Manufacturing Jobs

Hiring intent for manufacturing, services sector up 10% in Q1FY24: Report

Even as there is an ongoing global turmoil, hiring intentions in services and manufacturing sectors for the first quarter of 2023-24 are 10 per cent more than the year-ago period, a report said on Tuesday. According to the TeamLease Services' 'Employment Outlook Report' for the Services and Manufacturing sectors for Q1, FY24, despite the ongoing global turmoil, hiring intent in India has steadily increased over the past year. In comparison to the same quarter in the previous year (April-June 2022-23), hiring intentions in the services and manufacturing sector in the first quarter of FY24 is 10 per cent higher as close to 64 per cent of employers the employers interviewed said they are keen to increase their resource pool across industries. However, compared to the fourth quarter of FY23, the hiring outlook has witnessed a dip of 4 per cent. The TeamLease Employment Outlook Report for the Services and Manufacturing sectors is based on a survey of 809 small, medium and large companie

3M plans to cut 2,500 jobs globally as outlook signals more turbulence

3M shares dropped as much as 4.7% before the start of regular trading in New York

COVID-19 pandemic strongly impacted manufacturing in India: Study

COVID-19 strongly impacted the manufacturing sector in India, according to a study which provides new insight into how countries respond to systemic shocks such as the pandemic. Previous attempts to quantify the impact of COVID-19 mostly looked only at the pandemic in a single dimension, such as gross domestic product or a country's unemployment rate. The latest study, published in PLOS One, explored resilience across a variety of social, economic and political domains in several countries, including the US, Brazil, India, Sweden, New Zealand and Israel. "We found significant discrepancies between what experts had predicted would be the most resilient countries if struck with a pandemic," said Sara Del Valle, from the Los Alamos National Laboratory in the US. The researchers found that the most pandemic-impacted sectors also differed across countries. The study shows that human health, public administration and defense were strongly impacted in the US and Sweden, while manufacturi

Manufacturing sector companies outperform on the bourses in 2022

But it remains a laggard on the bourses over the past decade

On Udaan network, local mobile accessory brands take wings in 'Bharat'

Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business

'Strong demand outlook for domestic solar OEMs aided by policy measures'

Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, it stated that timely commissioning and ramping up of ongoing capex in module manufacturing value chain remains a critical factor in the near to medium-term. As a result, adequacy of the modules from the domestic OEMs to meet the demand in utility & non-utility segment as well as quality of such modules remains a monitorable. "The policy focus by Government of India in the renewable energy (RE) sector remains strong as also evident from the policy target of 500 GW of non-fossil fuel-based capacity by CY 2030 as well as policy direction in the energy transition with net zero emission target by 2070," ...

S Korea factory activity grows for 14th month but output, orders shrink

Output continued to shrink on shortages of materials, notably in the semiconductors market.

Indian firm Optiemus, Taiwan's Wistron sign deal to make mobile devices

The strategic alliance will design and manufacture tablets, laptops, hearables, wearables, telecom products.

Manufacturing PMI falls to 7-month low in March as Covid cases rise

Employment declined in March, says report as central bank's committee meets for monetary policy.

Big bets on PLI schemes to find pot of gold at the end of the rainbow

The govt is going all out to push its ambitious production-linked investment scheme to help Indian manufacturing scale up and make India an export hub

Jobs grew at medium and large companies, but at a slow pace: Study

The study, carried out by CARE Ratings, is based on annual reports of 969 medium and large companies

Manufacturing jobs don't matter, or do they? IMF may be missing a point

For a country like India, labour productivity would improve many times over if workers from underemployment-plagued agriculture moved to manufacturing