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Yamaha Motor India to layoff 200 employees as the company battles with low production at its plants Yamaha Motor India Group has planned to layoff about 200 employees across various divisions like production, procurement, sales, and marketing. According to the ETAuto report, Yamaha Motor is restructuring the production process at the Surajpur facility, Greater Noida […]
Nestlé Health Science to acquire IM HealthScien Nestlé Health Science, a unit of Swiss food major Nestlé announced on Tuesday that it has agreed to acquire the business of privately held IM HealthScience with its brands of IBgard, FDgard, Fiber Choice and REMfresh. Financial terms not disclosed. “The IMH products offer proven and trusted solutions for the […]
Boeing offers second volunteer layoff package with pay and benefits to employees Boeing Co confirmed on Monday, 17 August that it would offer employees a voluntary layoff package with pay and benefits for the second time this year, as the company battles a coronavirus-induced slowdown in global air travel. Earlier in May this year, Boeing had announced to layoff close to 7,000 employees as coronavirus […]
VMware, Inc. a software company to layoff 200 employees in India VMware, Inc., an American publicly traded software company has let go of nearly 200 employees in India as part of its latest workforce rebalancing plan to align its employees to its strategic objectives. According to TOI report, earlier in this year, VMware asked 200 of […]
ADM appoints Jennifer Weber as new Chief Human Resources Officer ADM, an American global food processing and commodities trading corporation, headquartered in Chicago has announced the appointment of Jennifer Weber as its new Chief Human Resources Officer, reporting to Chairman and CEO Juan Luciano. Weber comes to ADM from home improvement retail leader Lowe’s Companies, […]
Wipro completes acquisition of Brazilian IT firm IVIA Serviços for $22.4 mn Wipro on Saturday said it has completed the acquisition of Brazilian IT firm IT IVIA Serviços de lnformitica Ltda. In July, Wipro announced that it had signed an agreement to acquire IVIA for $22.4 million (about Rs 169 crore). IVIA is a provider of IT solutions including system […]
Oracle lays off developers in Commerce Cloud biz- Report San Francisco: Cloud major Oracle has reportedly laid off several developers who were part of its Commercial Cloud service owing to falling market share in that business vertical. A report in The Registrar cited “sources close to the development teams in Northern Ireland and Massachusetts, US” who confirmed a number […]
Tata Sons is likely to take over Air India by end of August 2020 The Tata Group is likely to make a formal bid to take over state-run Air India after months of considering acquiring the national carrier that has been put on the block by the central government. The airline was actually formed as […]
Affle To Acquire Strategic Stake In Bobble AI, A Conversation Media Platform Consumer intelligence platform Affle India, a global tech company recently announced that it plans to acquire 8.0% ownership in Bobble AI, a conversation media platform offering indigenous social keyboard with 10+ patents filed and significant investments from Xiaomi and SAIF Partners. As a part […]
Govt to relax soon eligibility rules for availing unemployment allowance under ESIC scheme The Ministry of Labour and Employment is likely to propose significant relaxation in the eligibility criteria for seeking unemployment benefits under the Employees’ State Insurance Corporation (ESIC) scheme. Also, the government is actively considering hiking the amount of benefits to 50 per […]
EPFO ensures hassle-free service delivery through UMANG during COVID-19 pandemic The Unified Mobile Application for New-age Governance (UMANG) has been a big hit among Employees’ Provident Fund Organisation (EPFO) subscribers enabling them to utilize services during COVID-19 pandemic from the comfort of their homes in a hassle-free manner. Presently a PF member can access 16 […]
