News Muncher - category jobs crisis

7 months, 2 weeks ago

Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis

Paytm layoffs: Paytm parent company One97 Communications may cut jobs to reduce its employee costs this fiscal year, it was reported. The company may cut around 15-20 per cent of its workforce, Financial Express reported. Paytm layoffs: Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, How many employees does One97 Communications have? The company's revenue from …

Paytm Vijay Shekhar Sharma One97 Communications Paytm Layoffs

2 years, 4 months ago

Cost-of-living crisis: Wages plunge at record rate of 3% as bills soar

The Independent

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Pay Wages Real Cent Rate Real Wages Ons

2 years, 6 months ago

WA aircraft engineer jobs go unfilled as crisis looms for aviation sector

ABC

Regional airlines in Australia's aviation-reliant north west are feeling the pinch of a critical shortage of engineers, with an industry figure saying it's a "looming crisis". Key points: Regional airlines are struggling to find engineers to service their aircraft Shortage could be a disaster for smaller aviation operators relied on in many parts of Western Australia The regional airlines association …

Aviation Engineering Industry Airlines Campbell Going Engineers

2 years, 11 months ago

Ovo Energy set to slash 1,700 jobs as crisis escalates

The Telegraph

Ovo is expected to cut a quarter of its workforce as part of cost-saving measures to cope with the energy crisis. Ovo Energy will slash 1,700 out of 6,200 roles, Sky News reported, as well as closing sites to focus on three locations in London, Bristol and Glasgow. The Unite union said it warned in 2020 that Ovo was taking …

Ovo Sse Unite Union Bulb

3 years ago

Unions warn of jobs crisis without Government financial support

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sharon Graham leader of the Unite union, said: “The …

Government Support Eurostar Workers Union Crisis Omicron

4 years ago

Jobs crisis could trigger furlough extension, economists warn

The Telegraph

Philip Shaw, chief economist at investment bank Investec, said further measures will depend on the path of the virus. That is a non-Covid event but one that could disrupt the economy in such a way to persuade the Chancellor to extend.” The Office for Budget Responsibility watchdog has put the cost of extending the furlough until March at £22bn, on …

Ons Jobs Crisis Extension Economist

4 years, 5 months ago

Freelancing sites thrive at the times of covid crisis

Live Mint

With millions of Americans unemployed, and full-time positions scarce, there’s a massive rush to freelancer sites -- one that could result in everyone getting paid less. “This type of economic depression, coupled with a lack of a social safety net -- that is going to mean that more and more workers will be flooding the market and willing to take …

4 years, 6 months ago

Kai-Fu Lee on how covid spurs China’s great robotic leap forward

The Economist

By Kai-Fu Lee DURING THE SARS crisis almost 20 years ago, shops in Beijing were completely closed. Amid the covid-19 crisis, JD.com managed a 20% spike in sales with the help of a new, automated warehouse that can process more than 1.5m orders a day. The Chinese economy is undergoing a great robotic leap forward, as it removes human touch-points—literally—in …

China Automation

4 years, 8 months ago

Coronavirus pandemic likely to hit 29 lakh jobs in Indian aviation, dependent sectors; Rs 85,000-cr revenue loss : IATA

Firstpost

The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, global airlines’ grouping IATA said on Friday New Delhi: The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, global airlines’ grouping IATA said on Friday. About India, IATA said the pandemic …

India Aviation Impact Jobs Airlines Indian Covid

4 years, 9 months ago

Coronavirus pandemic: DFB admits job security of 250,000 employees is threatened after suspension of German football