Finnish telecom equipment maker Nokia is reportedly planning to lay off about 1,233 jobs at its French subsidiary Alcatel-Lucent International. The move is expected to affect a third of the company’s workforce. The recent announcement from the 5G equipment maker comes in the wake of Europe’s transitioning to the 5G networks for mobile internet. The…
The automobile industry has been facing several issues in the smooth running of businesses due to the coronavirus impact. While many car companies have resumed manufacturing and business operations at factories and offices around the world, the past few months have been tough on the books for the entire industry. Luxury automobile manufacturers on the…
European plane manufacturer Airbus recently announced that it is extending furlough programs for 5,300 of its employees in Spain and the UK in its latest attempt to cope with the impact of the coronavirus pandemic. “This will be effective from 20th May till 30th September and affects all Airbus Operations SL employees in Spain (with…
Just weeks after announcing massive job cuts across the global, British Petroleum has said that it will hire about 2,000 employees for its upcoming global business service center in Pune. Earlier the company had said that it will lay off 10,000 employees from its global workforce. Announcing the development, the oil giant said that the…
Automobile manufacturer Ford Motor Company recently said that it is extending its ‘work-from-home’ arrangement for its salaried employees based in the United States for the rest of the year. The decision by the Ford management is taken after multiple requests by employees to keep working remotely amid the ongoing coronavirus pandemic. In an official statement,…
Amidst an unemployment crisis across the nation, online fashion store Myntra announced that it has hired about 5,000 employees for its supply chain and customer care department. The recent hiring at the ecommerce company is done to support its 12th edition of “End of Reason Sale”. It is also worth noting that this will be…
Toyota Kirloskar Motor India Ltd recently notified that two of its employees at the Bidadi manufacturing plant near Bengaluru, have tested positive for COVID-19. The company said that due to health and safety concerns of other employees, it has temporarily suspended operations at the plant. The automaker said in a statement that the two employees…
Amidst an unemployment crisis across the world, Subway Restaurants recently announced that its local Franchise Owners seek to hire approximately 50,000 jobs in North American restaurants. The recent development at Subway further deepens the brand’s community connections as its restaurants can be found in almost every community across the U.S. and Canada, and directly addresses…
London-based multinational investment bank HSBC recently said it is resuming plans to cut around 35,000 jobs which it put on hold after the coronavirus outbreak. The company has also said that It will also maintain a freeze on almost all external hiring. The decision was announced by Chief Executive Noel Quinn said in a memo…
Luxury hotel chain Hilton Worldwide recently said that it would reduce its corporate workforce by 22% due to the impact of the coronavirus pandemic on the hospitality industry. The move is expected to impact about 2,100 employees globally. The hospitality industry has been amongst the worst affected due to the coronavirus pandemic and subsequent lockdowns.…
Sweedish automobile manufacturer, AB Volvo recently said it plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020 due to the effects of the COVID-19 pandemic. The recent development at Volvo follows a similar measure taken by fellow truck maker Scania to reduce jobs due to the coronavirus pandemic.…
Singapore-based ride-hailing company, Grab recently announced that it will be laying off 360 employees or about 5% of its workforce. The decision was announced by company Co-founder and CEO Anthony Tan in an internal letter to employees. However, putting speculations about more layoffs aside, a company spokesperson said that the company will not shut down…
HCL Technologies, a leading global technology company, announced the commencement of its operations in Sri Lanka. Marking its presence in the region, HCL plans to create over 1,500 new local employment opportunities for both freshers and experienced professionals, within the first eighteen months of kick-starting its operations from its office in Colombo. A key part…
Chinese internet giant and TikTok parent company, ByteDance recently said that it plans to discontinue two of its social media platforms Vigo Video and Vigo Lite in India. The company has reportedly asked its users from its biggest overseas market to move to TikTok. In its message to users on Vigo apps today, ByteDance said…
Indian automobile company and owner of Jaguar Land Rover, Tata Motors is reportedly planning to cut 1,100 temporary jobs as it moves ahead with cost-cutting measures as the coronavirus pandemic hits at the company’s revenues. Tata Motor’s Chief Financial Officer PB Balaji recently said that Tata Motors expects to save 5 billion pounds in costs…