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Topic: job cuts
SBI's estimate that the govt and low-paying sectors would have fewer jobs is bad news considering the high unemployment rates and the economic slowdown.
The job cuts come as competition grows fiercer in the local retail market with Amazon stepping up investment and Mukesh Ambani preparing to roll out his e-commerce venture.
No job cuts, but Tamil Nadu’s firecracker factories reduce production and slash wages of workers; allied industries like packaging and transport also hit.
Ahead of Diwali, showrooms in Zaveri Bazaar are unusually quiet as thousands of artisans go back home to West Bengal due to job cuts.
Ministers Suresh Prabhu and Piyush Goyal quell fears about job cuts, say technology could create new opportunities.