Coronaviruses are a large family of viruses that are known to cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).
A novel coronavirus (COVID-19) was identified in 2019 in Wuhan, China. This is a new coronavirus that has not been previously identified in humans.
Source: Who.int
The posts in this section are related to the news and updates on corporate action, employer actions, and related developments in the economy due to the epidemic.
TCI Express releases a press statement stating its business outlook and impact due to Coronavirus (COVID-19) pandemic in India TCI Express Ltd. is closely monitoring the Coronavirus situation as the Government of India continues to take various precautionary measures to contain the outspread. Our top priority at this moment is the safety and well-being of…
Bengaluru-based scooter rental startup Bounce has recently laid around 20% of its workforce in as a cost-cutting measure, as an Entrackr report. Most of these lays are from mid and senior-level with high salary packages. According to the report, the company has decided to let go of about 120 employees primarily from an internal project…
The novel coronavirus outbreak, which originated in the Wuhan City of China, has now become a global headache. So far, the pandemic has claimed more than 8,900 lives and infected more than 200,000 people in 160 countries. But it’s not just individuals who are infected with the virus, businesses have been facing tremendous losses. The…
After one of its employees tested positive for the novel coronavirus, IT major HCL Technologies have assured its other employees about their safety. According to a report by MoneyControl, the Noida-based company issued a circular to its employees informing about the happenings inside the company. As per the circular, which was accessed by MoneyControl, the…
Vohra Wound Physicians announced increased access to its longstanding telemedicine program in response to the CDC’s efforts to slow the spread of coronavirus (COVID-19) and Medicare’s move to waive restrictions on telemedicine provisions. At a time when older adults are vulnerable to the virus and access to care is limited due to the CDC’s COVID-19…
Calendly, the global leader in meeting scheduling software, is offering free integrations with Zoom and GoToMeeting through June 30th to help remote workers endure the public health crisis. Calendly will also be providing free premium plan access to researchers and teams helping to solve the COVID-19 crisis. As many meetings are being moved, scheduled, and…
Coronavirus is impacting the world economy at a much faster pace than imagined, forcing businesses to shut down, layoffs, forcing employees to take leave without pay and the so-called lucky ones are given work from home. In order to contain the spread of coronavirus, the government of India is adopting measures to promote social distancing.…
HR Acuity, the only technology platform specifically built for employee relations and investigations management, announced that it would provide a free version of its SaaS solution to help businesses manage employee issues related to the Coronavirus (COVID-19) outbreak. The limited edition provides employee documentation and tracking functionality that will equip businesses to monitor the people…
A4A President and CEO Nicholas E. Calio issued the following statement: We commend President Trump’s unwavering commitment to protecting the health and well-being of the American people and appreciate his efforts to support the U.S. airline industry. The President, Vice President, Secretary Mnuchin and Secretary Chao have expressed a deep understanding of the devastating economic…
General Motors Co. confirmed it will begin a systematic orderly suspension of manufacturing operations in North America due to market conditions, to deep clean facilities and continue to protect people. The suspension will last until at least March 30. Production status will be reevaluated week-to-week after that. “GM and the UAW have always put the…
The entire world has been impacted immensely due to the coronavirus pandemic, resulting in layoffs, leave without pay and witnessing the largest experiment of work from home in the world. Amid rising concerns for its employees, now the US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to…
The Ramco Innovation Lab in Singapore unveiled an advanced facial recognition based Time & Attendance System -RamcoGEEK, embedded with Temperature recording and IoT sensor doors to enable organizations move towards a ‘Touch -less’ attendance and workplace access, in the wake of the COVID-19 outbreak. COVID-19 has brought the focus back on ‘Hygiene’. With the Virus…
GoAir, India’s low fare carrier, turns the first airline in the country to ask its employees to go on rotational leave without pay amid massive disruptions caused in the aviation industry due to coronavirus. “The sharp decline in air travel that we are currently experiencing is unprecedented,” the airline said. GoAir has started a “rotational…
The District Magistrate, Gurugram has issued an advisory to all offices located in Gurugram district to allow their employees to work from home till 31st March 2020. As per the advisory issued by DM, Gurugram: “In compliance of “The Haryana Epidemic Disease, Covid-19 Regulations 2020 dated 11.03.2020″ notified under Epidemic Disease Act, 1897, all MNC,…
Revising a forecast published March 12, UCLA Anderson Forecast economists say the U.S. economy has entered a recession, ending the expansion that began in July 2009. The revised forecast, which incorporates data reflecting a rapidly changing U.S. economy, together with a review of the 1957–58 H2N2 influenza pandemic, is for the recession to continue through…