Unlike most workers, the top executives have managed to keep their positions during these difficult economic times, according to an independent research firm Liberum Research, studying changes in top-management levels in listed companies.
Shun fixed deposits but invest in the new pension scheme, commodities, gold and equity to tackle ever-increasing prices and protect your investment returns from losing in value.
Faced with mounting costs and falling revenues, private airline Jet Airways has laid off 110 employees.Of these employees, 50 are contract employees who have 'superannuated,' and another 60 are probationary cabin-crew.
Images from Day 2 of the Pink-ball first Test between Australia and India, in Adelaide, on Friday.
Not every sector is going to grow equally this year. Here's a forecast of the jobs scene.
According to Jagat M Sarkar, head of HR, e-Rev Max, a product company which has its main development centre in Kolkata and presence in 60 countries, "In the given scenario, there will be increased focus on getting quality manpower. Salary hikes too would be hit. Those on the bench and non-performers are jittery too as companies plan on pink slips.
Xerox India Managing Director Andrew Horne said, 'In the current uncertain economic environment, every company is looking at how it can improve operational efficiency... We are amalgamating some roles. In all, 24 roles are disappearing. The decision on timing has been accelerated by pressures caused by the challenging business environment.'
The development in West Bengal follows a series of protests by traders and political parties in Orissa and Uttar Pradesh which has forced the company to put its plans in Uttar Pradesh on hold. It is also rethinking its strategy in Orissa.
Gripped by despair after being handed out pink slips, IT professionals now have help at hand with a group of concerned fellow professionals hosting a website to help them.
Iterating its commitment to India operations, Barclays India said: "We continue to be fully committed to our long term plans in the country. Barclays India, which is part of British banking giant Barclays Plc, has six entities operating in India employing more than 5,000 people.
The recession taught Indians value of money. So how to manage/use the salary hikes in an effective way so that it brings a fruitful return? Is it the time to splurge or go slow? Or is it prudent to continue with the austerity measures that one discovered during the lean time?
The shrinking sales of residential apartments have forced real estate developers in Pune to even pay the monthly home loan installments of their customers who have lost jobs due to the economic slowdown.
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.
As many as 62 per cent of employed Indians surveyed by TNS and Gallup International felt confident that their present jobs are safe. However, 57 per cent of citizens in India expect that unemployment would increase in the country during 2009, market information provider TNS said in its Voice of the People End of the Year Survey.
More than 21 lakh individuals have become jobless in the US ever since the world's largest economy entered into recession last December, with more number of employers resorting to mass layoff actions.
Have you been fired from your job recently? Or do you fear it will happen soon? Here are a few tips on how you can survive a layoff, financially.
India's fourth largest IT firm Satyam Computer Services is likely to give pink slips to 2,500 employees. The company's share price fell 9.5 per cent to Rs 368.15 on Monday.Satyam had a total headcount of 52,000 as of June-end. The company has already put some of its employees under performance improvement plan.
With times as tough as they've been of late, financial worries are taking a toll on other aspects of our lives, especially relationships. What are your views on marrying for money?
Observing that the H-1B work visa programme helps hire the best available talent of the world, American software giant Microsoft has said H-1B visa holders have contributed significantly to its success.
Musk has blamed activists for a significant drop in the company's revenues.
While outplacement is a relatively new concept in India, it helps boost morale at the time of layoffs.
Kamal Mansharamani of AlmaMate hosted a chat for IT graduates on how to make themselves employable in the IT/ITES sector.
Here's how you can make a financial plan that will help you create wealth even in the face of an economic meltdown.
The sea-facing desert city has been hit by a spate of redundancies recently, following the worldwide financial meltdown, which has affected its much vaunted real estate sector. The lay-offs affect both the locals as well as expatriates, mostly from the Indian sub-continent.
On slashing down prices, P Balendran, vice-president GM India, said the firm which had been offering discounts ranging from Rs 20,00 to Rs 50,000 across the range, besides a discount of Rs 3,000 to Rs 5,000 to government and PSUs during the festival season would continue it (discount) till the end of this month.
December and January can bring a blizzard of pink slips.
In an effort to control costs, Chennai-based IT solutions provider Ramco Systems has decided to slash the salaries of senior managers by 10-15 per cent. The move is likely to affect close to 220 of its 1,663 employees.
In this article we will discuss a strategy/plan that needs to be adopted to take the preparation to the next level in the coming days across each of the three sections that one has seen in CAT over the last few years.
The global recession is taking a toll and the tremors are being felt in India as well. On Wednesday, Jet Airways sacked 1,900 employees, many others are likely to follow suit.
As a slowdown looms, Indians remain optimistic, albeit cautiously so. The survey is the largest bi-annual study of its kind. The April round covered 28,253 Internet users in 51 markets. The previous leg was conducted on 26,000 people across 48 countries.
There's a new captain in the house and things are going to get a lot more interesting this week.
Faced with criticism over offshoring jobs to India and other developing countries, IBM Corp has adopted new internal transfer policies aimed at filling vacant positions in the company with workers who would otherwise get a pink slip.\n\n\n\n
Assembly elections are due in the state in September.
On her 50th birthday on June 25, Sukanya Verma celebrates some of her most significant works.
Kohli believes that loving Test cricket is an organic feeling and not something compulsory.
Jahnavi Kaushik, a customer care executive with a BPO, was shocked when an overseas caller abused her and blamed India for his pink slip. As the controversy on outsourcing snowballs, the BPO industry in India has started facing backlash calls.
Also, Justin Langer's chances of getting a fresh contract will depend on Cricket Australia's meeting where the top bosses are expected to take a call.
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