Photo: Orissa Post
Unilever To Cut Thousands Of Jobs Worldwide In Over 100 Countries
According to reports, Unilever is set to announce thousands of job cuts in over 100 countries. The announcement came a week after Unilever failed to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds. The company announced a major initiative in January, to enhance greater agility and strengthen accountability. Unilever, employs nearly 150,000 people worldwide, including more than 6,000 factories.
Tags: World news, business, Unilever, job cuts, Job Crisis
Courtesy: Sky News
Photo : Economic Times
Volkswagen Retrenches 5,000 Jobs Till 2023 To Finance EV Segment
The German carmaker Volkswagen has announced to retrench around 5,000 employees, including 900 employees opting for early retirement, between now and the end of 2023. Citing cost-cutting to finance the electric vehicle segment, the automaker has plans to fill the vacant places later. The VW HR director Gunnar Killian said the company would continue practising strict cost management strategies for future investments. Earlier in 2019, VW had… read-more
Tags: Volkswagen, Covid-19, job cuts, jobs unemployment
Courtesy: Money Control
Photo: The Indian Express
BSNL Might Face Manpower Deficit; Lays Off 20,000 Contract Employees
According to a statement by the BSNL Employees' Union, the units have been directed to reduce costs on contracts and this could lead to the eviction of over 20,000 employees. The Union stated that 30,000 contract employees had already been removed. Earlier, through the VRS-2019 plan, 79,000 employees had retired and the union claims that the removal of the contract employees could worsen the situation and lead to a manpower deficit.
Tags: bsnl, employees, job cuts, Telecom
Courtesy: The Free Press Journal
Photo: CTV News
Coca-Cola to Lay Off Workers Across Globe Due to Covid-19-induced Losses
Beverage giant Coca-cola has decided to lay off its employees globally due to a decline in sales. The response came after a fall in demand for its products during Covid-19 pandemic. Reportedly, out of its 86,200 workers, around 4,000 will be offered "voluntary separation" in the North American regions and an undisclosed number in other countries. The company stated that it is also reducing its operating… read-more
Tags: COCA-COLA, job cuts, Covid-19
Courtesy: ANI News
