Page 5 - Job Cut

Fears about India's retail loan defaults overblown, says Macquarie

"the unanimous feedback has been that there has been a decline in the total loan book under moratorium from the 25-30% numbers reported as of end-May," analysts led by Suresh Ganapathy wrote in a note

Tata Motors owned Jaguar Land Rover plans over 1,000 job cuts over Covid-19

The UK's largest automotive manufacturer, which had earlier on Friday reported a 30.9 per cent drop in sales in the aftermath of the pandemic related lockdown

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.

A horror movie in the making?

After the lockdown, a summer of discontent is looming as the jobs crisis deepens

WeWork India cuts 20% staff, says hard decisions needed to sustain pandemic

Virwani also noted in the communication that the first priority of the company is to get the maximum value from its buildings and reduce costs by the business efficiently

NYC may lose 475,000 jobs, $9.7 bn in tax revenue due to Covid-19: Report

Given the staggering job losses, IBO said it assumes that the US economy has entered a recession even though official statistics have not yet captured the scenario

Around 80,000 jobs expected to be cut due to coronavirus lockdown: Report

The expectation of retrenchment of 20 per cent of employees by those featured in the survey amounts to 78,592 people.

Oyo to cut about 5,000 jobs in broad overhaul, highest reductions in China

The restructuring in China is in line with the global restructuring exercise announced in January 2020, said sources.

Bosch likely to cut around 2,000 jobs in India amid auto sales slump

Carmakers will shed 80,000 jobs across the world in the coming years

Over 600 jobs cut at US unit following Washington's sanctions: Huawei

The layoffs will come at the Chinese company's US-based research and development arm, Futurewei Technologies, which is incorporated in Texas

Govt job cuts? To lower revenue expenditure, Tamil Nadu mulls outsourcing

According to the Budget documents, almost 40 per cent of the state's revenue expenditure during 2017-18 is accounted for by salary and pension