Job Losses

50 Lakh Lost Jobs Over 2 Years, Trend Began Just After Notes Ban: Report

India News | Edited by Deepshikha Ghosh | Thursday April 18, 2019

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

Ford Plans To Cut 1,150 Jobs In Britain, Unite Union Says

Reuters | Saturday January 12, 2019

U.S. carmaker Ford plans to cut 1,150 jobs in Britain, the Unite union said on Friday, with nearly 1,000 job losses at its Bridgend engine plant in Wales.

No Job Losses Due To Merger Of State-Owned Banks: Arun Jaitley

Business | Press Trust of India | Friday January 4, 2019

Earlier this week, the Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda.

1.13 Lakh ATMs May Shut Down By 2019: Report

Business | NDTV Profit Team | Wednesday November 21, 2018

ATM shutdown in India: Closure of ATMs may result in considerable job losses that would be detrimental to financial services in the economy as a whole, said CATMi, a registered non-profit trade association.

Fourth Industrial Revolution To Change Nature Of Jobs: PM Modi

India News | Press Trust of India | Thursday October 11, 2018

Prime Minister Narendra Modi Thursday allayed fears of job loss due to technological development, saying the '4th Industrial Revolution' will change the nature of jobs and provide more opportunities.

New Government Scheme Okayed To Provide Cash During Job Loss

Business | Indo-Asian News Service | Wednesday September 19, 2018

"This scheme is a relief payable in cash directly to their (employees) bank account in case of unemployment and while they search for new engagement," said the Ministry of Labour and Employment.

P Chidambaram Slams Centre Over RBI Report On Demonetisation

India News | Press Trust of India | Wednesday August 29, 2018

Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.

Knitwear Hub Of India Faces Crisis Due To Fall In Exports, Job Losses

Tamil Nadu News | Written by J Sam Daniel Stalin | Sunday July 1, 2018

The knitwear capital of India, Tirupur, is facing a crisis with a decline in exports and job losses. Five lakh small and micro industries have been shut down in Tamil Nadu. The city's exports have dwindled from Rs 26,000 crore to Rs 24,000 crore. Apparel exports were already struggling against low-priced goods from China, Vietnam, Bangladesh, Sri L...

Maharashtra Plastic Ban To Cost 3 Lakh Jobs, Loss Of 15,000 Crore: Report

India News | Press Trust of India | Sunday June 24, 2018

The state-wide plastic ban, including carry-bags and thermocol by the Devendra Fadanvis government, will result in loss of up to Rs 15,000 crore and nearly 3 lakh job, says the plastic manufacturing industry.

At 32%, Rate Of Job Offer Decline Is The Maximum In This Sector: Report

Business | Indo-Asian News Service | Tuesday May 22, 2018

In terms of job offer declines, the IT sector is followed by the offshoring sector at nearly 30%.

Now, Air India Staff Unions Hit Social Media Against Disinvestment Plan

India News | Press Trust of India | Sunday April 15, 2018

Worried over possible job losses post disinvestment, as many as 11 Air India unions representing more than 10,000 employees have taken to Twitter, YouTube, Instagram and Facebook to protest against the stake sale plan.

Trade Deficit With China Costs 2 Million Jobs To US: White House

World News | Press Trust of India | Friday March 23, 2018

America's massive trade deficit with China is estimated to have resulted in about two million job losses in the US, the White House has said, defending President Donald Trump's decision to initiate strong actions against China's "unfair" trade practices.

Automation Is About Upscaling Business, Not Job Cuts, Says TCS Executive

Business | Press Trust of India | Tuesday January 30, 2018

Fears of job losses in the IT industry are highly exaggerated, a top TCS executive said.

Davos Paper Attacks Donald Trump's Views On Trade

Business | Thomson Reuters | Thursday January 18, 2018

The Davos paper said Trump's administration believed "unfair" trade had led to large trade deficits and job losses, but policies based on such thinking could end up harming the people they aimed to help.

PM Modi Faces Deepening Discontent Over India's Slowdown

India News | Vrishti Beniwal, Bibhudatta Pradhan, Bloomberg | Thursday October 12, 2017

For the first time in his three-and-a-half year rule, Prime Minister Narendra Modi is facing sustained discontent over his economic policies as growth slows, job losses mount and distressed farmers protest.