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Marc Llistosella CEO-designate of Tata Motors will not join company Marc Llistosella who was named a...
Tatas-owned JLR takes to job cuts in India to achieve agility Tatas-owned Jaguar Land Rover JLR is...
Tata Motors-owned Jaguar Land Rover to cut , jobs globally Jaguar Land Rover owned by Tata Motor...
Tata Motors appoints Marc Llistosella as Chief Executive Officer and Managing Director Tata Motors on Friday said it has appointed Marc Llistosella as its Chief Executive Officer and Managing Director. He is the former President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia. Llistosella, whose appointment will be […]
Capgemini appoints Sarita Tripathi as Vice President-HR Sarita Tripathi joins Capgemini, a French multinational corporation that provides consulting, technology, professional, and outsourcing services as Vice President-HR, effective Jan 2021. Prior to Capgemini, Sarita was working with Vodafone Idea as Head HR – Finance, Commercial, Regulatory, Legal & Transformation | Head Culture, D&I, Commns & EXX. […]
Tata Motors offers third VRS scheme in four years as cost restructuring exercise On Friday, 11 December, Tata Motors has offered a voluntary retirement scheme (VRS) to its 42,597 employees as part of a cost restructuring exercise. As per media reports, around half of the total employees are eligible for the VRS scheme. This year, […]
Tata Motors will not give increment, deducts variable pay for FY21 India’s largest automaker Tata Motors has informed its employees that there will be no annual increment for the ongoing financial year (FY21) and will also deduct variable pay performance-linked incentive by 25% as part of a cost improvement program to reduce cost and CAPEX spends. According to the […]
Tata Technologies puts less than 400 employees on the bench due to COVID-19 impact on business A global engineering & product development digital services company, Tata Technologies, has put some of its employees on the bench till 31 Dec 2020 due to COVID-19 impact on business. Tata Technologies spokesperson said, “fewer than 400 employees had been […]
The salary cuts at Tata Group, approximately 15-20 percent, only for senior roles, Vice President level and above Tata Sons and the group companies are exploring 15-20% salary cuts for the senior management to optimize costs as the coronavirus outbreak hits businesses across the group. The decision was taken at the Tata Sons’ board meeting […]
Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak. Tata Motors expects to save 5 billion pounds in costs by March 2021 at its […]
Tata Group top execs to take up to 20% salary cut in an effort to conserve cash For the first time in the Tata Group’s history, Tata Sons chairman N Chandrasekaran and Tata Group companies’ chief executive officers (CEOs) will take around a 20 percent compensation-cut in an effort to reduce the cost to tide over […]
Tata Motors on Wednesday said it has commenced operations at its Pantnagar (Uttarakhand) and Sanand (Gujarat) facilities after getting approvals from relevant government authorities. The other plants in Lucknow (Uttar Pradesh), Dharwad (Karnataka), Jamshedpur (Jharkhand) and Pune (Maharashtra) are in final stage of readiness and expect to begin production over the next few days, Tata […]
Amidst Coronavirus outbreak, India’s major automobile companies like Bajaj Auto, Ford Motor, TVS Motor, and Renault-Nissan, etc have announced the temporarily shut down of their manufacturing plants. Two-wheeler major TVS Motor Company in a statement said, “In view of COVID-19, and considering the safety and well being of its employees, the company as an interim […]
