Page 7 - Job Loss

Covid-19 crisis: Unemployment rate remains high at 24.3% amid lockdown

The labour participation rate trend seems to tell a story of some interesting changes in the labour markets

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

British companies to pay 20-30% of furloughed employees' wages: Report

The United Kingdom extended its job retention scheme - the centrepiece of its attempts to cushion the coronavirus hit to the economy - by four months on May 12

Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus

Those impacted will get emails for a zoom call with the leadership team within the next 24 hours.

Covid-19 crisis fuels huge US job losses as pandemic breaches White House

White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20% this month

Best of BS Opinion: Inevitability of classical economics, Covid-19 and more

Here's a selection of Business Standard Opinion pieces for the day.

Govt must work to revive consumption, not worry about rating: Rahul Gandhi

Congress wants lockdown lifted across country on May 18, save hotspots; Gandhi urges Centre to make citizens 'psychologically' prepared to for lockdown exit

India coronavirus dispatch: Migrant workers need housing security

From India's testing conundrum, to financing the Covid-19 response, and the non-respiratory symptoms of the disease - read these and more in today's India digest

SC seeks govt's response on PIL on lay-offs, salary cuts in media industry

Advocate Colin Gonsalves, appearing for the petitioners, said that we heard that the jobs of journalists were being terminated.

Trump urged to suspend H1B, other visas after 26 mn Americans lose jobs

The letter, dated April 23, was released to the media on Friday, a day after Trump issued an executive order that suspended issuing of new Green Cards for the next 90 days

It's a better option to take advance EPF than a loan during tough times

The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus

Do not lay off, instead cut salaries: Karnataka Govt to IT, BT Cos

The Deputy Chief Minister said the IT and BT industry leaders are extremely happy with regard to the support system or backup given by the government of Karnataka

Dealers knock at the Prime Minister's door as automobile sector hits snag

For the last 15 months, the auto industry has already been under an unexpected severe slowdown

Covid-19 economic fallout may push half billion people into poverty: Report

The devastating economic fallout of the pandemic is being felt across the globe," said Jose Maria Vera, Oxfam International Interim Executive Director

Uber starts disbursing money to drivers from Rs 25 cr dedicated corpus

Firm also plans to roll out hospital cash insurance for its drivers, covering Covid-19 and other illnesses requiring hospitalisation for up to 14 days

Covid-19 impact: 195 mn full-time workers may lose jobs globally, says ILO

Huge losses are expected across different income groups, especially in upper-middle income countries (7 per cent, 100 million full-time workers), said the ILO

Lockdown would have deeper impact, 52% foresee job losses: CII CEOs Poll

"The expectations of this sharp decline in both revenue and profit growth by domestic firms could foretell the significant impact of this outbreak on GDP growth," CII stated.

Migrant workers head home in coronavirus lockdown, exposed and vulnerable

Unlike countries such as South Africa, which follow a right-based approach giving social security to everyone who joins the workforce, India sticks to an employment-based approach

Jobs to foreign investment: What happens if Voda Idea shuts shop

The closure would mean severe job losses - in a market where job creation is becoming an issue

Auto component industry may end FY 2019-20 on negative note: ACMA

The auto component industry's turnover witnessed its worst-ever decline in the first half of the current financial year, leading to a job loss of around 1 lakh temporary workers till July this year