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Voluntary retirement plan in focus: BSNL layoffs to impact 18,000 to 19,000 employees

Voluntary retirement plan in focus: BSNL layoffs to impact 18,000 to 19,000 employees

Indian telecommunication company Bharat Sanchar Nigam Limited (BSNL) has proposed a fresh voluntary retirement plan VRS 2.0 and announced that it is going to reduce thousands of job positions to enhance its financial balance. The

Barclays layoffs: Leading UK-based bank announced restructuring efforts before Christmas holidays

Barclays layoffs: Leading UK-based bank announced restructuring efforts before Christmas holidays

Just before Christmas holidays this year, Barclays handed out pink slips instead of year-end bonuses, firing dozens of employees. The UK-based bank also added insult to injury by denying many fired employees their annual bonuses.

Suez Canal Revenues Drop Over 60% Over Regional Challenges

Suez Canal Revenues Drop Over 60% Over Regional Challenges

It reduced their revenues to below $1.3 billion in 2024 for the international route trade facilitation as compared to an average revenue of $3.65 billion they received in 2023 in Egypt they noted because of

BYD Refutes Claims of Poor Working Conditions at Brazil Factory Site

BYD Refutes Claims of Poor Working Conditions at Brazil Factory Site

The Chinese automotive firm, BYD has recently dismissed recent reports on extremely bad working conditions at construction site in Brazil for its new plant. It emerged when Brazilian prosecutors accused the company of forcing 163

Infosys Announces 90% Bonus Payouts for Q2 FY25

Infosys Announces 90% Bonus Payouts for Q2 FY25

For the second quarter (Q2) of FY25 qualifying employees of Infosys which is the second largest provider of IT services in India would get 90% of their performance incentives. The majority of the company's workforce

Over 160 Chinese Workers Rescued from Slave Like Conditions in Brazil

Over 160 Chinese Workers Rescued from Slave Like Conditions in Brazil

According to officials on Tuesday more than 160 Chinese laborers who were constructing an electric vehicle factory for the Chinese conglomerate BYD in Brazil were rescued from "slave-like conditions." In a statement released late Monday,

Global layoffs: Job seekers should carry these lessons into next year

Global layoffs: Job seekers should carry these lessons into next year

January 1, 2025, is just around the corner. Scores of people are going to carry fond memories of career progress into the next year. But for some other people, this year has been quite challenging,

Vietnam’s Sustained Economic Growth Progressed due to the Exports to Singapore

Vietnam’s Sustained Economic Growth Progressed due to the Exports to Singapore

Singapore’s Accounting and Corporate Regulatory Authority has unveiled its trading partnership with Vietnam in 2024 during January to November with the turnover of 28.6 billion SGD and Vietnam has become the 11th largest trading partner

Minimum Wage Hike Sparks Inflation and Rate Cut Speculations in Turkey

Minimum Wage Hike Sparks Inflation and Rate Cut Speculations in Turkey

The Turkish government has said that in 2025, the national minimum wage will be 22,104 lira ($627) a month higher than the current rate by 30%. The decision is intended to serve two purposes: restraint

Third world employees deserve less pay says entrepreneur labeling Indian workers “Disposable”

Third world employees deserve less pay says entrepreneur labeling Indian workers “Disposable”

With his remarks about global wage discrepancies, Franco Pereyra, co-founder and COO of Near, a platform that assists American companies in hiring remote Latin American talent has stirred up controversy online. In a LinkedIn article,