Coronavirus Job Cuts
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Singapore To Pay Would-Be Parents For Babies To Ease Virus Hit
Singapore is set to provide a one-off payment to support parents looking to have a baby in an effort to ease people's financial burden amid job layoffs and wage cuts during the coronavirus pandemic.
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Disney To Lay Off 28,000 US Employees Due To Coronavirus Pandemic
Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover.
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"Not Fair": US Airlines Approach White House For Bailout Funds Amid Pandemic
White House Chief of Staff Mark Meadows met with major airline chief executives on Thursday as the industry braces for thousands of job cuts in two weeks, and urged lawmakers to embrace a $1.5 trillion coronavirus aid package proposed by a bipartisan congressional group and endorsed by US President Donald Trump.
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"Maximum Privatisation": Rahul Gandhi On Centre's Job Freeze To Cut Costs
A day after sharing a list of "Modi-made disasters", including the highest unemployment rate in 45 years, Congress leader Rahul Gandhi continued his attack on the BJP-led central government today, raking up the issue of freeze on recruitment to government posts.
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Job Loss In Kerala Tourism Forces People To Work For Daily Wages
24-year-old Vineeth is a hotel management graduate from Kerala's Thiruvananthapuram. But with the hotel industry severely hit due to the coronavirus pandemic, he now earns a living as a daily wager by cutting trees. He lost his job at a hotel in Kerala's tourist town of Munnar earlier this year.
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UK New Car Sales Rise For First Time In 2020 As Dealerships Reopen
The rise followed other signs of a gradual recovery in Britain's economy after its historic 25 per cent contraction in March and April. House prices and manufacturing have risen although jobs cuts are mounting in the retail sector.
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Swiggy Lays Off 350 More Employees Due to Slower Than Expected Business Recovery
These 350 impacted Swiggy employees will continue to avail health insurance benefits till December and an extra month of ex-gratia will also be offered for every year with the organisation.
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Reopen Malls To Save 50 Lakh Jobs: Shopping Centres Body To Maharashtra
In a desperate attempt to save jobs of around 50 lakh people, the Shopping Centres Association Of India (SCAI) has written to Maharashtra Tourism Minister Aaditya Thackeray to reopen malls which have remained shut since March because of the coronavirus pandemic. COVID-19 has affected 3.47 lakh people and claimed 12,854 lives in the state till now -...
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Nissan Offers To Postpone Barcelona Plant Closures By Six Months
Nissan Motor Co. is willing to postpone until June 2021 the closure of its three Barcelona plants, which had originally been due to close by December 2020, but only if workers resume production, a top executive said on Tuesday.
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Professional Social Network LinkedIn To Slash 960 Jobs Amid Sales Slump
Professional social network LinkedIn said Tuesday it was cutting 960 jobs, or six percent of its workforce, as the global pandemic has hit demand for its paid recruitment services.
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LinkedIn Cuts 960 Jobs as Pandemic Puts the Brakes on Corporate Hiring
LinkedIn said that it would cut 960 jobs, comprising six percent of its global workforce. Chief Executive Ryan Roslansky said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees, and will hire for newly-created roles from laid-off staff.
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Volkswagen Brand Freezes New Hiring Until End 2020
Volkswagen has stopped hiring new staff at its core brand until year end, VW's brand's chief said on Wednesday. Despite a slight recovery in demand, car sales remain below levels seen before the coronavirus crisis, Ralf Brandstaetter said in an interview published in an internal VW newsletter, which was seen by Reuters.
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Daimler Talks With Workers Heat Up, With 15,000 Jobs At Risk
Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become "rougher", after a board member said over the weekend that more than 15,000 jobs were at risk.
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Emirates Layoffs May Rise To 9,000, Cites Coronavirus Pandemic: Report
Emirates airline has cut a tenth of its workforce during the novel coronavirus pandemic in layoffs that could rise to 15 percent, or 9,000 jobs, its president said, according to a report on Saturday.
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Air France And Hop! To Cut 7,580 Jobs By 2022 Amid COVID-19 Crisis
Air France management said Friday it planned to eliminate 7,580 jobs at the airline and its regional unit Hop! by the end of 2022 because of the coronavirus crisis.
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Singapore To Pay Would-Be Parents For Babies To Ease Virus Hit
Singapore is set to provide a one-off payment to support parents looking to have a baby in an effort to ease people's financial burden amid job layoffs and wage cuts during the coronavirus pandemic.
-
Disney To Lay Off 28,000 US Employees Due To Coronavirus Pandemic
Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover.
-
"Not Fair": US Airlines Approach White House For Bailout Funds Amid Pandemic
White House Chief of Staff Mark Meadows met with major airline chief executives on Thursday as the industry braces for thousands of job cuts in two weeks, and urged lawmakers to embrace a $1.5 trillion coronavirus aid package proposed by a bipartisan congressional group and endorsed by US President Donald Trump.
-
"Maximum Privatisation": Rahul Gandhi On Centre's Job Freeze To Cut Costs
A day after sharing a list of "Modi-made disasters", including the highest unemployment rate in 45 years, Congress leader Rahul Gandhi continued his attack on the BJP-led central government today, raking up the issue of freeze on recruitment to government posts.
-
Job Loss In Kerala Tourism Forces People To Work For Daily Wages
24-year-old Vineeth is a hotel management graduate from Kerala's Thiruvananthapuram. But with the hotel industry severely hit due to the coronavirus pandemic, he now earns a living as a daily wager by cutting trees. He lost his job at a hotel in Kerala's tourist town of Munnar earlier this year.
-
UK New Car Sales Rise For First Time In 2020 As Dealerships Reopen
The rise followed other signs of a gradual recovery in Britain's economy after its historic 25 per cent contraction in March and April. House prices and manufacturing have risen although jobs cuts are mounting in the retail sector.
-
Swiggy Lays Off 350 More Employees Due to Slower Than Expected Business Recovery
These 350 impacted Swiggy employees will continue to avail health insurance benefits till December and an extra month of ex-gratia will also be offered for every year with the organisation.
-
Reopen Malls To Save 50 Lakh Jobs: Shopping Centres Body To Maharashtra
In a desperate attempt to save jobs of around 50 lakh people, the Shopping Centres Association Of India (SCAI) has written to Maharashtra Tourism Minister Aaditya Thackeray to reopen malls which have remained shut since March because of the coronavirus pandemic. COVID-19 has affected 3.47 lakh people and claimed 12,854 lives in the state till now -...
-
Nissan Offers To Postpone Barcelona Plant Closures By Six Months
Nissan Motor Co. is willing to postpone until June 2021 the closure of its three Barcelona plants, which had originally been due to close by December 2020, but only if workers resume production, a top executive said on Tuesday.
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Professional Social Network LinkedIn To Slash 960 Jobs Amid Sales Slump
Professional social network LinkedIn said Tuesday it was cutting 960 jobs, or six percent of its workforce, as the global pandemic has hit demand for its paid recruitment services.
-
LinkedIn Cuts 960 Jobs as Pandemic Puts the Brakes on Corporate Hiring
LinkedIn said that it would cut 960 jobs, comprising six percent of its global workforce. Chief Executive Ryan Roslansky said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees, and will hire for newly-created roles from laid-off staff.
-
Volkswagen Brand Freezes New Hiring Until End 2020
Volkswagen has stopped hiring new staff at its core brand until year end, VW's brand's chief said on Wednesday. Despite a slight recovery in demand, car sales remain below levels seen before the coronavirus crisis, Ralf Brandstaetter said in an interview published in an internal VW newsletter, which was seen by Reuters.
-
Daimler Talks With Workers Heat Up, With 15,000 Jobs At Risk
Labour representatives at German carmaker Daimler said on Monday that discussions with management over cost cuts had become "rougher", after a board member said over the weekend that more than 15,000 jobs were at risk.
-
Emirates Layoffs May Rise To 9,000, Cites Coronavirus Pandemic: Report
Emirates airline has cut a tenth of its workforce during the novel coronavirus pandemic in layoffs that could rise to 15 percent, or 9,000 jobs, its president said, according to a report on Saturday.
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Air France And Hop! To Cut 7,580 Jobs By 2022 Amid COVID-19 Crisis
Air France management said Friday it planned to eliminate 7,580 jobs at the airline and its regional unit Hop! by the end of 2022 because of the coronavirus crisis.
