Page 3 - Job Loss

RBI-appointed Srei administrator assures job security to employees

Group to restart business soon; to focus on recovery

How urban job guarantee schemes can provide equal opportunity to women

Three states launched urban employment guarantee schemes to tackle the pandemic-induced job losses that affected women more than men during the first wave

Depict real picture of job loss: Parliamentary panel to Labour Ministry

A Parliamentary panel has asked the Ministry of Labour and Employment to use and reconcile the data and studies conducted by credible agencies for depicting real picture of job loss in the country

Global hunger to rise in 2021 due to income losses from Covid-19 pandemic

291 million people won't have enough to eat in 2021, according to the US Department of Agriculture.

Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt

Tourism economy fell by nearly 43 per cent and an estimated 14.5 million jobs were lost in the first quarter of 2020-21, according to details provided by the government in Parliament

Over 70% Gen Z job applications rejected in second wave: LinkedIn study

72 per cent students say internship opportunities were reduced, 90 per cent of applicants were demotivated in the second wave, according to a study.

Limited menstrual pads, food: How poorer Indian women suffered in pandemic

Women are also taking longer to re-enter the workforce after the first wave of the Covid-19 pandemic last year, the study found.

38% Australians who lost jobs during pandemic were younger than 25: Study

More than one-third or 38 per cent of Australians who lost their jobs during the early days of the coronavirus pandemic were younger than 25, a government study has found.

Best of BS Opinion: Course correction on vaccine, climate of treason & more

Here are the best of Business Standard's opinion pieces for Tuesday

Manufacturing PMI slips to 50.8 in May, marking steepest fall in 10 months

Job loss accelerated as Covid-19 'crisis intensifies' in sector, says private survey

7.35 million job losses in April due to coronavirus second wave: CMIE

As the severe second wave of Covid-19 and the resultant lockdowns bring economic activities to a halt, India's job scenario worsened in April 2021.

What you should do to soften the blow of second Covid wave on your finances

This is a time to focus not on maximising upside gains but curtailing downside risks

US retail sales post largest gain in 10 months; weekly jobless claims fall

Retail sales rebounded 9.8% last month, the largest increase since May 2020, the Commerce Department said

Avail of tax relief on terminal compensation: Here's how to file Form 10E

You must have completed 3 years of continuous service and have another 3 years of employment left

Delhi night curfew: Shops being closed at 8 pm, employees fear job loss

With the first night curfew of the year being imposed in the national capital, the shops at various places here are being closed at 8 pm while the workers are fearing job loss

Car buyers in India moving up value chain despite salary cuts, job losses

Maruti Suzuki India (MSIL), the market leader, has seen the contribution of mid- and top-end variants as the percentage of a model's sales mix goes up

Top headlines: AstraZeneca says vaccine safe, bank strike hits services

Business Standard brings you top news of the day

M&M says 'no widespread layoffs', only 48 employees left in last 12 months

Mahindra & Mahindra on Wednesday said it has let go 48 employees in the last one year due to redundancies while another 98 have been given six months to find a role. Refuting reports that the company has fired 300 executives in its automotive and farm equipment sectors, M&M in a regulatory filing said during the pandemic it has taken "series of actions consistent with our core values and strong focus on associates. There were minimal separations...and no widespread layoffs". "Over the last 12 months, we have let go 48 associates due to redundancies. In addition, 98 associates have been given six months to find a role. The combined total (across all levels) is 1.3 per cent of white-collar associates within auto and farm sectors," the company said. M&M also asserted there are no plans for layoffs at Mahindra Research Valley and on the contrary, it said, "...we continue to recruit talent, which will further accelerate as we ramp up our EV (electric vehicle) strategy." As far .

83% Indians trust robots more than humans to manage their finances

In India, 106 per cent of business leaders saw an increase in financial anxiety and stress, and their sadness grew by 47 per cent due to coronavirus pandemic

Aviation workforce shrank by 39,000 in April-Sept due to Covid-19: Ministry

Highest impact seen in employment at airports which shed 19,247 employees during this period