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 ‘Others’ Category
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
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 [...]
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 [...]
18 Oct
HCL Info corners $114 mn Rajasthan govt deal for power distribution. TCS bags the similar project from MP and West Bengal govt.
IT hardware firm HCL Infosystems has been awarded a Rs 529 crore ($114 million) IT project for Rajasthan’s power distribution utilities, a top official of the utilities said. The project involves applying technology to identify power losses across all cities and villages of Rajasthan and has to be completed in 18 months, he said. A [...]
15 Oct
UBS sells its Indian captive unit in Hyderabaad to Cognizant Technology Solutions (CTS)
UBS handed over its only IT captive unit in Hyderabaad, India to Cognizant Technology Solutions (CTS) and transferred 2000 plus employees as part of the deal. IT services provider Cognizant Technology Solutions Corp agreed to acquire UBS India Service Centre Private Ltd for about $75 million to strengthen its position in financial services, one of its [...]
1 Oct
Gartner predicts death of 25% of the BPO/KPO firms worldwide in 3 years.
At least one-quarter of the top business process outsourcing (BPO) firms worldwide will not exist as separate entities by 2012, according to IT market research firm Gartner. Predicting a market exit for a number of players, Gartner said acquisitions and the ascent of new vendors will rearrange the BPO provider landscape in the coming years. [...]
30 Sep
MindTree buys Kyocera Wireless India
MindTree Ltd said on Tuesday it agreed to buy Bangalore-based Kyocera Wireless India Pvt Ltd and make an upfront payment of $6 million, while further payments will be linked to revenue in FY11 and FY12. The IT firm expects the acquisition to contribute about $9 million in revenues for the period Oct 2009 to March [...]
30 Sep
US tech industry lost 115K jobs in H1 and 224K jobs in one full year. Phew.
According to a study by TechAmerica Foundation, US technology industry cut 115,000 jobs in the first half of 2009, compared to the 72,900 tech jobs added in the same period in 2008. However, in the US too, the tech sector seems better than other industry verticals. While between June 2008 to June 2009, tech lost [...]
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