| Employees Fear Skills Will Become Redundant In 5 Yrs |
| In an international workplace survey conducted by global workforce solution provider Kelly Services, nine out of 10 Indian employees were anxious that their current skills would be outdated within five years. They felt that to remain competitive in the job market, more training was required. The survey conducted over 100,000 people across the globe, including 5,000 from India, projected that one third of the respondents believed that the training currently provided by their employers was not sufficient to meet their future career needs. 52 per cent preferred on-the-job training, while 33 per cent rooted for professional development courses. 13 per cent preferred self-initiated learning and a mere 3 per cent wanted formal or college education qualification. |
| Source: 11-05-09 www.rediff.com Compiled by Amresh Anjan |
| Jet Sacks Foreign Air Hostesses |
| In a bid to control spiraling costs, Jet Airways, India’s second largest carrier, has handed pink slips to 120 foreign airhostesses. These expatriate airhostesses were an integral part of its 3000- strong cabin crew. The decision to retrench them came after Jet Airways shut down overseas crew bases in countries like Malaysia, Singapore and Thailand. All these laid off airhostesses were from these three operational bases. |
| Source: 14-05-09 www.headlinesindia.com Compiled by Amresh Anjan |
| Microsoft To Axe 55 Jobs In India |
| To cope up with the slowdown that has hit the IT sector, software giant Microsoft is slashing 55 jobs in India, or one per cent of its Indian staff. These jobs cuts are a part of the company’s decision in January this year to cut 5,000 jobs. Microsoft has said that it is laying off these people in a bid to realign its business in the country. |
| Source: 12-05-09 Financial Express Compiled by Amresh Anjan |
| Maruti To Hire For Its R&D Division |
| Maruti Suzuki India will ramp up its headcount in the R&D division to 1,000 by the end of March 2010. The new hiring is aimed to meet parent Suzuki Motor Corp’s plan of making the Indian subsidiary a global hub for small car development. Currently, the R&D strength is 720 people. |
| Source: 12-05-09 www.thehindu.com Compiled by Amresh Anjan |
| Stanchart To Recruit 100 Relationship Managers Globally |
| To further accelerate its operations, the Standard Chartered Private Bank plans to hire 100 relationship managers globally within the next 12 months. Currently, it has 350 relationship managers globally and the new recruitment will abet planned expansion in its key markets in Asia, Europe and the West Asia, in response to a growing demand from high net-worth individuals. |
| Source: 11-05-09 www.rediff.com Compiled by Amresh Anjan |
| DLF Headcount Drops By 22% |
| The headcount at DLF, the country’s largest real estate firm, has dropped by over 800 during 2008-09. DLF’s headcount dropped by 818 to be at 2,882 as on March 31, 2009 as against 3,700 a year ago, a drop of 22%. The company has not clarified if these people were sacked. |
| Source: 10-05-09 www.sify.com Compiled by Amresh Anjan |
| HR Conference By CII In Ahmedabad |
| Confederation of Indian Industry (CII) is organising ‘HR Conference 2009’ with the theme ‘HR Leadership in Current Economic Scenario’ on 05 June at Ahmedabad. The conference would address major issues facing the present HR environment and find ways to tackle them. It would be attended by CEOs, HR heads, HR professionals and academia. For further details, please contact Javed Sindhi at javed.sindhi@cii.in. Contact number: 079-26468872 |
| Source: 14-05-09 CII Compiled by Amresh Anjan |
| NIPM (Punjab) Presents One Day HR Programme In Chandigarh |
| National Institute of Personnel Management (Punjab chapter) is organizing a one day seminar on the theme ‘Emerging HR Challenges & Commensurating Compensation & Benefits Strategy in Turbulent Economy’ on Saturday, May 23 at CII, Sector 31-A, Chandigarh. The conference will be inaugurated by Dr A K Balyan, Director - HR, Oil & Natural Gas Corporation & National President, NIPM. Eminent HR personalities will be speakers at the event. For participation and fee details, contact Ms Gunjan Nagpal, Mob: 9216215548, e-mail: gunjan_nagpal@yahoo.co.in; nipmpunjab@gmail.com or Mr. S R Saini, Chairman – NIPM Punjab, Mob. No. +91-9815157788; Tel. No. 0172-6451482; e-mail: saini_sr@sify.com. |
| Source: 15-05-09 NIPM Compiled by Amresh Anjan |
| PSU Bank Staff May Have To Bear 25% Pension Amount |
| More than 250,000 public sector bank employees may have to bear at least a quarter of the total amount of the second pension option that will be given to them as part of the wage settlement. According to sources, the public sector banks and the unions have agreed on a second pension option that is estimated to cost around Rs 6,000 crore. However, the extent of burden that is to be shared is still being negotiated. While the banks want the employees to bear 50 per cent of the cost, the unions are willing to take a maximum of 25 per cent of the cost. |
| Source: 13-05-09 Business Standard Compiled by Amresh Anjan |
| ICICI Pru Life To Add 3,000 Staff |
| ICICI Prudential Life, country’s largest private sector life insurer, has announced plans to hire 3,000 people in the next two months. The bank has said that it has already started its hiring process. The total employee strength of ICICI Prudential Life stood at 25,000 at the end of March 2009. |
| Source: 13-05-09 www.rediff.com Compiled by Amresh Anjan |
| Wipro To Increase Its China Headcount To 3000 |
| Wipro Ltd is looking to ramp up its China headcount ten-fold by 2010. Currently, the IT major has operations in Chengdu and Shanghai, where it employs 305 people. The ramp-up is targeted to take the company's headcount in China to over 3,000. Wipro is likely to open its third development centre in China in Nantong, a city near Shanghai. The centre is expected to be set up at a new technology park currently coming up in Nantong. |
| Source: 12-05-09 Business Standard Compiled by Amresh Anjan |
| US To Overhaul Compensation Practices In the Finance Sector |
| In United States, the Obama-led administration is looking to completely restructure compensation practices in the country's financial services industry. It is looking to move beyond banks to include more loosely regulated hedge funds and private equity firms. The policymakers are exploring ways to ensure that pay is more closely linked to performance. In the wake of the economic downturn, exorbitant compensation for top executives has come under severe disapproval from several quarters. Recently, the US administration imposed restriction on the pay structure for companies receiving funds from the government. |
| Source: 13-05-09 www.rediff.com Compiled by Amresh Anjan |
| ArcelorMittal Eliminating Nearly 1,000 Jobs At US Plant |
| ArcelorMittal, the world's largest steel maker, has decided to indefinitely lay off 978 workers at its Indiana Harbour West mill plant in July. The Luxembourg-based company owned by Indian steel czar Mr Lakshmi Mittal will idle iron-producing operations at Indiana Harbor West until market conditions improve. The company has said that it has already alerted the United Steelworkers (USW) and other stakeholders of these lay-offs. |
| Source: 14-05-09 in.news.yahoo.com Compiled by Amresh Anjan |
| Nike Cuts Down 5 Per Cent Of Global Jobs |
| Nike Inc, the world's largest maker of athletic shoes and apparel, has decided to retrench 5 per cent of its 35,000-strong global workforce, amounting to 1,750 jobs. This is the largest headcount reduction in the company's history. About 500 positions will be lost at Nike's Beaverton, Oregon, headquarters. Nike employs about 6,800 workers at its headquarters. Most of the layoffs would be completed over the coming weeks. |
| Source: 14-05-09 news.yahoo.com Compiled by Amresh Anjan |
| UK Jobless Total Touches 2.2 Million |
| According to the Office for National Statistics (ONS) in the UK, the number of jobless people in the country rose 244,000 to 2.22 million in the first three months of 2009. The unemployment rate rose from 6.7% to 7.1%. Unemployment benefit claimants in April rose 57,100 to 1.51 million. The quarterly rises in the jobless rate and number were the biggest since 1981. |
| Source: 12-05-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Loss-Hit Daiichi Puts A Freeze On Bonus |
| Daiichi Sankyo Co. Ltd has decided to not pay any bonuses to executives for the fiscal year ended March. The company is reeling under losses after it acquired Ranbaxy Laboratories Ltd, India’s largest pharma firm by revenue. Daiichi Sankyo posted a net loss of 335.8 billion yen (Rs17.15 trillion) for the year to 31 March, compared with a profit of 97.6 billion yen in the previous fiscal year. |
| Source: 13-05-09 www.livemint.com Compiled by Amresh Anjan |
| JSW Cuts Nearly 50 Per Cents Jobs In US |
| Reeling under the global economic crisis, Mr Sajjan Jindal-led JSW Steel has reduced its workforce at its US steel mills almost by half to remain competitive in the current scenario. The mills altogether employed 950 workers in 2007. The mills, which can produce 1.2 million tonnes of plates and 0.5 million tonnes of pipes annually, are now running at only 10-15 per cent of their capacity. |
| Source: 14-05-09 www.sify.com Compiled by Amresh Anjan |
| BT Group To Shed 15,000 Jobs |
| After a 1.58 billion pound ($2.4 billion) write down and restructuring at its Global Services unit caused a fourth quarter loss, Britain's BT Group has cut its dividend and announced further 15,000 job cuts. BT has also decided to double its pension contributions to 525 million pounds ($794.1 million) a year for the next three financial years. |
| Source: 14-05-09 www.sify.com Compiled by Amresh Anjan |
| Cisco Appoints Mr B Raghavendaran As V-P |
| Cisco has appointed Mr B Raghavendaran as vice-president (channel operations & commercial strategy) of Cisco India and SAARC. In his new role, Mr Raghavendaran will be responsible for building and leading Cisco’s partner efforts in the region. He will also supervise reinforcing of Cisco’s presence in the commercial segment. |
| Source: 12-05-09 Financial Express Compiled by Amresh Anjan |
| BSE Gets New MD And CEO |
| The board of directors of Bombay Stock Exchange has appointed Mr Madhu Kannan as managing director and chief executive officer. |
| Source: 12-05-09 www.thehindu.com Compiled by Amresh Anjan |
| New MD & CEO For ICICI Prudential Life |
| ICICI Prudential Life has appointed Mr V. Vaidyanathan as managing director & chief executive officer of the company. He replaces Ms Shikha Sharma in this position. Prior to this, Mr. Vaidyanathan was executive director with ICICI Bank. He brings to the table nearly two decades of experience in the financial services domain. |
| Source: 12-05-09 www.thehindu.com Compiled by Amresh Anjan |
| GE Capital Appoints Mr Anish Shah |
| GE Capital has appointed Mr Anish Shah as presidents and chief executive officer of GE Capital in India. He will lead GE Capital’s consumer and commercial financial services in India, including strategic partnership. |
| Source: 14-05-09 Financial Express Compiled by Amresh Anjan |
| NDTV Convergence Appoints Mr Kawaljit Bedi |
| NDTV Convergence, the digital arm of NDTV Group, has appointed Mr Kawaljit Bedi as its chief technology officer. Prior to this, he was head of research and product development at NDTV Labs. |
| Source: 12-05-09 www.alootechie.com Compiled by Amresh Anjan |
| Mr Amit Koshal Joins MySpace India |
| MySpace has appointed Mr Amit Koshal as senior business development manager, mobile for India operations. Before joining MySpace India, Mr Koshal was head of business development for Asia Pacific and Latin America regions at ACL Wireless. Earlier, Mr Koshal has also worked at Reliance Big Entertainment's mobile gaming company - Jump Games. In his new role at MySpace, he will be responsible for spearheading the mobile strategy for MySpace India. |
| Source: 13-05-09 www.alootechie.com Compiled by Amresh Anjan |
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