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PAYCUTS
$10 mn pay-cut for Goldman Sachs CEO David Solomon over 1MDB scandalGoldman Sachs pleaded guilty in October over its role in the scandal, and agreed to pay nearly $3 billion to close US investigations.- Air India pilots warn of 'industrial action' over wage cutIn the letter, the unions said, "We do not accept this paltry five per cent rollback in illegal paycut and you may advise the concerned to ...
- Ajanta Orpat MD said no to layoffs, pay cuts during Covid crisis, feels employers need to be more humaneNevil Patel says that going back to work has been more relaxing for him than working from home.
- AI pilots' union writes to Puri over pay cut, flags ‘potential disastrous psychological impact'Moreover, more than 60 Air India pilots have tested COVID-19 positive till date, the Executive Pilots Association (EPA) told Civil Aviation...
- GVK Group cuts salaries up to 30 per cent from May amid coronavirus pandemicIn the last over two months, numerous companies from across sectors have resorted to layoffs, salary cuts, deferred payments and 'Leave Wit...
- Amid paycuts and layoffs, some companies chose to shield staff during the Covid stormTata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
- Covid impact: Tata's top deck to take up to 20% pay cut for the first time in group's historyChairman of Tata Sons and CEOs of all operating companies will take an estimated 20% cut in pay.
- IndiGo reinstates pay cut for senior employees from May“While we had paid employee salaries in full for the months of March and April, I am afraid that we are left with no option but to implemen...
- Fear of pay cut keeps long maternity leave a far-fetched dream for most womenWomen anticipate a pay cut on their return due to 'motherhood wage penalty'.
- 'One in four Indians can take pay cut to travel less for work'The sentiment of desiring a shorter commute was the highest in India amongst 11 countries globally, according to a professional networking ...
- Working in healthcare sector? Don't worry about pay cutHealthcare businesses in India are set to scale as significant foreign investments are being planned by large Indian MNC pharma majors, acc...
- Assam government issues notification to ensure normalcy during bandhAssam govt issued a notification to ensure normal functioning and attendance in all government offices and undertakings in the state .
- RBI wants paycut for private bankers on poor showThe draft regulations on compensation of private banks comes within days of the US Congress passing a major financial reform bill to discip...
- Move to India or lose your job, French firm tells workersA French textile firm has caused outrage by telling nine of its workers that they have the choice between the sack and redeploying to an In...
- Pay cut for Mynampati?Ram Mynampati, former interim CEO of tainted Satyam Computer Services, and his other senior colleagues may have to take a huge cut in their...
- Eating out loses flavour as recession singes pocketsMore and more people are preferring to cook and eat at home rather than having a bite outside as their pockets are no longer as weighty as ...
- Kingfisher cuts pilots' salaries by Rs 80,000Moving quietly, private air-carrier, Kingfisher Airlines, has effected a Rs 80,000 cut in the salaries of all its pilots. Top 10 scariest r...
- NACIL tightens purse-strings further with more cost-cuttingWith no equity infusion from the government in sight and the company posting losses to the tune of Rs 2,154 crore in FY'08, the National Av...
- Jet's Indian pilots firm that before pay-cuts, expats must goThe stalemate between Jet Airways management and its domestic pilots continues with the latter firm in their stand that the airline must fi...
- Teachers' strike rocks BritainNearly two lakh school teachers in Britain have halted work over a pay dispute shutting down over 4,100 schools and partially closing 4,000...
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