| Naukri JobSpeak: Hiring Slows Down By 3.6% In August |
| According to Naukri JobSpeak, the monthly job index, August saw a positive movement in hiring in Banking and Insurance industries even as the overall Job Index saw a dip of 3.6 per cent in Aug `09 as against Jul `09. However, on the three month moving average, the index rose up by 1.7 per cent indicating overall positive hiring sentiment in the market. Job Index, at 701 in August, was 3.6% down as compared to 727 in July ’09. Banking & Financial Services and Insurance saw an increase in the index by 11% and 23% respectively. Bangalore saw a marginal increase in hiring activity, while Mumbai remained stable. Delhi, Chennai, Hyderabad and Pune saw slackened hiring. IT Industry saw a marginal decline in hiring. Read the report in detail |
| Source: 15-09-09 Naukri.com Compiled by Amresh Anjan |
| HCL Is The Best IT Employer: Survey |
| According to the "Best Employers Survey 2009" by Dataquest magazine and International Data Corp, HCL Infosystems is the best employer in the Indian information technology industry, followed by iGate, Rolta, RMSI and SAS Institute. HCL rose two positions from last year, while iGate slipped one notch to number two. The survey covered 200 IT companies in India. There were seven new entrants in the top 20. The survey also revealed that there was a 15 per cent drop in the attrition rates from 18 per cent last year. The average salary hikes also declined to a mere 1.4 per cent. |
| Source: 13-09-09 www.ibnlive.com Compiled by Amresh Anjan |
| Pay Enhanced For IIT, IIM Faculty At Entry Level |
| The Ministry of Human Resource Development has enhanced compensation of teachers at the entry level in IITs and IIMs. The revised notification from the ministry was issued after IIT teachers went on a mass casual leave last month to protest the Union government’s notification on their salary structure. As per the new structure, all the posts of lecturers-cum post-doctoral fellows have been re-designated as assistant professors to be filled up on contractual basis. The assistant professors in the IITs, Indian Institutes of Management (IIMs) and the Indian Institute of Science (IISc) will now move to a pay scale of Rs37,400-67,000 per month after completion of three years of service, with an academic grade pay of Rs9,000 per month, with designations remaining the same. |
| Source: 17-09-09 www.livemint.com Compiled by Amresh Anjan |
| Tech Mahindra Makes Pruned Salary Offers To Campus Hires |
| Tech Mahindra has made revised compensation offers to over 3,000 campus recruits waiting to join the erstwhile Satyam computer Services for more than a year. They have been offered the option of joining the company at pruned salary packages. The new salary package stands at Rs 1.7 lakh per annum, Rs 1.2 lakh less than what the campus recruits are supposed to get as per the company’s initial commitment. |
| Source: 16-09-09 www.moneycontrol.com Compiled by Amresh Anjan |
| Bonus Bonanza For Railway Employees |
| Government has announced productivity-linked bonus for around 13.05 lakh employees of the Railways. The bonus will be equivalent to 75 days of their wages for the financial year 2008-09. The decision will cost the ex-chequer around Rs 889 crore. The beneficiaries of the bonus would be non-gazetted employees of the railways and exclude the Railway Protection Force and R ailway Protection Special Force. |
| Source: 17-09-09 www.livemint.com Compiled by Amresh Anjan |
| 450 Vodafone Hutchison Jobs To Be Shifted To India, Tasmania |
| Vodafone Hutchison has decided to move a total of 450 call centre jobs from Melbourne to India and Tasmania. Three months ago, Vodafone Australia Ltd and Hutchison 3G Australia had formed a 50:50 joint venture. Vodafone Hutchison Australia had earlier flagged a total of 380 job cuts. |
| Source: 17-09-09 www.livemint.com Compiled by Amresh Anjan |
| 18.5% Bonus For Tata Steel Employees |
| Tata Steel has announced an 18.5 per cent annual bonus for the accounting year 2008-09 following negotiation between the company management and Tata workers’ union. An ex-gratia amount has also been announced for the arrears of wages/ salary (basic + DA) of wage revision during the period 01-01-2007 to 31-03-2008 at 8.33 per cent of arrears of wages/ salary (basic + DA ) paid/payable for the aforementioned period. This will bring the minimum and the maximum annual bonus payable to Rs21,486 and Rs1,00,845 respectively for employees in Jamshedpur. |
| Source: 16-09-09 www.dnaindia.com Compiled by Amresh Anjan |
| TCS To Hire 250 At A New Centre In Argentina |
| Tata Consultancy Services (TCS) is opening a new global delivery centre in Buenos Aires, Argentina. TCS will employ 250 professionals at this centre initially. The centre will provide consulting, advanced IT solutions, business process outsourcing services and IT product implementations. In addition, the centre will house the company’s first regional SAP centre of excellence. |
| Source: 17-09-09 www.thehindu.com Compiled by Amresh Anjan |
| StanChart To Recruit 2,000 People In India This Year |
| Standard Chartered Bank plans to recruit around 2,000 employees in India in the current financial year. Currently, it employs around 8,000 employees in the country. StanChart also plans to open an office of its KPO network -- Scope International-- in Bangalore by October. |
| Source: 14-09-09 www.rediff.com Compiled by Amresh Anjan |
| Patni Computer Allots ESOPs |
| Patni Computer Systems has allotted 101,900 equity shares of Rs 2 each to certain employees of the company. This includes 50,000 underlying equity shares of Rs 2 each with Bank of New York as a depository. |
| Source: 18-09-09 www.business-standard.com Compiled by Amresh Anjan |
| British Unemployment Rate At 13-Year High |
| According to the Office for National Statistics, the rate of unemployment in Britain hit a near 13-year high in July. The jobless rate rose 0.7 percentage points to 7.9% in the three months to July. As per the statistics, 210,000 people lost their jobs during the period, taking the total to a 14-year high of 2.47 million. The number of 16- to 24-year-olds out of work rose to 947,000 during the period, the highest since records began. |
| Source: 16-09-09 www.livemint.com Compiled by Amresh Anjan |
| Japan Airlines To Trim 6,800 Jobs |
| Japan Airlines (JAL) has decided to cut 6,800 jobs and suspend a number of overseas routes in a bid to cut costs. The company is looking to get an equity injection of about 30 billion yen ($328 million) from a rival airline. It is currently in talks with US rivals Delta Air Lines and American Airlines. JAL would now focus more on its domestic services. In addition to the job cuts, the company also wants to reduce pay and pension costs. |
| Source: 16-09-09 www.rediff.com Compiled by Amresh Anjan |
| Aeroflot Plans To Eliminate 2,000 Jobs |
| Russian airline Aeroflot plans to cut 2,000 jobs in the next six months. As the airline reels under plunging profits, it has warned that more job cuts could follow. The staff cuts amount to about 13% of Aeroflot's total workforce. |
| Source: 17-09-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Eli Lilly & Co To Axe 5,500 Jobs |
| The Indianapolis-based drugmaker Eli Lilly and Co plans to cut 5,500 jobs, or 13.5 percent of its workforce by 2011. The company is looking to cut annual costs by $1 billion by the end of 2011. It will shrink its workforce to 35,000, from its current strength of 40,500. |
| Source: 14-09-09 news.yahoo.com Compiled by Amresh Anjan |
| 1116 Jobs To Be Axed At BAE Systems In UK |
| Defence major BAE Systems is planning to axe over 1,100 jobs across plants in the UK and may shut down one of its facilities by the end of 2012. The Woodford site in Cheshire would be closed at the end of 2012 resulting in 630 job losses. 205 jobs would be lost at its Samlesbury facility in Lancashire, 170 jobs at Warton in Lancashire and 111 jobs would be slashed at Farnborough in Hampshire. |
| Source: 16-09-09 www.ptinews.com Compiled by Amresh Anjan |
| Mr Rothin Bhattacharyya Appointed CEO Of HCL Security Arm |
| HCL Security has appointed Mr Rothin Bhattacharyya as its chief executive officer (CEO). Prior to this, Mr Bhattacharyya has worked with firms like Siemens and KPMG. He has also been a member of the National Steering Committee on Information Technology. |
| Source: 15-09-09 www.sify.com Compiled by Amresh Anjan |
| Ms Vinita Bajoria Appointed As VP, Commercial At Titagarh Wagons |
| Titagarh Wagons has appointed Ms Vinita Bajoria as vice-president (Commercial) and Mr Saket Kandoi as senior executive. Also, Mr N K Mittal and Mr Subrata Paul have been appointed as directors of the company. |
| Source: 15-09-09 Business Standard Compiled by Amresh Anjan |
| Nielsen India Appoints Mr Sandeep Ranade As Director, Consumer Research |
| Consultancy firm The Nielsen India has appointed Mr Sandeep Ranade as Director, Client Solutions, Consumer Research. In this role, he will report to Mr Prasun Basu, Executive Director, Consumer Research. Prior to this assignment, Mr Ranade was associated with Heinz India as Senior Manager, Market Research & Media Planning. |
| Source: 14-09-09 www.business-standard.com Compiled by Amresh Anjan |
| Apollo Sindhoori Capital Appoints New COO |
| Apollo Sindhoori Capital Investments has appointed Mr Ravishankar Gopalan as its new Chief Operating Officer. In his role as COO, Mr. Gopalan will lead and provide direction to key business functions such as finance, funds, administration, secretarial, legal and compliance and human resources. |
| Source: 17-09-09 www.thehindu.com Compiled by Amresh Anjan |
| Citigroup Hires Mr Rodney Tsang |
| Citigroup has hired Mr Rodney Tsang as co-head of China investment banking. Prior to this, he had spent three years as a China investment banker at Bank of America Merrill Lynch. |
| Source: 18-09-09 Financial Express Compiled by Amresh Anjan |
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