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VOLKSWAGEN INDIA LAYOFFS
Volkswagen to fire 12% of its India workforce amid major cost overhaulVolkswagen India is accelerating a three-year restructuring plan to cut jobs. The company aims to reduce its workforce by about twelve perc...- Germany is just making too much money in China to back away nowGerman companies are investing billions more in China, ignoring government warnings. Automakers and chemical giants are deepening ties. Thi...
- Long-term outlook good for IT services sector; Macquarie's Ravi Menon bullish on 5 large and midcap stocksRavi Menon from Macquarie expresses optimism for a strong run in the Indian IT sector, highlighting companies like TCS, HCL, Wipro, and LTI...
- Hyundai plans to discontinue sales of diesel sedans in IndiaSales of diesel vehicles in the passenger car segment, which comprises hatchbacks and sedans, currently stand at 1.4% (April-February FY23)...
- Many Indian brands put Twitter ads on hold on content worriesSam Balsara, chairman of diversified advertising, media and entertainment group Madison World, said: “Brands are being cautious, and some m...
- Twitter temporarily closes offices as layoffs beginThe move follows a week of uncertainty about the company's future under new owner Elon Musk.
- Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emai...
- FADA: Dealerships see 10% reduction in jobs with migrant workers leaving due to pandemicDemand is slowly returning to normalcy but there is a shortage of skilled labour in the market, said Vinkesh Gulati, who took charge as the...
- Lockdown, Day 64: Hopes high, spirits downIn other news, Sensex jumped 996 points led by massive gains in banking and IT stocks with Axis Bank leading the pack.
- India's automakers warn of up to 45% sales drop as economy slumps amid pandemicIndia's auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18% last fiscal year to 21.5 million vehi...
- Govt has to play a big role to ensure firms don’t go bankrupt: Apollo Tyres MDIndia has much to gain if govt can develop country as a global automobile hub, says Apollo Tyres MD. Kanwar said the business environment i...
- Volkswagen whistleblower says he erred in trusting GM, not circulating his CV after 2018 layoffsHemanth Kappanna's research exposed Volkswagen’s decade long conspiracy to lie about its diesel cars’ emissions.
- How to brush away the blues with retail therapy this DiwaliGDP growth has been slowing down for six quarters now. Fresh investments have plummeted CMIE data shows that projects worth Rs 13.22 lakh c...
- Ghosn aura fades as Renault loses ground to rivalsRenault shareholders are losing patience with chief executive officer Carlos Ghosn, who plans to revive profit at France’s second-biggest c...
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