| India Inc Most Optimistic About Hiring |
| According to the global Manpower Employment Outlook Survey (Fourth Quarter 2009), employers in India and Brazil are more optimistic about hiring in comparison to employers in more developed economies. The survey was conducted across over 72,000 public and private employers worldwide. Employers in 17 of 35 countries and territories surveyed expect some positive hiring activity in the quarter ahead. Fourth-quarter hiring plans are strongest in India, Brazil, Colombia, Peru, China, Australia, Singapore, Costa Rica, Canada, Taiwan and Poland and weakest in Romania, Spain, Ireland, Japan and Mexico. The job prospects remain weak in the United States and across Europe. |
| Source: 08-09-09 www.moneycontrol.com Compiled by Amresh Anjan |
| Mahindra Satyam Reinstates Employee Benefits |
| Mahindra Satyam is in the process of reinstating all employee benefits including the variable portion of staff salaries, employee stock option plans (ESOPs), besides giving promotions and salary hikes across different bands. Based on performance parameters, all associates who handle the full lifecycle of a business are being issued ESOPs. The company has also announced that it would re-introduce a staggered cash bonus for a select set of junior associates, along with some reward and recognition programmes. |
| Source: 12-09-09 www.rediff.com Compiled by Amresh Anjan |
| Indian Retailers Bullish On Hiring |
| With rising discretionary spending and the ongoing festival season, retailers in India have resumed expansion plans. Raheja Group retailer Shoppers Stop will open 12 flagship stores in the next three years. It will also start 4-5 new Crossword book stores this year. Owing to this, Shoppers Stop will generate job opportunities for around 1,000 people in this fiscal. Aditya Birla Retail, which runs supermarket and hypermarket chains under the More brand, will launch 18 More Megastore (hypermarkets) in two years. It will hire about 200 people on front-end for each store. RPG Group that owns Spencer's Retail is also looking to expand over the next three years and will hire new staff for the stores. Other retailers like Pantaloon Retail India, Provogue and Titan Industries will also hire new staff as they expand their number of stores. |
| Source: 12-09-09 www.dnaindia.com Compiled by Amresh Anjan |
| Teleperformance To Ramp Up India Headcount |
| In a bid to make India one of its important operation centres, global BPO major Teleperformance will increase its Indian headcount to 8,000 by 2010. Currently, the company employs more than 4,500 people in India. Teleperformance has added a third Jaipur centre to its pre-existing two centres in the country in Gurgaon and Indore. |
| Source: 08-09-09 www.rediff.com Compiled by Amresh Anjan |
| Wipro To Increase Local Hiring In Australia |
| Wipro Ltd will hire more locals in Australia to expand its information technology outsourcing business. Currently, it has about 90 Australians on its rolls and intends to increase the number of local employees to 250 by the end of the current financial year. Overall, Wipro has about 450 people in Australia, including 300 people at the two development centres in Melbourne and Adelaide. In India, close to 350 employees are working for the company’s Australian clients. The company expects the number of employees working for Australian customers to go up to about 1,000 by the end of this financial year. |
| Source: 11-09-09 www.business-standard.com Compiled by Amresh Anjan |
| Domino's Pizza To Hire 1,800 New Employees |
| Domino's Pizza is planning to hire up to 1,800 new employees during this fiscal. The new hires will service its new restaurants. Domino’s also plans to introduce its small format store concept for walk-in crowds in the Indian market. |
| Source: 07-09-09 www.utvi.com Compiled by Amresh Anjan |
| Volkswagen To Hire 1,500 Workers In India |
| Volkswagen AG plans to hire 1,500 workers in India over the next two to three years as the company boosts production. The new hires will be for its factory in Chakan near Pune, where it expects to reach full production capacity by 2012. The group employs about 1,000 workers in India. |
| Source: 06-09-09 www.bloomberg.com Compiled by Amresh Anjan |
| 25 High-Level Additional Posts At IRDA |
| The administrative department of the Insurance Regulatory Development Authority (IRDA) is expanding its staff base. The insurance watchdog will add 25 additional posts to its 102 existing ones. This is the first time in at least two years that IRDA has opened up fresh posts of this scale. IRDA is seeking five joint directors with actuarial, accountancy or insurance background. Five deputy directors are also being sought, while 10 assistant directors are needed to assist various deputy directors in the actuarial and other departments. IRDA is also looking for five people from the technology background for data management, data security etc. |
| Source: 09-09-09 www.dnaindia.com Compiled by Amresh Anjan |
| Pepsico Among Best Employers For Freshers |
| A magazine in the US has ranked Pepsico along with the US State Department and General Electric among the best employers for entry-level workers. The list is topped by accounting major Deloitte followed by three of its competitors, Ernst & Young (2nd), PriceWaterhouse Coopers (3) and KPMG (4). Pepsico is placed at the 53rd position, while the US State Department is at the fifth spot. These companies offer top pay and benefits in their industries, the best training programs, and the most significant opportunities for rapid advancement. |
| Source: 06-09-09 www.livemint.com Compiled by Amresh Anjan |
| 10,000 Seasonal Jobs At Asda In UK |
| UK supermarket chain Asda will create an extra 10,000 seasonal jobs for Christmas and the New Year. These jobs are in addition to 7,000 permanent positions that the company will create by the end of 2009. About 70% of the Asda seasonal hires are 18 to 24-year-olds. Another supermarket Tesco will create 6,000 temporary positions, in addition to offering permanent staff extra shifts. |
| Source: 10-09-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Bausch & Lomb To Eliminate 500 Jobs |
| Bausch & Lomb will slash around 500 jobs as it moves production from West Lothian in the UK. A 90-day consultation period with staff at its Livingston factory has already begun. The company plans to move the work to existing sites in Ireland and the US. |
| Source: 05-09-09 news.bbc.co.uk Compiled by Amresh Anjan |
| New CEO At Morgan Stanley |
| Morgan Stanley chief executive Mr John Mack, who is stepping down, will be replaced by retail brokerage head Mr James Gorman. Mr Mack will continue to be the chairman of Morgan Stanley. Mr Gorman will take over the CEO’s job and join the board of the bank wef January 1, next year. |
| Source: 12-09-09 www.telegraphindia.com Compiled by Amresh Anjan |
| Chiefs Appointed For Pvt Equity Team Of ICICI-V |
| ICICI Venture has appointed Mr Prashant Purker and Mr Parth Gandhi as presidents in its private equity team. These appointments take the total number of presidents to five. Mr Purker was earlier a managing director with Nomura India. Other than Mr Purker and Mr Gandhi, other presidents in the team are ICICI group veterans Mr Jayanta Banerjee, Mr Sumit Chandwani and Mr KS Jangbahadur. |
| Source: 05-09-09 www.dnaindia.com Compiled by Amresh Anjan |
| New CEO At Essar Steel |
| Mr Malay Mukherjee has been appointed the chief executive officer for the steel business of the diversified Essar Group. Mr Mukherjee would succeed Mr J Mehra, who would take up a new role in the Essar Group as Director. Until recently, Mr Mukherjee was a member of the Board of Directors of L N Mittal-owned Arcelor Mittal. |
| Source: 05-09-09 www.samaylive.com Compiled by Amresh Anjan |
| Kingfisher’s Sales Chief Quits |
| Kingfisher Airlines Ltd’s vice-president for global sales Mr Siva Ramachandran has resigned, just a few days before the carrier starts flights to new destinations in South-East Asia. His departure marks the company’s fourth top-management exit this year. As of now, Mr Vijay K. Arora, a long-time executive of the parent UB Group, is managing domestic sales. Earlier, Mr Vikram Malhotra quit as vice-president of marketing. In mid-June, vice-president Mr Ramki Sundaram left, followed by Mr D.D. Gandhi, vice-president of domestic and international operations. |
| Source: 07-09-09 www.livemint.com Compiled by Amresh Anjan |
| New Director Joins Advent India PE Advisors |
| Ms Shweta Jalan has joined Advent International, the global private equity firm, as a director at Advent India PE Advisors to support the development of company’s business in India. |
| Source: 11-09-09 www.thehindu.com Compiled by Amresh Anjan |
| Tata Elxsi Appoints Mr Ramadorai Chairman |
| Mr S. Ramadorai has been appointed chairman of Tata Elxsi, replacing Mr Syamal Gupta, who retired recently. Also, Mr Sujit Gupta has stepped down as a director of the company, due to ill-health. |
| Source: 08-09-09 www.thehindu.com Compiled by Amresh Anjan |
| Mr Man Jit Singh Appointed CEO At Multi Screen Media |
| Sony Pictures Television networks business in India, Multi Screen Media Private Limited (Multi Screen), has appointed Mr Man Jit Singh as chief executive officer. As CEO, his responsibilities include overseeing SPT’s channels portfolio in India, which includes Sony Entertainment Television (SET), SET MAX, SAB and SET PIX. He was serving as Multi Screen’s interim CEO since February 2009 following the exit of Mr Kunal Dasgupta. |
| Source: 08-09-09 www.exchange4media.com Compiled by Amresh Anjan |
| Mr Raj Kambhoj Appointed Director, Rural Activation At Big FM |
| Big FM, the radio initiative from Adlabs Films Ltd, has appointed Mr Raj Kambhoj as Director, Rural Activation. In this role, he will be spearheading the rural activation wing at Big FM. His primary area of focus will be to create rural activation properties and conceptualise events which will be amplified on radio. Mr Kambhoj has previously worked with Ogilvy Action (Outreach), Starcom XPanse Asia and Showtime Events Pvt Ltd. |
| Source: 08-09-09 www.exchange4media.com Compiled by Amresh Anjan |
| Mr Wasim Basir Quits Rediffusion Y&R |
| Mr Wasim Basir, group executive vice-president, Rediffusion Y&R, has resigned from the company. He will exit the agency at the end of September. Mr Basir had joined Rediffusion Y&R in July 2008 in Mumbai and was responsible for its key businesses, new initiatives and other various verticals of the agency. |
| Source: 11-09-09 www.exchange4media.com Compiled by Amresh Anjan |
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