You Searched For "voluntary separation package" and got 20 results
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3 mins read
Cognizant is reportedly planning to sack 400 in senior management — severance pay reduced to three months
This includes directors, vice presidents, senior directors, associate vice president and other m…
2 mins read
400 senior executives at Cognizant accept company's voluntary separation package
In May, the company had initiated a voluntary separation programme, offering up to nine months…
2 mins read
Cognizant begins ‘voluntary separation’ program for senior staff: Report
The packages are intended to save annual costs and help the company increase revenue. Under…
2 mins read
Tata Motors is the third biggie after BSNL and MTNL to dole out voluntary retirement package
Homegrown auto major Tata Motors is considering rolling out a voluntary retirement scheme (VRS) for…
5 mins read
Intel employees face 'setbacks' as the company slashes staff, pay, and perks
Intel employees faced pay cuts and layoffs, causing uproar over forfeited stock bonuses and shrinki…
Emma Cosgrove,Helen Li
2 mins read
Jeep-maker Stellantis is offering buyouts to some of its most senior employees — and blaming it on EVs
In the latest demonstration of how automakers are getting squeezed by the cost of developing EVs, J…
Alexa St. John
3 mins read
Why are so many flights being canceled? Aviation analysts say it's due to airlines' inability to plan amid a tight labor market.
The staff shortages ripping through the aviation industry are complicated, a union boss and two avi…
Stephen Jones
3 mins read
United workers are suing the airline for cutting their schedules to save cash, which unions say violates federal bailout terms
United is being sued by a union representing 27,000 of its workers after the airline reduced work w…
David Slotnick
5 mins read
Leaked memo reveals United Airlines will force administrative workers to take unpaid days off. The airline is even suggesting employees quit their jobs ahead of layoffs.
United Airlines said it'll require management and administrative workers to take 20 unpaid days off…
David Slotnick
2 mins read
Leaked memo reveals United Airlines may furlough up to one-third of its pilots as coronavirus continues to decimate travel demand
United Airlines may need to furlough up to 3,900 pilots due to the coronavirus outbreak, up from th…
David Slotnick
2 mins read
Delta expects to see an 80% decline in travelers over the 4th of July weekend, and it shows how abysmal things are right now in the airline industry
Delta expects 600,000 passengers over the July 4th weekend — an improvement over the coronavirus no…
David Slotnick
1 min read
Govt not planning to reduce retirement age in BSNL, MTNL to 50: Dhotre
New Delhi, Nov 28 () The government on Thursday said it is not planning to reduce retirement age of…
PTI
6 mins read
Boeing is scrambling to decide whether to take government bailout aid or go its own way to save cash, which could include mass layoffs
"When COVID-19 hit obviously things changed for the entire defense industrial base," Will Roper, as…
David Slotnick
2 mins read
Airlines saw a spike in passenger volume for the July 4th holiday weekend, but the numbers are still dismal for the industry
US airlines had their best weekend since March, but numbers remain far below normal, and new corona…
David Slotnick
1 min read
Cognizant hints at more job cuts while outgoing execs may take $25 million
Cognizant just reported its first quarter earnings of 2019, announcing a major ‘realignment program…
3 mins read
Wall Street is getting creative with how it schmoozes clients
The top finance stories for August 17, including the latest news real-estate woes and Mastercard po…
Dan DeFrancesco
2 mins read
Southwest CEO says airline is 'in intensive care' but isn't planning to lay off or furlough workers for now
Airlines have warned about furloughs and layoffs due to reduced air travel, but Southwest Airlines …
Connor Perrett
3 mins read
Cognizant is taking inspiration from TCS in trying to tame costs
But, that is not all. Addressing the Bernstein conference last week, Cognizant’s CFO Karen McLou…
1 min read
Is General Motors' Gujarat plant sell off to a Chinese car manufacturer another labour unrest in process?
1 min read
Ford's global job cut not to have a major impact in India
While offering voluntary packages for job cuts, the company said that it plans to reduce 10% of…