Tag Archives: Industry News

2500 Contract Labour services regularized

Contract Labour engaged for years now have their services regularized by the Electricity Minister Arcot N. Veeraswamy. Around 2500 contract labour were regularized in four phases.

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LG Electronics pays upto 700% in Bonus

LG Lectronics pays bonus to its 4500+ employees 6 times in a year calculated on the business performance and individual performance and the total quantum of payment is in the range of 200% to 700% of the Basic pay.

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1000 $ ESOP’s for IBM Employees

1000$ stock is what almost 1.28 lakh employees working across the IBM offices in India are going to be given on June 16th on the event of IBM completing 100 years in business.

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HR Manager beaten to death by workers

In a bizarre incident that happened in Gaziabad, near Delhi a HR Manager of Allied Nippon Factory was brutally beaten up along with other senior HR officals of the company. The unfortunate HR Manager Mr. Joginder Singh, aged 45 was injured so badly that he succumbed to the injury and was pronounced dead the same [...]

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Forced retention

A few weeks back it was employers insisting on a 3 month notice period and now it is the carrot approach ….. the same companies are offering hike in salaries and incentives. Lower attrition rates would mean a more stable market but will it be a happy one? ……  it better be …. cause you [...]

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Salaries to touch new high: India Inc

The salaries in India are expected to touch a new high with 8-16% increase in 2011. It is expected to reach levels of what it used to be in the 2007 boom period.

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Yahoo lays-off to boost earning

Yahoo has laid off 600 employees to cut its workforce by 4%. This cut comes with curtains falling on some if its services. This they believe would boost earning. Financially it might, but they would end up with 96% of restless minds!!!

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Forbes lists India as best Country for new jobs

Does this mean a flux of other nationals in India. Well, it well mean that if we were to go with what Forbes has to say while it brushes aside China to the second place putting India on the top as the best country for new jobs next year with 42% hiring. This report is [...]

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4300 Railway employees under Vigilance scanner

The Vigilance department has brought 4300 of its employees under scanner for alleged involvement in corruption cases. With 13 lakh employees across 16 zones in India, this number look minuscule. Rs. 38 crore recoveries have already been undertaken …. now that is not minuscule !!!

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Unions allege exploitation at BPO’s

Unions allege women workers at BPO’s are given contraceptive powders mixed with food to prevent pregnancies or long maternity leave and therefore would save cost to the Management!!
These allegations came from none other than Communist Party of India MP and All-India Trade Union Congress (AITUC) general secretary Gurudas Dasgupta. He referred to such complaints coming [...]

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