General Motors plans to cut around 10,000 jobs at its European division Opel, GM vice president John Smith said on Wednesday after the US auto giant announced that it would retain control of the unit. GM wants to slash costs by 30 percent at Opel, a European unit that employs 55,000 people, Smith told European [...]
Archive for the ‘All News In This Section’ Category
4 Nov
Microsoft layoffs 5800 employees this year. 800 more job cuts than planned earlier.
Microsoft Corp said on Wednesday it is cutting a further 800 jobs across its operations, on top of 5,000 jobs already eliminated under a plan to reduce costs that was announced in January. A spokesman for the world’s largest software firm said the latest job cuts are spread across the company’s global operations, but about [...]
3 Nov
Mergers in pharmaceutical industry kicks off series of layoffs. Johnson & Johnson, Pfizer, Wyeth, Schering-Plough and Merck & Co announced more job cuts.
Johnson & Johnson said it would eliminate as many as 8,200 jobs, or 7% of its work force, to help the company cope with what it expects will be a slow economic recovery amid damped demand for drugs, medical devices and consumer products. J&J said the planned restructuring will eliminate 7,000 to 8,000 jobs and [...]
3 Nov
RBS plans to cut 3,700 more UK jobs
Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail business as another radical shake-up loomed for Britain’s banks. European competition authorities are set to force RBS to sell its insurance arm and over 300 branches, and shrink investment banking operations, [...]
3 Nov
HSBC plans to cut 1,700 more UK jobs
Europe’s biggest bank HSBC Holdings is cutting over 1,700 jobs in Britain, adding to thousands of cuts across the industry in the last year as pressure builds to reduce costs. HSBC said 1,726 jobs are being cut, mostly due to a restructuring of branch network management and a consolidation of its collections and cards operations. [...]
3 Nov
Capgemini is planning to hire 3000 in Bangalore in near future.
Capgemini is planning to add upto 3000 staff in India with the opening of a new business information centre in Bangalore. The Bangalore centre will take the company’s India headcount beyond 21,000, an increase from its employee strength of 20,000 in home country France. According to the company, the new centre in Bangalore would start [...]
1 Nov
Nokia is planning to close N-Gage, the gaming service it provides
Nokia will close its battered gaming service N-Gage next year, acknowledging failure in its first major services offering. The handset maker’s mobile gaming push has encountered major challenges over the years, with consumers first shunning its dedicated gaming phones. The online gaming service, opened last year, never moved beyond a niche audience. Nokia [...]
28 Oct
Many new jobs coming up in Indian BPO sector. Infosys, Tech Mahindra and Aditya Birla Minacs aggressively opening new BPO units in Kolkata, Chandigarh and Andhra Pradesh.
India based BPO Companies have become very aggressive in recent times and expanding their operations all over the country. Infosys, Tech Mahindra and Aditya Birla Minacs have opened new units and creating many jobs in BPO/KPO sector. Infosys BPO Limited, a subsidiary of IT major Infosys, signed an agreement with the Andhra Pradesh government to [...]
23 Oct
Time to work for free in IT companies. No pay for 5000 employees of Mahindra Satyam for 3 months. Take it or leave it.
Mahindra Satyam announced that it will not pay salaries to employees in the virtual pool after December 18. The employees under this virtual pool program (VPP) will, however, have the option to stay on the company’s rolls without pay till March 2010. In a recent email to the associates, the Satyam management stated, “We continue [...]
22 Oct
Mahindra Satyam (formerly Satyam) plans to layoff 5,000 employees on bench.
Post Diwali weekend, many Satyam’s employees on the Virtual Pool Program (VPP) of the company were given a formal notice of two months by e-mail. Virtual Pool Program (VPP) were for people in bench. The mail reads, “In our earlier communication dated June 11, 2009, you were placed on VPP for a period of six [...]
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