Mass Layoffs

Type: Keyphrase
Name: Mass Layoffs
First reported Sep 29 2014 - Updated 14 hours ago - 2 reports

Angel Broking maintains 'Buy' on Wipro

Wipro has started a 3 year exercise to become a leaner company. The company is in the process to slim its workflow down by about a third without resorting to mass layoffs, through deploying automation. The company is looking at being around 100,000-strong ... [Published MyIris - 14 hours ago]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Eric Tsang criticises TVB for mass layoffs

Singapore police are investigating a protest march led by bloggers Roy Ngerng and Han Hui Hui at Hong Lim Park on Saturday after they led participants in a path that encroached the space allocated to another event occurring at the same time. …In the government’s ... [Published Yahoo! Singapore - Sep 29 2014]
First reported Sep 28 2014 - Updated Sep 28 2014 - 1 reports

Evolution of a solar electric system

Getting a real charge from solar powerIt appears that Gov. Andrew Cuomo struck a hard bargain when he made SolarCity promise it would invest $5 billion in its New York state operations over a 10-year period in exchange for having the state build the company ... [Published Times Union - Sep 28 2014]
First reported Sep 27 2014 - Updated Sep 27 2014 - 1 reports

A novel plan for PIA

A NEW plan is in the offing to bifurcate PIA into two companies and sell one of them to an international party. The plan would split PIA’s sprawling operations into two — creating an airline on one hand, and putting ground operations such as hotels, catering ... [Published DAWN Group - Sep 27 2014]
First reported Sep 26 2014 - Updated Sep 26 2014 - 1 reports

New fuel could could change the market completely

Maersk Line challenges rivals with North-South growth strategy John Fredriksen's fortune exceeds USD 16 billion UASC: Hamburg Süd to benefit from Ocean Three Media: Mass layoffs underway at Stena Line SeaIntel: Maersk Line's fleet to grow moderately See ... [Published ShippingWatch - Sep 26 2014]
First reported Sep 26 2014 - Updated Sep 26 2014 - 1 reports

Nordic banks: North Sea crisis soon over

In recent months, ShippingWatch and other offshore media have featured numerous headlines about layoffs in the offshore industry. But these kind of headlines and the sad events that these layoffs represent will soon be over.The two major Nordic banks ... [Published ShippingWatch - Sep 26 2014]
Entities: Layoffs, DNB ASA, Crisis
First reported Sep 25 2014 - Updated Sep 26 2014 - 1 reports

Media: Mass layoffs underway at Stena Line

The new sulfur regulations in Northern Europe force Stena Line to axe 800 employees, the company's CEO tells Swedish newspaper Dagens Industry. The carrier is already in the midst of a process to increase efficiency. ... [Published ShippingWatch - Sep 25 2014]
Entities: Mass Layoffs, Sulfur
First reported Sep 26 2014 - Updated Sep 26 2014 - 1 reports

More Hong Kong stores found using recycled oil

Twenty-three more restaurants and shops in Hong Kong have been found using recycled oil products, Ming Pao Daily reported Friday.Sixteen were ramen shops, including Japanese restaurant chain Sapporo Ramen Miso No. 1 in Tsim Sha Tsui district, which was ... [Published EJ Insights - Sep 26 2014]
First reported Sep 25 2014 - Updated Sep 25 2014 - 1 reports

Philadelphia turns to smokers to pay for education-budget shortfall

The Senate in Pennsylvania, US, has approved by 39-11 a $2-per-pack cigarette tax for Philadelphia to help close the School District’s budget gap, according to a story in the Philadelphia Public School Notebook.Superintendent William Hite was quoted as ... [Published Tobacco Reporter - Sep 25 2014]
First reported Sep 24 2014 - Updated Sep 25 2014 - 1 reports

Erie schools post mostly higher scores for math, reading

School performance scores rose for nearly every Erie School District school over the past year, according to new state Department of Education data that tracks academic progress and growth.Pennsylvania School Performance Profile scores increased in 15 ... [Published Erie Times-News - Sep 24 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

Israel agrees on plan with 135 mln USD to aid tourism after Gaza conflict

Contributed by NAMPA / Xinhua.JERUSALEM, Sept. 23 (Xinhua) -- The Israeli cabinet on Tuesday agreed on a plan to infuse local tourism with 491 million shekels (135 million U.S. dollars) to restore the damage in the industry by the recent conflict with ... [Published Namibia Press Agency - Sep 23 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

Group layoffs in Wroclaw white goods factory

PAP / Maciej Kulczyński 23.09. Warszawa (PAP) - Official receiver of the Wroclaw-based FagorMastercook factory announced the start of group layoffs procedure Monday, after it turned out that no investor willing to acquire the ailing factory placed ... [Published Polska Agencja Prasowa SA - Sep 23 2014]

Quotes

Commenting on the same, Sarabjit Kour Nangra, VP Research, IT, Angel Broking, said, "At Wipro, automated tools are expected to make their presence felt significantly in two departments-monitoring of computer infrastructure and administration, which together employ 48,000 people 30% of workforce. The monitoring department makes up about one-fifth of Wipro's workforce now (30,000), and it is seen making up around 5% (5,000) of the company's headcount in three years."
"We are looking to become around 100,000-strong.This is the plan or ambition, but it depends on how effectively we can deploy automation" said one of the sources
"You're fired if you got sick, and you're fired if you're retiring next year. Why won't the company just move people to different departments instead?" he asked
"This is another step in the ongoing process of adapting to a dynamic"

More Content

All (187) | News (132) | Reports (0) | Blogs (55) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Angel Broking maintains 'Buy' on Wipro [Published MyIris - 14 hours ago]
With eye on future, Wipro to cut staff by a 3rd... [Published Economic Times - Sep 29 2014]
Eric Tsang criticises TVB for mass layoffs [Published Yahoo! Singapore - Sep 29 2014]
10 Companies Cutting The Most Jobs: 24/7 Wall St. [Published Huffington Post - Sep 28 2014]
Evolution of a solar electric system [Published Times Union - Sep 28 2014]
A novel plan for PIA [Published DAWN Group - Sep 27 2014]
Alpha idles three West Virginia coal mines, ext... [Published Platts - Sep 26 2014]
So you want a job? You’d better be in the right... [Published PBS - Sep 26 2014]
Cincinnati-area economy on 'firmer footing' [Jo... [Published BusinessWeek - Sep 26 2014]
Cincinnati-area economy on ‘firmer footing’ [Published Journal-News - Sep 26 2014]
Nordic banks: North Sea crisis soon over [Published ShippingWatch - Sep 26 2014]
New fuel could could change the market completely [Published ShippingWatch - Sep 26 2014]
More Hong Kong stores found using recycled oil [Published EJ Insights - Sep 26 2014]
Lenovo moves in on Motorola, Husi moves out of ... [Published EJ Insights - Sep 26 2014]
Philadelphia turns to smokers to pay for educat... [Published Tobacco Reporter - Sep 25 2014]
Media: Mass layoffs underway at Stena Line [Published ShippingWatch - Sep 25 2014]
PIA to be split into two, Gulf airlines may buy... [Published DAWN Group - Sep 25 2014]
INTERVIEW-Pakistan plans to carve up ailing PIA... [Published CNBC - Sep 25 2014]
Atlantic City — past perfect, grim future [Published Gulf Times - Sep 24 2014]
Loyalty among Asian employees no longer valued,... [Published ZDNet - Sep 24 2014]
Erie schools post mostly higher scores for math... [Published Erie Times-News - Sep 24 2014]
Israel agrees on plan with 135 mln USD to aid t... [Published Namibia Press Agency - Sep 23 2014]
Employment & Labor in South Carolina - Lexology... [Published Lexology - Sep 23 2014]
Group layoffs in Wroclaw white goods factory [Published Polska Agencja Prasowa SA - Sep 23 2014]
Atz's shuts restaurants after awful hard' year [Published Journal-Gazette - Sep 23 2014]
Atlantic City's Casino Problem [Published Governing - Sep 22 2014]
Workers of Shanghai Husi Food to be laid off [Published NHK - Sep 22 2014]
Lotus Ceases Sales Of Road Cars In America [Published The Truth About Cars - Sep 22 2014]
Mass layoffs at Shanghai Husi Food after meat s... [Published EJ Insights - Sep 22 2014]
OSI Lays Off Workers at Shanghai Husi Amid Meat... [Published DailyMe.Com - Sep 22 2014]
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Duke Professor: $10/hour Minimum Wage Would Cau... [Published Washington Free Beacon - Sep 10 2014]
Duke University Finance Professor Campbell Harvey said his recent survey of U.S. Chief Financial Officers (CFOs) showed that an increase in the federal minimum wage would mean higher unemployment, slashed benefits, and an increase in outsourcing. ...
Here's Your Quick And Complete Preview Of This ... [Published Clusterstock - Sep 07 2014]
The U.S. is winning and Europe is losing. That's the basic gist of the diverging global economic stories . Deteriorating data out of Europe has the European Central Bank is surprising us with more monetary policy easing while strong U.S. economic ...
Big Tech Teeters, May Sack Most People since 2009 [Published Zero Hedge - Sep 05 2014]
Wolf Richter   www.wolfstreet.com    www.amazon.com/author/wolfrichter There is one thing for sure that big American tech companies, many of them severely revenue-challenged, excel at: buying other companies. They’re all doing it. And the price ...
Newsbusted: Poll Says 34% of Mexicans Want To M... [Published YID With LID - Sep 05 2014]
Illegal Immigration is a key issue gripping voters in the United States. Some demand President Obama to seal the borders and protect the populace, other complain that Obama is deporting too many illegal immigrants. In today's Newsbusted Anchor Jodie Miller ...
Book Review: The Firm by Duff McDonald [Published IntelliBriefs - Sep 01 2014]
http://www.businessweek.com/articles/2013-09-05/book-review-the-firm-by-duff-mcdonald  By Adam Sternbergh September 05, 2013 In the popular imagination, McKinsey, the global consulting firm, is a cross between the Pinkertons, the Men in Black, ...
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