Recession jolts Gulf, Indians head home

Recession jolts Gulf, Indians head home

Though authorities say the situation at the moment is not alarming, if the steady trickle of Gulf returnees turns into a tide, India could face a major crisis.

Go or get trained with nominal salary, Mastek to staff

Mumbai-based IT firm Mastek has given 425 employees the option to resign or stay with the company and receive training.

HUL moves towards higher variable salary structure

The company is now significantly increasing the proportion of variable pay in the overall compensation structure.
Tata group's top executives may get 15% salary cut

The extent of salary cuts will depend on how severely individual group companies are affected by the downturn.

Microsoft: Layoffs for some, visas for others.

The software giant that has pushed for more H-1B visas faces tough questions as it lays off 5,000.
Rising layoffs: 9,000 job vanishing every day

As financial turmoil continues to rattle world economies, layoffs so far this year have crossed the 2,77,000 -mark.
IITs brace for long placement season in 2009

Some of the brightest minds will have to sweat it out right through summer and might just have to quietly take what’s on offer. The engineers who opt for BPO work will be compensated as originally promised for their software services roles.

One lakh travel agents may lose jobs in New Year

Over one lakh travel agents could lose their jobs in the New Year if the problem related to fees on ticket sales is not solved soon.

Parsvnath cuts mid, top-level staff salaries

Realty firm Parsvnath Developers Ltd has cut salaries of its employees in top and middle level management by up to 20% amid slowdown in real estate sector.