Page 9 - Job Cuts
After scorching start, Oyo looks to get its business basics right
The firm is said to be firing 2,400 employees, or 20 per cent of its workforce in India, mainly in sales and business development
 "After scorching start, Oyo looks to get its business basics right")
How inflation may make your fav snack a little more expensive
However, your soft drinks and juices will remain immune to the hike, despite the recent surge in sugar prices. Thanks to Coca-Cola and PepsiCo.
 "How inflation may make your fav snack a little more expensive")
Opel prepares to slash up to 4,100 jobs amid a car sales slowdown
The historic German carmaker, which Peugeot bought from US-based General Motors in 2017, has already slashed almost 7,000 jobs since the takeover
 "Opel prepares to slash up to 4,100 jobs amid a car sales slowdown")
How commodity price inflation is prompting FMCG firms to increase prices
The last of a two-part series looks at how commodity price inflation is prompting firms to increase prices
 "How commodity price inflation is prompting FMCG firms to increase prices")
Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months
It has let go of 5 per cent of its 12,000 employees in China partly due to non-performance
 "Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months")
Tata Steel Europe has no option, but to cut jobs to curtail costs: Analyst
Tata Steel Europe's current production capacity stands at 12.5 million tonne and it has 21,000 employees
 "Tata Steel Europe has no option, but to cut jobs to curtail costs: Analyst")
Tata Steel confirms 3,000 job cuts in Europe, 1,000 of those in UK
The job cuts had been announced by Tata Steel last week as part of a wider transformation programme
 "Tata Steel confirms 3,000 job cuts in Europe, 1,000 of those in UK")
Continental to slash 5,500 jobs globally by 2028 to save 500 million euros
The jobs cull would support Continental's "urgently needed technological transition and thus the strengthening of our competitiveness and future viability", CEO Elmar Degenhart said
 "Continental to slash 5,500 jobs globally by 2028 to save 500 million euros")
WeWork to begin US job cuts 'in earnest' this week to stabilise business
WeWork employees are accustomed to routine firings, unlike at the typical startup in growth mode.
 "WeWork to begin US job cuts 'in earnest' this week to stabilise business")
Tata Steel to cut 3,000 European jobs due to excess supply, high costs
The company says there will be no plant closures; the aim is to ensure long-term future
Auto slowdown: 286 dealers closed down in 18 months, 32,000 jobs impacted
The worst-hit is the passenger car segment. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi
 "Auto slowdown: 286 dealers closed down in 18 months, 32,000 jobs impacted")
Nissan plans to cut more than 10,000 jobs around the world: Report
The additional cuts come on top of the 4,800 jobs Nissan announced in May
Samsung India denies it has laid off 1,000 of its employees in India
The electronics giant has 20,000 employees in India and several under-performers and those not delivering targeted results in their teams were reported to have been asked to leave
 "Samsung India denies it has laid off 1,000 of its employees in India")
Despite robot fear, people confident of future job scenario: Survey
Study also found that workers in India were the most confident about their digital skills
 "Despite robot fear, people confident of future job scenario: Survey")
The future of employment
Traditional recruits and managers who haven't diversified their skill sets are in the firing range
From StanChart to AskMe: All major India job cuts in recent months
Amid uncertain economic climate, many companies have gone for wholesale layoffs in recent months
 "From StanChart to AskMe: All major India job cuts in recent months")
