India’s once household bicycle brand, Atlas Cycles recently announced that it has laid off about 700 employees as the company closes its last manufacturing unit in Delhi-NCR due to the lack of capital to run operations. However, company Chief Executive Officer NP Singh Rana claimed that the shutdown is temporary and the operations will be…
The novel coronavirus outbreak has put brakes on the global economy. The once highly interconnected world has now imposed travel bans and countries have gone into a lockdown. Businesses are closed and employees are now asked to work from home. But the remote working concept is only limited to certain kinds of jobs. The manufacturing…
As India witnesses, a spike in coronavirus positive cases, organizations around the country have started increasing their precautionary measures to safeguard their employees during the time of a pandemic. The novel coronavirus, which originated in the Wuhan City of China is now spreading really fast in the state of Maharashtra. Responding to the increasing tensions…
Hero MotoCorp, the world and India’s largest two-wheeler company, recently announced that it is temporarily shutting down all its manufacturing facilities globally with immediate effect. The recent closure of the manufacturing is a result of the ongoing coronavirus pandemic. The company announced the closure through an official BSE filing, which read, “With the safety and…
The novel coronavirus outbreak, which began from Chinese city Wuhan in December, has now infected more than 67,000 people and killed over 1,500 in China alone. With the World Health Organization declaring it a Public Health Emergency of International Concern, the virus has shut forced the Chinese economy on its knees with many analysts failing…