COMPULSORY REDUNDANCIES

Indian-owned Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source said Thursday, as the industry struggles to finance greener production of the metal. The company will on Friday confirm the closure of two blast furnaces at the Port Ta...

PricewaterhouseCoopers (PwC), one of the renowned "Big Four" accounting firms, has revealed its intention to reduce its workforce by approximately 600 jobs in the United Kingdom, as reported by a source on Tuesday.

Train operators, who are members of Aslef, plan to strike on Friday, September 1, potentially causing significant disruptions across the rail network.

Union Minister Jitendra Singh on Wednesday said there is no proposal under consideration to change the retirement age of central government employees. In a written reply to a question in Lok Sabha, Singh said 122 government officers have been given ...

The deaths of five people aboard the Titan submersible, along with its hefty price tag of $250,000 a person, emphasize the lack of safeguards when something goes wrong in the world of extreme travel. Innovations in technology have opened up the poss...

Recently, some Google employees addressed an open letter to CEO Sundar Pichai. In the letter, they have asked for a better course of action when it comes to these job cuts. The letter lists out five major things employees want the company to do. ​​T...

Network Rail recommends customers of certain lines avoid travel unless absolutely required until at least January 9.

Royal Mail has decided to cut around 10,000 jobs due to massive losses that it witnessed due to strikes, and the voluntary retirement plan of paying for two years is unaffordable. Presently, at least 6,000 people would lose their jobs in redundancy ...

The BBC, which marks its centenary next month, said its international services needed to make savings of £28.5 million ($31 million) as part of wider reductions of £500 million, which unions blamed on the UK government. In July the broadcaster detai...

A voluntary licence (VL) is an authorisation given by the patent holder to a generic company to produce a patented drug while a compulsory licence (CL) is granted by the Controller General of Patents without the consent of the patentee.

If India sets the ball rolling, it might help concentrate minds in the US and Europe and persuade their vaccine makers to follow Astra-Zeneca’s lead and refrain from making profits from their vaccines during the pandemic.

The oil major announced plans in June to lay off almost 15% its 70,000-strong workforce as part of Chief Executive Bernard Looney's plan to cut costs and "reinvent" the business for a low carbon future.

The aviation sector has been significantly impacted due to the travel restrictions imposed in India and other countries in view of the COVID-19 pandemic.

Air India issued an internal order on July 14, asking its departmental heads and regional directors to identify the employees, based on various factors such as efficiency, health and redundancy, who will be sent on a compulsory LWP for up to five ye...

Moreover, more than 60 Air India pilots have tested COVID-19 positive till date, the Executive Pilots Association (EPA) told Civil Aviation Minister Hardeep Singh Puri in a letter. Air India on Wednesday announced upto 50 per cent reduction in month...

"We are deeply ashamed to say that it seems that after praising our Air Indian Corona Warriors at grand functions, respectfully, the government has now turned a blind eye to this management's ethnic cleansing of Air Indians at the lower levels, thro...

The airline had issued an internal order on Tuesday asking its departmental heads and regional directors to identify employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory LWP for up to five years....

"As part of the agreement, the employment pact for employees in the Netherlands will be extended by five years and there will be no compulsory redundancies from the company’s transformation programme," an official statement said. These are the key a...

IPAB has postponed German company Bayer AG's appeal against the grant of a compulsory licence of its patented drug Nexavar to Natco Pharma to September 3