Auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the slowdown in vehicle sales continues, the president of the country’s largest industry group for auto parts makers said.
Nissan Motor Co (7201.T) said on Thursday it would slash 12,500 jobs globally by 2022 and cut output to rein in costs as it suffers from sluggish sales and rising costs and tries to recover from a scandal surrounding ousted Chairman Carlos Ghosn.
Nissan Motor Co is planning to cut more than 10,000 jobs globally to help turn around its business, a source said on Wednesday, showing a tough road ahead for the automaker which is also reeling from the ouster of former Chairman Carlos Ghosn.
Corporate India is expected to witness a double-digit hike in salaries with a median increase of 10.95 per cent this year but the increment is likely to be moderate across key sectors, according to a report released on Tuesday.
The government Thursday admitted in the Rajya Sabha that there has been a data leak of unemployment figures and said efforts were being made to ascertain who was behind it.
Shrinking of unorganised sector is a "positive" indicator of development and the government will prepare a separate data on unorganised workers in India, Labour and Employment Minister Santosh Kumar Gangwar told the Rajya Sabha on Wednesday.
Rise in retirement age for most of India's working population from 60 years at present seems inevitable due to increase in life expectancy, according to the Economic Survey.
A new scheme is being worked out to encourage employment generation by small and medium enterprises in the country, with special focus on scheduled castes and tribals, the government told Rajya Sabha.
Amid chorus over lack of jobs, the government on Wednesday said over 6.84 lakh posts were vacant in different departments under it.