Job Losses

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Job Losses - Total results - 57
China's May factory activity grew at slower pace, but momentum in services, construction sectors quicken
Business

China's May factory activity grew at slower pace, but momentum in services, construction sectors quicken

While most businesses in China have reopened, many manufacturers are struggling with reduced or cancelled overseas orders as lockdowns push the global economy into recession

US businesses hammered by COVID-19 pandemic but some feel worst of crisis behind them: Fed survey
Business

US businesses hammered by COVID-19 pandemic but some feel worst of crisis behind them: Fed survey

The Fed’s survey, known as the “Beige Book,” was conducted in April, when non-essential businesses were shut down in much of the country, through 18 May, when some states had started to loosen restrictions.

WTO: India pushes for building broadband infra, digital skills in LDCs, developing countries; questions rich nations on e-commerce norms
Business

WTO: India pushes for building broadband infra, digital skills in LDCs, developing countries; questions rich nations on e-commerce norms

In a special virtual meeting of the WTO's General Council on COVID-19 trade-related measures last week, India stated that there is a digital divide between developed and developing countries.

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE
Business

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE

Over 27 million youngsters in their 20s lost their jobs in April. This has serious long-term repercussion, the CMIE report said.

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers
Business

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Wall Street rallies as some US states relax lockdown restrictions; all major indexes claw back, gain over 1%
Business

Wall Street rallies as some US states relax lockdown restrictions; all major indexes claw back, gain over 1%

The indexes are all now within 20 percent of their record closing highs reached in February, with the benchmark S&P 500 on track for its best month since 1987, after trillions of stimulus dollars helped US equities recover from March lows.

Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage
Business

Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage

Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.

Coronavirus Outbreak: Govt plans to resume limited manufacturing operations after 15 April, says report
Business

Coronavirus Outbreak: Govt plans to resume limited manufacturing operations after 15 April, says report

The source said the government was considering allowing the resumption of some manufacturing operations under guidelines that were being drawn up.

Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body
Business

Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body

About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters' body FIEO said on Friday

Stock Market Today Latest Updates: Market at 3-week high as Sensex soars over 1,200 points, Nifty above 9,100; M&M zooms nearly 17%
Business

Stock Market Today Latest Updates: Market at 3-week high as Sensex soars over 1,200 points, Nifty above 9,100; M&M zooms nearly 17%

Stock Market Today LIVE Updates: Bourses erase early gains; Sensex slips 250 points, Nifty below 9,000-mark; bank stocks in green

Coronavirus Outbreak: Airline ticket refunds row escalates as sector stares at huge job losses
Business

Coronavirus Outbreak: Airline ticket refunds row escalates as sector stares at huge job losses

Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to passengers as cash runs out

Global job losses could exceed 25 mn, much more than estimated by UN days ago; US jobless claims surge to record levels
Business

Global job losses could exceed 25 mn, much more than estimated by UN days ago; US jobless claims surge to record levels

The International Labour Organization, a UN agency, had estimated a week ago that, based on different scenarios for the impact of the pandemic on growth, the global ranks of the jobless would rise by between 5.3 million and 24.7 million.

Tata Steel Europe to cut 1,250 jobs in turnaround push; need to urgently improve profitability, says CEO
Business

Tata Steel Europe to cut 1,250 jobs in turnaround push; need to urgently improve profitability, says CEO

Besides the job cuts, which would be less than half of what the company had announced last year, Tata Steel said it will not replace employees who have retired or left the company

Budget 2020: Govt likely to restore 2% additional duty incentive on mobile phones export; notification may be issued soon
Business

Budget 2020: Govt likely to restore 2% additional duty incentive on mobile phones export; notification may be issued soon

The India Cellular and Electronics Association (ICEA) had written to the government expressing disappointment on the reduction of the incentive, saying it will lead to massive job losses.

Auto, real estate firms made a killing during boom time; it’s time now for them to think beyond profits, cut prices
Business

Auto, real estate firms made a killing during boom time; it’s time now for them to think beyond profits, cut prices

Automakers also need to introspect on the quality of the product they offer to the Indian audience vis-à-vis customers in other advanced markets.

'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark
India

'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark

Meanwhile, the Sitharaman's statement holding millennials responsible for the slowdown in auto sector didn't go down well with netizens. The remark triggered a whirlpool of reactions on Twitter, with Indians mocking the "millennial blaming" ideology.

Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?
Business

Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?

Even if app-based car renting services are picking up to the scale of upsetting the car sales market, as Sitharaman claims, that doesn’t justify such a sharp decline.

Auto sector crisis: Kiran Mazumdar Shaw seeks measures to save jobs; says need to boost consumer sentiments
Business

Auto sector crisis: Kiran Mazumdar Shaw seeks measures to save jobs; says need to boost consumer sentiments

Biocon Chairperson and Managing Director Kiran Mazumdar Shaw on Monday said measures are required to save jobs in the automotive sector which represents 50 percent of the manufacturing sector jobs in the country

Economic slowdown impact: Top realty player Lodha Group lays off 400 people amid rising debt, falling sales
Business

Economic slowdown impact: Top realty player Lodha Group lays off 400 people amid rising debt, falling sales

Lodha currently has nearly 42 under-construction residential projects, including The World Towers and Lodha Park, comprising several high rises in central Mumbai, as well as affordable housing project.

State of Economy: Put aside vendetta politics, reach out to sane voices to steer economy out of 'man-made crisis', says Manmohan Singh
Business

State of Economy: Put aside vendetta politics, reach out to sane voices to steer economy out of 'man-made crisis', says Manmohan Singh

Manmohan Singh said “all-round mismanagement” by the Narendra Modi government was responsible for the slowdown.