HRD
Boeing strike ends as 59% workers vote for wage deal
06 Nov 2024
Boeing workers at the plane maker’s US West Coast facilities have voted in favour of a new contract that offers 38 per cent rise in wages over the next four years.
Boeing workers to vote on new negotiated wage deal
20 Oct 2024
US aircraft maker Boeing Co and the union representing its striking machinists have reached a tentative deal to end a month-long strike that halted all manufacturing activity at Boeing’s West Coast facilities.
US port workers call off strike after tentative wage deal with employers
04 Oct 2024
US port workers across the East Coast and the Gulf of Mexico called off their three-day strike on Thursday, following a tentative deal with the employers group
Boeing workers reject deal with management, opt for strike
13 Sep 2024
Boeing workers belonging to the International Association of Machinists and Aerospace Workers (IAM) struck work on Thursday, rejecting a four-year contract the company signed with the union.
Chevron to invest $1billion in Bengaluru tech centre
22 Aug 2024
US energy giant Chevron has announced plans to invest $1 billion (around Rs8,390 crore) to set up a center of excellence for engineering and innovation in Bengaluru.
Dell cuts nearly 6,000 jobs globally
27 Mar 2024
Dell Inc, a global provider of desk-top computers, laptops and related products and services, on Monday announced that it has reduce4d its workforce by 6,000 globally, as part of a cost-cutting effort.
Bank employees to get 17% wage hike, follow 5-day work week
09 Mar 2024
Employee unions of public sector banks and the Indian Banks' Association, the joint forum of stat-run banks, have reached an agreement under which employees will get a 17 per cent
SpiceJet to lay off 1,400 employees to cut costs
12 Feb 2024
Budget carrier SpiceJet will cut 15 per cent jobs, reducing its workforce by around 1,400 as part of its efforts to reduce operating costs and improve investor returns.
Tata Technologies to invest Rs1,500 cr in skilling centres in Telangana
20 Jan 2024
Tata Technologies has proposed to invest Rs1,500 crore (about $1.80 billion) to back government’s efforts for setting up skilling centres in Telangana, reports citing state government sources said on Thursday.
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Citigroup plans to cut 20,000 jobs globally by 2026
15 Jan 2024
US banking and financial services giant Citigroup is planning to lay off 20,000 of its workforce - roughly 8 per cent of its 239,000 global headcount by 2026, as part of a mega restructuring.
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Amazon to cut jobs in Prime Video and Studio Operations
11 Jan 2024
In a significant move, Amazon.com has announced plans to lay off several hundred employees in its streaming and studio operations.
Indian IT giants employ non-compete clauses in junior staff contracts
09 Jan 2024
In a recent development, major Indian IT companies, including TCS, Infosys, Wipro, HCLTech, and Tech Mahindra, have incorporated non-compete clauses into the contracts of junior employees, spanning from 6 to 12 months.
Disney secures support from activist investor ValueAct Capital
04 Jan 2024
In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.
SpaceX faces allegations of wrongful employee firings
04 Jan 2024
SpaceX, the renowned rocket and satellite manufacturer, has come under scrutiny as a U.S. labor agency accuses the company of unlawfully terminating eight employees.
Intel to lay off 235 more employees in US as it reworks strategy
23 Dec 2023
Computer chip maker Intel Corporation plans to lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as part of its ongoing efforts to cut costs.
Disney gears up for an an intense boardroom clash as activist Peltz eyes two seats
15 Dec 2023
In a significant development set to impact the entertainment giant Walt Disney, activist investor Nelson Peltz has nominated himself and former Disney Chief Financial Officer James “Jay” Rasulo for seats on the company’s board.
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Stephanie Pope is set to assume the role of Chief Operating Officer at Boeing
11 Dec 2023
Boeing is all set to appoint Stephanie Pope, a seasoned company veteran and current head of Boeing Global Services, as its Chief Operating Officer (COO).
Bank employees clinch 17% annual pay hike; push for 5-day week
10 Dec 2023
A consortium of bank employee unions and the Indian Banks Association (IBA) have reached a consensus on wage revision that provides for an annual increase of 17 per cent in salaries
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700 Washington Post employees walk out over contract and layoff concerns
07 Dec 2023
In an unprecedented move, approximately 700 employees of The Washington Post walked off the job for 24 hours on Thursday, 7 December, 2023.
The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit
28 Nov 2023
The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,
Strike breaks out as Gucci workers in Rome protest against relocation of creative office
28 Nov 2023
Gucci fashion house in Rome, Italy, saw an unprecedented strike by their employees on Monday, 27 November 2023. This strike was a result of the fashion giant’s decision to move its design house from Rome to Milan, Italy.
Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs
24 Nov 2023
Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.
In another shocking twist, OpenAI announces the re-hiring of Sam Altman as CEO
22 Nov 2023
OpenAI, the company that created the revolutionary ChatGPT, took to social media platform X to announce that they have agreed in principle to rehire Sam Altman as the CEO of the company.
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OpenAI investors consider legal action following CEO ousting and employee exodus
21 Nov 2023
In a startling turn of events, some investors in OpenAI, the renowned creator of ChatGPT, are contemplating legal action against the company's board.
Boeing announces departure of chief strategy officer in 2024 amid company restructuring
17 Nov 2023
Boeing’s chief strategy officer, Marc Allen, has decided to step down from his position by the end of this year.
Latest articles
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Featured articles
The remarkable Ratan Tata
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One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
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In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
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India’s Millet Revolution To Enrich Global Food Basket
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Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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