Labor

Slowdown keeps attrition low as employees stick to jobs

The lingering slowdown has some upside as it has managed to keep attrition at low levels as employees are uncertain of changing their jobs.

Greece hits a new low: Unemployment rate now at 21.9%

Greece's unemployment shot up by 15.7% from last year and now stands at 21.9%. Young people have been the most affected by the job losses, with more than half - 52.8 percent - of those in the 15-24 age group out of work in March this year.

130,000 Italians may lose jobs this year

Employers in Italy will shed 130,000 jobs this year, a major Italian business group said.

Apple's new pledge could lead to wage hike in China

A pledge by the manufacturer of Apple's iPhones and iPads to limit work hours at its factories in China could force other global corporations to hike pay for Chinese workers who produce the world's consumer electronics, toys and other goods.

Need for critical study of regulatory framework: PM

The Prime Minister today said there was a need for a critical study of the existing regulatory framework to find out whether they impede development and growth of employment without really contributing to labour welfare.

Apple to hire 500 people in Ireland

Apple is to hire 500 people in Ireland in the latest boost to the indebted euro zone country's multinational sector, one of the few bright spots in a struggling economy.

Kingfisher staff withdraw deadline, say they trust Mallya

Kingfisher employees have reportedly agreed to call off a 8pm deadline for the payment of their long overdue salaries and have said that they believed Mallya's assurances that all pending salaries would be paid by 10 April.

Maruti's Manesar unit's union to put wage demand in 15 days

The newly-registerd workers' union at the country's largest car maker Maruti Suzuki India's Manesar facility will place its demands for wage revision within next 15 days.

Hiring to grow in small cities in first half of 2012: Survey

Manufacturing and engineering, retail, FMCG, banking and financial services and IT/ITeS are major sectors that would see maximum hiring from smaller cities.

Here comes the hard part: Greek workers on purge list

The plan creates a "labour reserve" allowing state workers to be placed on partial pay and be dismissed after a year.<br /><br /> <br /><br />