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G4S India to hire 20,000 people this year
At a time when most industries are laying off workers to tide over the economic slowdown, security solutions major G4S will hire 18,000-20,000 people for its India operations in the current fiscal. "We have been growing at about 30 per cent in the Indian market. Looking at this, we would expect to hire 18,000-20,000 people in this fiscal (January-December 2009)," G4S Regional President (North Africa, Middle East and Southern Asia) David I Hudson told PTI here. This addition will take the t...Submitted by Kushagr | Rated +1
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Nano goes to Europe, Tata hires Ferrari`s designers
As I file this report, the Tata press conference at the Geneva Motor Show is yet to happen. But it is nevertheless fun to hang around the two Tata Nano Europa models on display. The name Europa is already taken by Lotus and it was indeed a bit perplexing to see the Nanos wearing the title. Journalists from various nationalities poked, pushed and pulled at the Nano Europa that was on static display. “I have no option but to lock the car and keep it locked till the press conference,” said ...Submitted by Kushagr | Rated 0
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YES BANK - Bullish on growth, hiring in FY10
Despite the current economic slowdown, new age private banker Yes Bank remains optimistic about its growth plans and hiring in the next financial year. “Subject to the Reserve Bank of India (RBI) approval we will be opening new branches all across the country during financial year 2010,” Ravi Shankar, country head (cash management & direct banking) of Yes Bank, told Business Standard without divulging the exact number of branches. The 117 branch-strong bank has about 30 per cent of its...Submitted by Kushagr | Rated +1
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74 per cent Saudi firms may freeze recruitment
As many as three out of every four Saudi Arabian companies expect to freeze hiring over the next two quarters because of a slowdown in the world`s top oil exporter`s economy, a bank survey has said. "As the slowdown in the economy is unfolding we are not surprised with 74 per cent of the respondents who expect over the next two quarters to institute a hiring freeze," a report by SABB, HSBC`s Saudi affiliate, said in a quarterly survey of 765 companies. "It is evident that the labour market i...Submitted by Kushagr | Rated 0
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L&T to recruit 10,000 in three years
Engineering and construction major L&T would recruit nearly 10,000 people over the next three years for executing its various projects, sources in the company said on Friday. The new work force would be deployed for projects like mono rail, power reactors and turbines, they said. Of these, 5,000 would be recruited for the USD 7- billion group`s power equipment manufacturing facility and other units at Hazira, Gujarat, the sources said. L&T plans to invest Rs 4,500 crore in Hazira, wh...Submitted by Kushagr | Rated 0
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74% Saudi firms may freeze recruitment
As many as three out of every four Saudi Arabian companies expect to freeze hiring over the next two quarters because of a slowdown in the world`s top oil exporter`s economy, a bank survey has said. "As the slowdown in the economy is unfolding we are not surprised with 74 per cent of the respondents who expect over the next two quarters to institute a hiring freeze," a report by SABB, HSBC`s Saudi affiliate, said in a quarterly survey of 765 companies. "It is evident that the labour market...Submitted by Kushagr | Rated 0
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Moser Baer PV to expand overseas presence; hire 400 people
Bullish on the solar power market, Moser Baer India plans to hire 400 people for its photovoltaic arm as it expands its footprint in the European markets and forays into the United States. "We are looking at expanding our presence in the European market and are looking at Czechoslovakia, Bulgaria and France in the next fiscal. Apart from the European market, we also plan to enter the US market," Moser Baer Photovoltaic (MBPV) Chief Executive Officer Rajiv Arya said....Submitted by Kushagr | Rated 0
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StanChart to hire 2,000 professionals in 2009
Global Banking giant, Standard Chartered on Sunday said it has no plans to freeze hiring in India despite the challenging market conditions and would recruit around 2,000 professionals this year. StanChart had recruited 4,000 people in the last calendar year but has decided to scale down fresh recruitments in the face of financial downturn that has hit its operations globally, StanChart Human Resources Regional Head Madhavi Lall told PTI here....Submitted by Kushagr | Rated 0
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Syntel looks to lay off employees
Nasdaq-listed IT services and knowledge process outsourcing (KPO) firm Syntel has begun retrenching employees from its centres in Chennai, Mumbai, Pune and the US. While the exact number of employees being asked to quit could not be confirmed, sources said close to 1,000 employees were tipped to go. Syntel has around 11,000 employees in India. "Close to 100 employees, with a pay package ranging between Rs 50 lakh and Rs 1 crore annually, have already been asked to leave," said sources affecte...Submitted by Kushagr | Rated +1
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IT rush in Middle East banks
Financial techie types can cash in on Middle Eastern banks’ focus on security. Middle East and North Africa Financial Action Task Force predicts banks and financial institutions in the region are set to spend $2bn on IT this year and next – mainly centred on risk management to guard against fraud and money laundering. Job opportunities on the development side are unlikely to be plentiful, as most financial firms take over the counter solutions from firms like SAS, SunGard, Algorithmics...Submitted by Kushagr | Rated 0
