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Reuters 01:27 PM | November 05,2009
GM wants to slash costs by 30% at Opel, which would mean the elimination of about 10,000 jobs from a workforce of 55,000
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06:31 PM | November 03,2009
The pilots have been served 30-day notice stating that their services were not required at this stage.The contract of these pilots ended in October, and the airline has decided not to renew their services further
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PTI 01:56 PM | October 25,2009
In a presentation to the GoM on its restructuring and turnaround programme, AI CMD Arvind Jadhav said the carrier would reduce costs by about Rs3,000 crore and enhance revenues by Rs2,000 crore annually
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PTI 10:08 AM | October 01,2009
In an attempt to attract more passengers, the airline has planned to increase the number of seats offered on special fares
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Livemint.com 03:12 PM | September 30,2009
Mint correspondent, P.R. Sanjai gives a detailed analysis of the strike, the decision of Air India’s management to please the executive pilots and how the airline will now have to resort to a turnaround policy for other effective cost-cutting measures
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PTI 07:21 PM | August 29,2009
The government also plans to give a soft loan to the national carrier to counter the financial crunch
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PTI 01:34 PM | July 29,2009
The Public and Commercial Services Union, which represents civil servants, opposed the Council’s decision saying it was against Brown’s stated principle of “British jobs for British people”
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Bhanu Singh and Donie Lochan 08:27 PM | July 10,2009
Companies are increasingly using virtualization and cloud computing to reduce costs especially in the IT department to counter the slowdown
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Bibhudatta Pradhan and Vipin V. Nair / Bloomberg 10:36 PM | June 24,2009
Civil aviation minister Praful Patel says Air India will have to give a time-bound programme involving financial and manpower restructuring
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Reuters 05:06 PM | June 19,2009
The firm had earlier this month decided to defer the salary and incentives of all employees for June, by 15 days
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AFP 01:55 PM | June 18,2009
Under the deal agreed with British Airways, pilots will see their annual pay cut by 2.61%--worth around 2,000 pounds
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PTI 04:23 PM | May 24,2009
Satyam has already called back most of its onsite staff to avoid further costs and most of them may be asked to quit
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PTI 03:52 PM | April 27,2009
Nasscom estimates more than 22 lakh people were working in the Indian IT-BPO sector in FY09, while indirect job creation is estimated at about eight million
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Kirby Chien / Reuters 10:13 AM | April 21,2009
Despite the pressure on prices, TCS chief S Ramadorai said the company would try to avoid being drawn into a price war with competitors
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AP 09:26 AM | March 12,2009
The agreement reached between the union and company includes a wage freeze to September 2012, the elimination of an annual bonus and a reduction in paid time off, among other concessions
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