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Page 5 - Job Loss

In times of job loss and insecurity, Malegaon emerges a successful outlier

None of the labourers working at power looms in Malegaon are migrant workers, said Yusuf, the union's chairperson

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Updated On : 06 Oct 2020 | 10:39 AM IST

American Airlines starting 19,000 furloughs as bailout hopes fade

American Airlines Chief Executive Doug Parker told employees in a letter that he stood ready to reverse the furloughs if a deal was reached

American Airlines starting 19,000 furloughs as bailout hopes fade
Updated On : 01 Oct 2020 | 6:59 AM IST

To shift to low-carbon energy Shell to cut up to 9,000 jobs in new plan

Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to annual savings of $2 billion to $2.5 billion by 2022

To shift to low-carbon energy Shell to cut up to 9,000 jobs in new plan
Updated On : 30 Sep 2020 | 12:42 PM IST

Two-fold spike in suicides by financially stressed daily wagers since 2014

Self-killing has grown among self-employed, jobless, salaried and even students. While farmer suicides haven't really reduced, farm workers are less inclined to take the extreme step, data suggests

Two-fold spike in suicides by financially stressed daily wagers since 2014
Updated On : 03 Sep 2020 | 6:33 PM IST

United Airlines plans to furlough 16,000 workers, fewer than expected

United Airlines said it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave

United Airlines plans to furlough 16,000 workers, fewer than expected
Updated On : 03 Sep 2020 | 2:53 PM IST

Los Angeles City Council declares fiscal emergency, 15,000 jobs at risk

The Los Angeles City Council has declared a fiscal emergency because of the coronavirus pandemic, paving the way to furlough about 15,000 employees

Los Angeles City Council declares fiscal emergency, 15,000 jobs at risk
Updated On : 03 Sep 2020 | 2:45 PM IST

United Airlines to axe 16,370 workers, many more going without pay

Many staffers have opted for leave that provides healthcare but no money, according to Association of Flight Attendants-CWA International President Sara Nelson

United Airlines to axe 16,370 workers, many more going without pay
Updated On : 03 Sep 2020 | 8:55 AM IST

Slowdown: India's Gen Z risks getting left out of formal jobs, says study

Prime Minister Narendra Modi imposed one of the world's most restrictive lockdowns from March 25, leading to a loss of about 122 million jobs

Slowdown: India's Gen Z risks getting left out of formal jobs, says study
Updated On : 01 Sep 2020 | 1:09 PM IST

GDP data: No surprises here; need different policy measures to stem the rot

The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent

GDP data: No surprises here; need different policy measures to stem the rot
Updated On : 31 Aug 2020 | 6:38 PM IST

Are you in financial trouble? Ask your bank to restructure your loan asap

Take your repayment capability and the extra interest cost involved when choosing a restructuring option

Are you in financial trouble? Ask your bank to restructure your loan asap
Updated On : 30 Aug 2020 | 9:38 PM IST

Job losses loom as Vanguard Group closes Hong Kong, Japan operations

The largest mutual fund company, with roughly $6 trillion in assets under management, said in a statement its Hong Kong business mostly served institutional clients and not retail investors

Job losses loom as Vanguard Group closes Hong Kong, Japan operations
Updated On : 27 Aug 2020 | 2:20 AM IST

US Economy in question as 1 million people apply for unemployment insurance

The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million

US Economy in question as 1 million people apply for unemployment insurance
Updated On : 21 Aug 2020 | 10:11 AM IST

Rahul targets govt, says 20 mn jobs lost in last 4 months amid Covid-19

The news report cited by Gandhi claimed that around 18.9 million jobs were lost due to the coronavirus pandemic from April onwards

Rahul targets govt, says 20 mn jobs lost in last 4 months amid Covid-19
Updated On : 19 Aug 2020 | 1:46 PM IST

18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE

The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data

18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE
Updated On : 19 Aug 2020 | 9:12 AM IST

Tips on buying a health insurance policy for parents in the time of Covid

Buy as soon as possible, as increase in age not only pushes premiums up, it also comes with restricted coverage to diseases

Tips on buying a health insurance policy for parents in the time of Covid
Updated On : 16 Aug 2020 | 9:34 PM IST

Covid-19 impact: UK job losses hit decade-high, worse seen ahead

Mounting job losses are expected as Britain winds down its job-retention scheme, which has covered around one in three private-sector jobs. It is due to close at the end of October

Covid-19 impact: UK job losses hit decade-high, worse seen ahead
Updated On : 12 Aug 2020 | 1:16 AM IST

Mass unemployment amid pandemic emerges as biggest challenge for China

Unemployment is exploding in the country with an estimated 70 to 80 million Chinese lost their jobs or were unable to work at the end of March, several weeks after the lockdown was lifted

Mass unemployment amid pandemic emerges as biggest challenge for China
Updated On : 03 Aug 2020 | 1:36 PM IST

KLM airlines announces massive layoffs, set to cut nearly 5,000 positions

At the end of June, the Dutch government presented an aid package of 3.4 billion euros ($3.8 billion) for KLM to overcome the consequences of the Covid-19 crisis

KLM airlines announces massive layoffs, set to cut nearly 5,000 positions
Updated On : 01 Aug 2020 | 11:07 AM IST

Over half of furloughed UK staff back at work, think tank estimates

Britain's finance ministry has said furlough payments totalling 32 billion pounds ($42 billion) so far have been made in respect of a cumulative 9.5 million jobs

Over half of furloughed UK staff back at work, think tank estimates
Updated On : 01 Aug 2020 | 10:27 AM IST

China's factory recovery accelerates in July at a faster pace: PMI

The official manufacturing Purchasing Manager's Index (PMI) rose to 51.1 in July from June's 50.9, official data showed on Friday

China's factory recovery accelerates in July at a faster pace: PMI
Updated On : 31 Jul 2020 | 8:44 AM IST