Labor laws are the only aspect of Indian economy that hasn’t seen any fundamental change ever since the country gained independence…Considering the economic challenges posed by the pandemic to the economies worldwide, the reforms have been well timed and can help the country sail through these uncertain times.
Tag: economic slowdown
Workforce confidence on rise amidst a battered economy: Some insights for employers
by •
The Coronavirus has brought on us a crisis of magnitude comparable to the Great Depression of the 1930s… How will businesses navigate this economic crisis?
Coronavirus becomes a pain in Amazon’s neck
by •
Last year came down very hard on businesses due to the global economic slowdown which impacted millions of jobs and closure of several organizations. When the new year began, corporations were hopeful of a steady recovery. But we’re just 61 days in 2020, and the novel Coronavirus outbreak in China has crippled the entire economic…
Vikram Solar lays off 320 employees at West Bengal factory
by •
Leading solar rooftop solutions provider Vikram Solar has reportedly decided to lay off 320 employees from one of its manufacturing facilities at Falta in the state of West Bengal. The recent layoffs come just ten days after industry veteran Saibaba Vutukuri took charge as the Chief Executive Officer. Through the means of a media statement,…
JPMorgan to cut hundreds of jobs across consumer unit
by •
JPMorgan Chase & Co. is planning to dismiss hundreds of employees from its consumer unit in an attempt to rein in costs. According to a Livemint report citing unidentified sources, the bank plans to notify the affected employees on February 6 and the job loss will be scattered across divisions. JP’s consumer unit houses deposits,…