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Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off

Tata Steel Europe has begun consultations with the European Works Council (EWC) on restructuring plans for its business, which would include up to 3,000 job losses - 1,000 of which will be in the UK.
The job cuts were announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry.(Bloomberg)
The job cuts were announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry.(Bloomberg)
Published on Nov 28, 2019 01:33 PM IST
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London | ByPress Trust of India

IT companies may shed 30,000-40,000 mid-level staff: Mohandas Pai

The former Chief Financial Officer of IT major Infosys Ltd termed these job losses as once-in-five-years normal phenomenon with maturing of the industry.
Mohandas Pai said India’s information technology services companies may shed 30,000 to 40,000 middle-level employees this year.(Abhijit Bhatlekar/ Mint)
Mohandas Pai said India’s information technology services companies may shed 30,000 to 40,000 middle-level employees this year.(Abhijit Bhatlekar/ Mint)
Updated on Nov 19, 2019 12:02 AM IST
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Bengaluru | ByPress Trust of India

Plastic will choke India in the long run. Tackle it | Analysis

What is most troubling is not the plastic challenge in cities because they would still have the first access to information, technology, funds, and expertise to tackle the problem. The real challenge lies in smaller towns and kasbahs
Instead of a no-ban on SUPs, the least the Centre could have done was ban six SUPs — plastic bags, cups, plates, small bottles, straws, and certain types of sachets — and then others in a phased manner.(Getty Images)
Instead of a no-ban on SUPs, the least the Centre could have done was ban six SUPs — plastic bags, cups, plates, small bottles, straws, and certain types of sachets — and then others in a phased manner.(Getty Images)
Updated on Oct 05, 2019 04:54 PM IST
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Hindustan Times | By

‘No plans to revise fiscal deficit target now’: Sitharaman

Though equity markets welcomed the move, bond yields spiked to a near three-month high on speculation the government may have to borrow more to meet its spending needs.
Asked if the government will consider revising the fiscal deficit target, Finance Minister Nirmala Sitharaman said these are “decisions taken near the Budget”.(ANI PHOTO.)
Asked if the government will consider revising the fiscal deficit target, Finance Minister Nirmala Sitharaman said these are “decisions taken near the Budget”.(ANI PHOTO.)
Updated on Sep 22, 2019 09:43 PM IST
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New Delhi | By

‘No employee to be removed’: Nirmala Sitharaman dismisses fears of job loss after banks merger plan

Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of banks after the All India Bank Employees Union said the amalgamation would lead to closure of banks and job losses.
Chennai: Finance Minister Nirmala Sitharaman addresses a press conference, in Chennai, Sunday, Sept 1, 2019.(PTI photo)
Chennai: Finance Minister Nirmala Sitharaman addresses a press conference, in Chennai, Sunday, Sept 1, 2019.(PTI photo)
Updated on Sep 01, 2019 05:50 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Passenger vehicle sales drop for 9th consecutive month, 31% slump in July

The fall in car sales comes at a time when demand for consumer goods is falling and what is seen as a major sign of an economic slowdown in India.
Sales of passenger vehicles to car dealers fell 30.9% to 200,790 in July, data released by the Society of Indian Automobile Manufacturers (SIAM) showed.(Reuters file photo)
Sales of passenger vehicles to car dealers fell 30.9% to 200,790 in July, data released by the Society of Indian Automobile Manufacturers (SIAM) showed.(Reuters file photo)
Updated on Aug 13, 2019 12:40 PM IST
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Reuters | ByReuters

Employees will prefer to be replaced by robots

Over the next few decades, millions of jobs will be threatened by robotics and artificial intelligence.
When their own jobs are at stake, people would rather prefer to be replaced by robots than by another employee.(Unsplash)
When their own jobs are at stake, people would rather prefer to be replaced by robots than by another employee.(Unsplash)
Updated on Aug 12, 2019 02:07 PM IST
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Asian News International | ByAsian News International, Washington D.c.

As downturn continues, auto component industry stares at loss of 10 lakh jobs

The automotive component industry contributes 2.3 per cent to India’s gross domestic product (GDP), 25 per cent to its manufacturing GDP and provides employment to 50 lakh people.
There will be job losses to the tune of about 10 lakh if the downturn in auto sector continues.(Sanchit Khanna/HT File PHOTO)
There will be job losses to the tune of about 10 lakh if the downturn in auto sector continues.(Sanchit Khanna/HT File PHOTO)
Updated on Aug 11, 2019 11:07 AM IST
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Chennai | ByIndo Asian News Service

To spur rural development, India must make agriculture economically viable

It is surely possible provided we change our mindset and let 2022 -- the 75th year of India’s Independence -- be the milestone to restore the pride in agriculture, make farm distress history, and turn farming into a vibrant economic enterprise
Farmers have toiled hard to produce bumper harvests. And yet, with each passing year, the plight of a farming family has only worsened. Agriculture in reality has been a victim of macro-economic policies which aim at keeping food inflation low, provide cheaper raw material for the industry, and meet the obligations of international trade(Hindustan Times)
Farmers have toiled hard to produce bumper harvests. And yet, with each passing year, the plight of a farming family has only worsened. Agriculture in reality has been a victim of macro-economic policies which aim at keeping food inflation low, provide cheaper raw material for the industry, and meet the obligations of international trade(Hindustan Times)
Published on Jun 21, 2019 08:02 PM IST
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ByDevinder Sharma

13-year-old in his 37th letter urges PM Modi to reinstate his father in job

Since 2016, Sarthak has written 36 letters, the last one on Friday, not only detailing the problems his family is facing due to the job loss but also requesting Modi to reinstate his father, who was forced out of job from the UPSE.
Sarthak Tripathi, 13, on Friday wrote 37th letter to Prime Minister Narendra Modi, urging him to reinstate his father - Satyajit Vijay Tripathi - a former employee of the Uttar Pradesh Stock Exchange (UPSE).(AP)
Sarthak Tripathi, 13, on Friday wrote 37th letter to Prime Minister Narendra Modi, urging him to reinstate his father - Satyajit Vijay Tripathi - a former employee of the Uttar Pradesh Stock Exchange (UPSE).(AP)
Published on Jun 08, 2019 02:36 PM IST
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Kanpur (Uttar Pradesh) | ByAsian News International

US beer industry blames Trump tariffs for 40,000 job losses

Direct, indirect and induced jobs fell to 2.19 million in 2018 from 2.23 million in 2016
Total cases of beer, wine and spirits consumed in the U.S. dropped 0.8% in 2018, the third consecutive year of declined. (Photo by Parveen Kumar)(HT File photo)
Total cases of beer, wine and spirits consumed in the U.S. dropped 0.8% in 2018, the third consecutive year of declined. (Photo by Parveen Kumar)(HT File photo)
Updated on May 24, 2019 12:40 PM IST
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Bloomberg | ByJoe Deaux

Five million jobs lost between 2016-18, says report

Employment opportunities declined and five million men lost their jobs between 2016 and 2018, according to a report released by the city-based Azim Premji University.
Employment opportunities declined and five million men lost their jobs between 2016 and 2018, according to a report released by the city-based Azim Premji University.(Reuters/File)
Employment opportunities declined and five million men lost their jobs between 2016 and 2018, according to a report released by the city-based Azim Premji University.(Reuters/File)
Updated on Apr 17, 2019 07:32 PM IST
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PTI, Bengaluru | By

Re-skilling can help solve the employability problem

The threat of job loss is driving everyone from freshers and mid to VP level professionals to delve into an environment of continuous learning.
Re-skill is the current buzzword echoing off corporate walls as companies are driving large scale initiatives among the existing workforce to build a continuous learning culture.(AFP/File)
Re-skill is the current buzzword echoing off corporate walls as companies are driving large scale initiatives among the existing workforce to build a continuous learning culture.(AFP/File)
Published on Apr 03, 2019 07:32 PM IST
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ByMohan Lakhamraju

CII survey claims MSMEs created 14% more jobs in last years

Job creation by the micro, small and medium enterprises (MSMEs) sector saw a growth of 13.9 percent in the past four years, claims an industry survey.
The findings are contrary to the official and other industry data which show that there was massive job losses since the the note-bank and GST implementation in this very sector.(HT file photo)
The findings are contrary to the official and other industry data which show that there was massive job losses since the the note-bank and GST implementation in this very sector.(HT file photo)
Updated on Mar 08, 2019 05:50 PM IST
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Mumbai | ByPress Trust of India

Jet Airways may be grounded in 60 days as funds running out, airline tells staff: Report

Jet Airways has asked its pilots to take a 15% pay cut for two years, as the airline says it’s running out of time to slash costs and raise revenue, according to a source.
A Jet Airways flight from Mumbai to Dubai was landed in emergency at Muscat international airport following a bomb threat on Thursday.(HT File Photo)
A Jet Airways flight from Mumbai to Dubai was landed in emergency at Muscat international airport following a bomb threat on Thursday.(HT File Photo)
Updated on Aug 03, 2018 01:11 PM IST
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Reuters, New Delhi | ByReuters

Maharashtra plastic ban to cost 3 lakh jobs, loss of Rs 15,000 crore: Report

The plastic manufacturing industry said he job losses from the ban will impact Maharashtra’s GDP, and also increase banks’ bad loans from the plastic sector.
People carry containers at a fish market as Maharashtra government bans use of plastic bags, in Mumbai.(PTI Photo)
People carry containers at a fish market as Maharashtra government bans use of plastic bags, in Mumbai.(PTI Photo)
Updated on Jun 24, 2018 08:34 PM IST
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Press Trust of India | ByPress Trust of India

Staff unions hit social media with ‘Save Air India’ slogan against disinvestment plan

The 11 unions -- that represent more than 10,000 employees of Air India group -- are vehemently opposing the proposal to sell 76 per cent government stake in Air India
An Air India Airbus SAS 320 aircraft is displayed at the India Aviation 2010 conference in Hyderabad, India/(Bloomberg File Photo)
An Air India Airbus SAS 320 aircraft is displayed at the India Aviation 2010 conference in Hyderabad, India/(Bloomberg File Photo)
Updated on Apr 15, 2018 05:37 PM IST
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Press Trust of India, Mumbai | ByPress Trust of India

Trade deficit with China costs 2 million jobs to US: White House

US President Donald Trump on Thursday imposed tariffs on about $60 billion worth of Chinese imports to punish the country for its “unfair” seizure of American intellectual property.
Flags of the US and China are placed for a meeting between officials of the two countries in Beijing.(Reuters file)
Flags of the US and China are placed for a meeting between officials of the two countries in Beijing.(Reuters file)
Updated on Mar 23, 2018 08:23 PM IST
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Press Trust of India, Washington | ByPress Trust of India

Economic survey puts Pune on the downward spiral for MSME jobs

Deepak Karandikar, vice-president, Mahratta chamber of commerce, industries & agriculture (MCCIA) and former chairman of MCCAI’s sub-committee on MSM Es , attributed the reduction in employment to a slowdown in the industry.
The economic survey for 2017-18 shows employment in MSMEs in Pune region was at 7.23 lakh last year, as compared to 10.05 lakh in 2014-15. During the same period, the number of MSMEs operating in the region came down to 69,704 from 92,233 in 2014-15.(HT REPRESENTATIONAL)
The economic survey for 2017-18 shows employment in MSMEs in Pune region was at 7.23 lakh last year, as compared to 10.05 lakh in 2014-15. During the same period, the number of MSMEs operating in the region came down to 69,704 from 92,233 in 2014-15.(HT REPRESENTATIONAL)
Updated on Mar 10, 2018 03:51 PM IST
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Hindustan Times, Pune | By

Demonetisation 100 days: It’s time Modi govt said note ban was a mistake

On February 7, the PM spoke in Parliament on demonetisation. Given that this was the first time he spoke on the issue in the House, one expected the PM would support his claim with hard data and empirical evidence. Unfortunately, he didn’t. He didn’t because he can’t.
Prime Minister Narendra Modi speaks in Lok Sabha on February 7, 2017(PTI)
Prime Minister Narendra Modi speaks in Lok Sabha on February 7, 2017(PTI)
Updated on Jun 23, 2020 07:55 PM IST
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Hindustan Times | By
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