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Job Cut
Opinion  /  Published 29.08.19

Sentiments do have real economic benefits

Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, d...
By Renu Kohli in

Business  /  Published 18.02.20

HSBC cuts headcount by 35,000 in deep overhaul

Europe’s biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to ...
By AP in London

Business  /  Published 29.05.20

Renault cuts 15,000 jobs

Renault on Friday acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button...
By Reuters in Paris

Business  /  Published 08.11.19

ArcelorMittal wants to cut 5,000 Italian jobs: PM Conte

Steel giant ArcelorMittal pulled out of an agreement to buy struggling Italian firm Ilva because of production concerns, Italy's Prime Minister has said, warning the company wants to cut 5,000 jobs at...
By PTI in Rome

Business  /  Published 07.07.19

Deutsche Bank to lay off 18000

Deutsche Bank plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender. The plan represents a major retreat from trading by Deut...
By Reuters in Frankfurt

Business  /  Published 01.06.20

Indian manufacturing output falls further in May: PMI

The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contractio...
By PTI in New Delhi

Business  /  Published 03.08.19

Maruti trims temporary staff

Maruti Suzuki India, India’s biggest auto maker, said it had cut a number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia’s third largest econ...
By Reuters in Manesar

Business  /  Published 19.11.19

Tata Steel confirms Europe job cuts

Tata Steel has confirmed job cuts of up to 3,000 across its European operations as part of a wider restructuring and cost-cutting strategy to counter stagnant steel demand in Europe and global overcap...
By PTI in London


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