| Pay Hike Bonanza For AI Cabin Crew |
| In a windfall of sorts, Air India has given a two-fold hike in the salaries to its executive (officer grade) cabin crew to Rs 2.25-lakh with retrospective effect from June 1, 1997. The revised average compensation package of these officers would reach about Rs 2.25-lakh per month from around Rs one lakh currently. Around 900 officers will benefit from this hike. The revised package includes enhanced flying allowances and wages as well as guaranteed executive class tickets on duty and on leave. The salary bonanza comes at a time when all airlines are reeling under losses and AI is looking at tightening its belt. |
| Source: 02-06-09 profit.ndtv.com Compiled by Amresh Anjan |
| SAIL To Hire 600 Freshers This Fiscal |
| Steel giant SAIL is looking to hire about 600 freshers in FY ’10 even as global producers like ArcelorMittal and Corus are pruning workforce. On an average, SAIL recruits about 500-600 trainees every year from institutes like IIMs and IITs and would continue this trend this year too. Currently, SAIL headcount stands at a little under 1,21,000 people. Despite hiring, SAIL also anticipates its workforce to reduce by about 6,000-7,000 in 2009-2010 on account of ‘natural separation’. Last year, nearly 7,500 employees left SAIL by way of superannuation and voluntary retirement. |
| Source: 01-06-09 www.business-standard.com Compiled by Amresh Anjan |
| Bank of Maharashtra To Hire More In 2009-10 |
| Bank of Maharashtra will recruit 600 people this year as specialized staff, including IIM graduates, chartered accountants and cost accountants for the first time. |
| Source: 30-05-09 Financial Express Compiled by Amresh Anjan |
| Aegis BPO To Ramp Up Workforce By 12,000 |
| Essar Group's back-office unit Aegis Ltd will hire up to 12,000 employees this fiscal taking up the total headcount to 43,000. The company is looking at hiring 1,000 people every month in India and across United States, Philippines, Costa Rica and Africa where it has operations. Aegis services clients from 32 locations with over 20,000 seats and its client list includes American Express Co, AT&T, and Vodafone. |
| Source: 04-06-09 www.news.msn.com Compiled by Amresh Anjan |
| Govt Approves Hiring 700 Staffers At DGCA |
| In order to retain the premium Category-I rating of the US Federal Aviation Authority (FAA), the Directorate General of Civil Aviation has got a nod from the government to fill 700 posts. The DGCA is in a rush to meet critical conditions set by FAA to meet global safety standards. Most of the posts to be filled up are in DGCA's air safety and investigation wings. |
| Source: 02-06-09 www.rediff.com Compiled by Amresh Anjan |
| 1450 people To Be Hired By US LPO In India |
| US-based legal process outsourcing (LPO) services provider CPA Global is looking to hire 1,450 people over the next two years. Currently, it has 550 people at its Noida and Gurgaon centers. With the new hiring, the total headcount will move to nearly 2,000. Fresh hiring will be done for its third centre, which is coming up soon. |
| Source: 31-05-09 www.topnews.in Compiled by Amresh Anjan |
| New CMDs At Three Public Sector Banks This Fiscal |
| In the current fiscal, three PSU banks are set to get new chairman and managing directors. The appointments in 2009-10 would include the CMDs of Syndicate Bank, Bank of India and United Bank of India. These vacancies were created on account of superannuation of the existing chiefs. |
| Source: 01-06-09 www.dnaindia.com Compiled by Amresh Anjan |
| Probe Into Hiring Behavior At Google, Yahoo, Apple |
| According to a UK media report, the US Justice Department is probing into the hiring behavior of some of the largest American technology companies, including Google, Apple, Yahoo and Genentech in Silicon Valley. The report says that the US Justice Department has begun a civil antitrust inquiry and asked them for documents that would shed light on whether they have an agreement not to poach talent from one another. |
| Source: 04-06-09 www.business-standard.com Compiled by Amresh Anjan |
| 500,000 Jobs To Be Created In S Africa This Year |
| South African President Mr Jacob Zuma has pledged to create 500,000 jobs in the country by the end of this year to counter the impact of the global recession. He has charted out a ten-point plan to create jobs, revive economy, fight poverty, rural development and to create an efficient civil service in the country. In the first quarter of 2009, more than 200,000 jobs were lost but now the government is working to minimize job losses. |
| Source: 03-06-09 www.rediff.com Compiled by Amresh Anjan |
| Job Losses In US Drop In May: Report |
| According to a report by global outplacement consultancy firm Challenger, Gray & Christmas, job losses in the US fell for the fourth consecutive month in May to over 1.1 lakh, recording a 16 per cent dip from layoffs announced in April. US employers announced 111,182 planned job cuts in May as compared to 132,590 layoffs in April. However, the layoffs were 7.4 per cent higher than the same month a year ago. So far this year, employers have announced 822,282 job cuts, more than double (109 per cent) the 394,193 announced through this point last year. |
| Source: 04-06-09 www.dnaindia.com Compiled by Amresh Anjan |
| Wal-Mart To Add Over 22,000 People In The US |
| Amid strained US labour market grappling with rising unemployment woes, retail giant Wal-Mart Stores is set to hire over 22,000 people in the US this year. New employees will be added for its new and expanded stores nationwide. Hiring would be done for positions including store management, pharmacists, human resource managers, customer service associates, cashiers and sales associates. Wal-Mart would generate nearly 1,300 jobs in Arizona; 1,000 jobs in California; 1,300 jobs in Florida; 1,500 jobs in Michigan; 1,200 jobs in New Jersey; 1,000 jobs in South Carolina; 1,200 jobs in Utah and 1,100 in Virginia, according to company sources. |
| Source: 04-06-09 www.business-standard.com Compiled by Amresh Anjan |
| Eurozone Unemployment Rate Touches 10-Yr High |
| The jobless rate in Eurozone- the 16 nations which share the common currency euro –peaked to a ten-year high of 9.2 per cent in April. In the wake of the global recession, the jobless rate rose from 8.9 per cent in March to 9.2 per cent. The rate of unemployment in the 27-nation European Union also rose to 8.6 per cent in April as compared to 8.4 per cent in the previous month. |
| Source: 02-06-09 www.dnaindia.com Compiled by Amresh Anjan |
| No Severance Payouts For Five former Citi Executives |
| As per a media report, Citigroup will not pay its five former top executives millions of dollars in promised severance payouts. The affected executives include Mr Michael Klein, who was co-head of the New York company’s investment bank, and Mr Kevin Kessinger, formerly in charge of operations and technology at Citi. The company has already paid out more than half of the nearly $100 million it promised to the former executives. The remaining payments have been halted to avoid the possibility of a public backlash over the money. Citi has received more than $45 billion in taxpayer-funded capital, and the US government would take about 34% stake in the company. |
| Source: 03-06-09 www.financialexpress.com Compiled by Amresh Anjan |
| Lloyds Bank To Axe 530 Jobs |
| Lloyds Banking Group in the UK is looking to eliminate 530 jobs and close one site in the country. All retrenchments will be made before year-end. Nearly 210 jobs will be lost from a customer service unit in Kent, which is to be shut down. Another 320 positions will go from other retail operations throughout the UK Last month, the group had announced 625 job cuts. |
| Source: 03-06-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Mr Venki Prathivadi Appointed As Satyam Australia, NZ Head |
| Satyam Computer has appointed Mr Venki Prathivadi as the country manager for its operations in Australia and New Zealand. Also, Mr Vijay Prasad has been appointed as principal advisor for the firm's Australia and New Zealand (ANZ) region. The new appointments come a week after Satyam’s Australia head Mr Deepak Nangia put in his papers. In their new roles, Mr Prathivadi would direct all activities of the company in the two countries, including customer relationship management, solution development, service delivery, sales and support, while Mr Prasad would provide advisory services to build leadership in ANZ and would be based in Sydney. |
| Source: 01-06-09 www.deccanherald.com Compiled by Amresh Anjan |
| High-Profile Appointments At Bank Of America |
| Bank of America Corp (BoA) has hired Mr Ethan Harris as head of North America economic research and Mr David Bianco as head of US equity strategy. Prior to this, Mr Harris was with Barclays Plc’s Barclays Capital unit as co-chief US economist and co-head of US economic research. Mr Bianco comes from UBS AG, where he had been chief US equity portfolio strategist and head of US valuation and accounting research. |
| Source: 01-06-09 www.livemint.com Compiled by Amresh Anjan |
| Reliance Globalcom Appoints Mr Alan Whelan |
| Reliance Globalcom has appointed Mr Alan F Whelan as senior vice-president, EMEA region. He will be located at the company’s Brentford office in the UK. Prior to this, he served as executive director of a private equity business (The DX Group) and as chairman of the board of CTM in China. He has also worked with Cable & Wireless, AT&T and British Telecom in various leadership positions. |
| Source: 02-06-09 Financial Express Compiled by Amresh Anjan |
| New Appointments At Skoda |
| Mr Sanjay Mundade has joined Skoda Auto India board as director commercial affairs while Mr Makarand Deshpande has been promoted to the board as director human resources and administration. Also, Mr Karsten Bogun has retired as the managing director commercial affairs of the company. |
| Source: 02-06-09 Financial Express Compiled by Amresh Anjan |
| New CEO At Indus Towers |
| Indus Towers, a joint venture company formed by Bharti Group, Vodafone Essar and Aditya Birla Telecom has appointed Mr B. S. Shantharaju as the new chief executive officer (CEO). He replaces Mr Stefan Langkamp, who is moving back to his parent company Vodafone to take up a new assignment. |
| Source: 03-06-09 www.thehindu.com Compiled by Amresh Anjan |
| Mr Krishnakumar Appointed CEO Of A Coca-Cola Unit |
| Global soft drinks maker Coca Cola has appointed Mr Thirumalai Krishnakumar as the new chief executive officer of the company's bottling arm, Hindustan Coca-Cola Beverages. Mr Krishnakumar replaces Mr Bill Schultz who has been moved to the Philippines to head the company's operations there. Mr Krishnakumar would report to Mr Steve Buffington, Regional Director (Bottling Investments Group) of The Coca-Cola Company. |
| Source: 04-06-09 www.zeenews.com
Compiled by Amresh Anjan |
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