was set at $25 billion.
The quantum of job loss witnessed in the private sector was made good by creation of more jobs in the public sector.
Here's how you can weather the storm caused by a sudden job loss.
A round-up of Saturday's fifth round action in the FA Cup
Opposition leaders in Punjab have claimed that the Aam Aadmi Party's (AAP) defeat in the Delhi Assembly polls signals the beginning of its downfall in the state as well. They cited the party's inability to deliver on promises and allegations of corruption as reasons for the setback in Delhi and predicted a similar fate for the AAP in Punjab, where it is currently in power.
The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.
Ruud van Nistelrooy will take over on an interim basis.
Net job creation in the economy fell by 16.9 lakh in FY21 over the previous fiscal, shows an SBI Research analysis of EPFO payroll data. However, the FY21 numbers are better than the FY20 net job creation, which had declined by 28.9 lakh, further cementing the view that the economy is not creating new employment opportunities. The latest EPFO data shows that net new EPF subscribers stood at 94.5 lakh in FY21, and NPS added 5.82 lakh, taking the cumulative net addition to 100.4 lakh, which is marginally down from 102.3 lakh in FY20.
The bodies of the last four of the trapped labourers were pulled out from the site of the avalanche-hit Border Roads Organisation (BRO) camp in Chamoli on Sunday, taking the death toll to eight as authorities ended the nearly 60-hour rescue operation.
A quarterly index on jobs created is vital for policy action.
With the financial crisis ebbing, the pace of vanishing employment has come down in recent months as against an average of a whopping 9,000 job losses daily in the beginning of this year.
The take by the Economic Survey 2024-25 on work hour week had come weeks after Larsen & Toubro Ltd Chairman and Managing Director SN Subrahmanyan sparked off a raging debate on social media when he said employees should work 90-hour a week, including on Sundays rather than sit at home.
The 5,000 jobs would be cut from the Anglo-Dutch oil and gas group as part of a restructuring that began earlier this year.
Temperatures in 17 locations breached 45 degrees Celsius on Monday, with the punishing heat affecting health and livelihoods.
The development comes months after another Seattle police officer Daniel Auderer was fired following his insensitive comments and laughter after Kandula's death.
Internet shutdowns by law enforcement agencies like the one in Manipur and Punjab cost $1.9 billion to the Indian economy in the first half of 2023, a report said on Thursday. The shutdowns also led to a loss of nearly $118 million in foreign investment and triggered over 21,000 job losses, the global non-profit Internet Society said in its report 'Netloss'. The non-profit arrived at the financial impact of the shutdown going beyond the loss of output and included factors like change in the unemployment rate, Foreign Direct Investment (FDI) lost, risks of future shutdowns, population in the working age etc.
Goalkeeper Nidhi stole the spotlight in the final, with three clutch saves in the shootout against Lihang Wang, Jingyi Li, and Dandan Zuo, helping her side prevail over the Chinese.
Bangladesh plunged into chaos after Sheikh Hasina resigned as the Prime Minister of Bangladesh and fled the country in the wake of mounting protests on August 5.
Leaders of the Maharashtra NDA alliance, including the BJP, Shiv Sena, and NCP, are set to meet with the BJP's national leadership on Thursday to finalize the composition of the new state government. The meeting is expected to confirm the formula of one chief minister and two deputy chief ministers, with the BJP likely to hold the chief ministerial post and its allies Shiv Sena and NCP sharing the deputy chief minister positions. The BJP-led Mahayuti alliance won a landslide victory in the recent state assembly elections, securing 230 seats in the 288-member House.
Vodafone, the mobile phone giant headed by NRI chief executive Arun Sarin, on Tuesday announced annual losses of 14.85 billion pounds and said it planned to cut 400 jobs at its headquarters in Newbury in the UK.
In signs of improving labour market, private companies in the US generated 201,000 new jobs this month.
Dabba Cartel's reluctant black comedy in the body of a crime thriller starts out interestingly enough to accomplish its Narcos: Thane aspirations, notes Sukanya Verma.
Increased investment in forestry could provide jobs in areas such as forest management and agro-forestry, improved management of forest fires, development and management of tracking trails and recreation sites in forests, expansion of urban green spaces, restoration of degraded forests and planting new ones. Such activities could be tailored to local circumstances like the availability of labour, skill levels among population and social, economic and ecological conditions.
The business services sector in the United Kingdom may see over 300,000 job losses in next four years due to the impact of the recession, a report by economics consultancy Centre for Economics and Business Research (CEBR) has said.
Following a deadly stampede at New Delhi Railway Station that claimed 18 lives on Saturday night, authorities have implemented stringent security measures, including prohibiting loitering on the foot overbridge. The Railway Protection Force (RPF) is also monitoring trains heading towards Prayagraj and deploying additional personnel to manage crowds. CCTV surveillance has been enhanced, and announcements are being made to guide commuters and prevent panic. The stampede occurred due to a mix-up in train announcements, leading to a surge of passengers rushing towards platform 16 via a narrow stairway.
The figure was well below the expectations of most economists, who were on average predicting a gain of about 70,000 jobs
'Mr Minister, it has been more than five years for your government. There is no job creation. Whatever jobs were there, they have been snatched due to the economic slowdown brought by the government. You want to escape by insulting North Indians'
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
Citywatch, the anti-crime group, regularly monitors such activities in collaboration with shops and businesses.
'Some people even boldly ask for a 100% increase in the salary.'
Over one lakh people have lost their jobs in the export sector in the last five months due to the global downturn, the Rajya Sabha was informed on Wednesday.
Punjab Police thwarted farmers' attempt to go to Chandigarh on the Samyukta Kisan Morcha's call for a week-long dharna beginning Wednesday, as multiple checkpoints were set up across the state and security stepped up at all entry points of the Union Territory.
People in full-time jobs should especially avoid intraday trading as it results in loss of focus and affects performance.
rediffGURU Komal Jethmalani offers advice on how to alter your lifestyle so that you can stay healthy.
The Bhagavad Gita reminds us that true peace comes not from the absence of problems, but from the ability to face them with a prepared mind and a steady resolve, says Vatsal Ramaiya, and shows how the Gita helps you to achieve financial peace.
According to the Financial Times, Credit Suisse will be trimming its workforce by 10 per cent leading to job loss for 650 employees, while HSBC said it was slashing 500 jobs. Credit Suisse has been impacted by the loan writedowns, which has led to two quarters of losses for Switzerland's second-largest bank this year, the report said.
British banking major HSBC on Thursday announced a consolidation exercise under which it will almost halve the number of branches in the country to 26, which will lead to 300 job losses.
At least 11 passengers were killed and 25 others injured after a Maharashtra State Road Transport Corporation (MSRTC) bus overturned in Gondia district of the state on Friday afternoon. The bus, operated under the service name 'Shiv Shahi', was carrying 36 passengers and heading to Gondia district from Bhandara in eastern Maharashtra when it flipped over at Khajri village in Sadak Arjuni taluka after its driver applied brakes to avoid hitting a two-wheeler that suddenly came in the front. The injured passengers were shifted to different hospitals.
