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Toyota to cut hiring to 7-year low
Toyota Motor Corp has decided to cut its hiring plans for the fiscal year beginning next month to reduce costs amid slumping global sales, media reported. The Japanese business daily reported on its Web site that Toyota planned to recruit about 1,800 full-time employees for fiscal 2009, one-half the level of the current fiscal year. That would mark the first time the world`s largest automaker has hired fewer than 2,000 full-time employees in seven years, media reported. Honda Motor Co an...Submitted by Kushagr | Rated 0
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UBS cutting 5,000 management jobs: Report
Switzerland`s biggest bank UBS plans to cut up to 5,000 senior and management jobs in the next few weeks, a Swiss weekly said on Sunday. It said up to 2,500 management positions could go in UBS`s dominant and profitable wealth management division, which accounts for 50,000 of the bank`s total 77,000 staff. A UBS spokesman declined to comment on the report. Last week UBS said it was restructuring its Swiss business structure into four regions from eight, and trimming its top management...Submitted by Kushagr | Rated 0
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Samsung to recruit 5,500 graduates amid crisis
Samsung Group, South Korea`s largest conglomerate, on Wednesday announced plans to hire 5,500 college graduates this year despite the global economic downturn. The company originally planned to recruit 4,000 full-time employees this year, compared with 7,500 last year. "But this was revised upward to 5,500 in order to give greater opportunities to recent college graduates," it said in a statement, adding its affiliates would also recruit 2,000 interns. But the conglomerate has not se...Submitted by Kushagr | Rated +1
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United Technologies to slash 11,600 jobs
Diversified entity United Technologies Corp today said it will reduce the headcount by 11,600 employees as part of its restructuring efforts. The company offers a broad range of high technology products and support services to the building systems and aerospace industries. United Technologies today announced a $600 million worth additional restructuring actions and now expects total charges related to restructuring to be $750 million this year. "These actions will result in global emplo...Submitted by Kushagr | Rated +1
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IDBI to hire 2,000 officers in 6 months
The state-owned IDBI Bank is in the process of recruiting 2,000 supervisory officers in the next six months to support the expansion of its branch network, said chairman and managing director Yogesh Agarwal. “We have already obtained licence from the Reserve Bank of India to add 200 branches by March 2009. However, the expansion was delayed for want of staff. We should be opening the new branches, which will take the tally to 700, by May this year,” he said....Submitted by Kushagr | Rated 0
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TCS may cut 1,300 jobs
The story of gloom and doom just doesn`t seem to end. IT major Tata Consultancy Services [Get Quote] is all set to cut about 1,300 jobs over the next few months, according to an Economic Times report. The figure constitutes less than one per cent of the company`s 130,000-strong workforce. According to the report, a TCS spokesperson reasoned that these employees had failed to meet performance standards. In TCS`s development centres in Chennai, more than 200 jobs have already been axed in th...Submitted by Kushagr | Rated 0
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Infosys opts out of Campus Recruitment
Infosys Technologies will delay its visit to campuses for recruitment this year. The software major normally starts the recruitment process during April or May. Infosys Chief Executive Officer and Managing Director S Gopalakrishnan said today that the company might consider taking some people towards the end of the second quarter of the financial year 2009-10. The company has put a freeze on fresh recruitments after meeting this financial year’s target of hiring 25,000 people, but has sa...Submitted by Kushagr | Rated +1
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Hiring in IT-BPO to pick up from April: Nasscom
Industry body says that the sector will be a net hirer though ‘performance-based’ separations will continue to take place. The information technology sector, one of the services segments badly hit by the current economic downturn, has seen an almost 45 per cent dip in hiring compared with last year. Yet, the industry remains bullish and expects the situation to improve in the first quarter (April-June) of financial year 2009-10. Software industry body Nasscom has maintained that the se...Submitted by Kushagr | Rated +1
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TCS likely to lay off 1,300 staffers
Chennai: India`s IT major Tata Consultancy Services (TCS) will lay off around 1,300 employees - less than a percent of its global workforce- over the next few months, as these employees failed to meet performance standards, a company spokesperson said. The company has a total headcount of around 1.3 lakh. Lay-offs have started at the company`s development centers in Chennai, where over 200 employees have been asked to leave in the last fortnight, said TCS employees on condition of anonymity,...Submitted by Sasmita | Rated 0
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Jaiprakash Associates to hire 2,000 this year
Construction and cement firm Jaiprakash Associates will hire 2,000 people in 2009 for its ongoing expansion projects, said executive chairman Manoj Gaur. He also said that the company plans to give performance bonus and salary hikes to its existing employees this year. “Our manpower requirements are going to increase this year, as more cement plants are commissioned and construction on power plants and expressways progresses,” said Mr Gaur....Submitted by Kushagr | Rated +2
