Jobs

NEW DELHI: The job market is looking forward to a big boost from the new GST regime and expects over one lakh immediate new employment opportunities, including in specialised areas like taxation, accounting and data analysis.The historic tax reform, to be rolled out from July 1, is expected to help the formal job sector attain an annualised growth rate of 10-13 per cent and fuel demand for professionals in various segments of the economy, experts said.Indian Staffing Federation's President Rituparna Chakraborty said the GST (Goods and Services Tax) will make procurement and distribution of goods much faster while cash flow is expected to become more predictable and profitability should improve, too."All these and the transparency of compliance shall make working with unorganised players exponentially less attractive thereby pushing the country towards greater formalisation," she added."We are expecting an annualised growth to the tune of 10 -13 per cent in formal job creation on … [Read more...] about Job market eyes GST booster for over 1 lakh immediate openings

The retrenchment now threatens another small U.S. Airline. ExpressJet's survival was in doubt after United dropped its contract with ExpressJet and consolidated its United Express operations under affiliate CommutAir. United spokesman Charles Hobart said the change will take a number of months. … [Read more...] about British Airways warns of job loss, ExpressJet’s fate in doubt

Tata Steel's Dutch operations went on strike on Wednesday to protest against planned job cuts, the FNV union said.Ore-preparation workers laid down their tools at 2pm local time, forcing blast furnaces and other operations at the IJmuiden steelworks to halt."They want, among other things, the guarantee that there will be no redundancies," spokesman Roel Berghuis said in a statement.The Dutch unions say Tata is planning to cut 1,000 of 9,000 jobs in the Netherlands as part of a wider restructuring of its British-based European operations. Tata Europe says it does not plan forced redundancies.Read also Tata Steel to raise Rs 400 crore through NCDs … [Read more...] about Dutch Tata Steel employees strike over planned job cuts

The survey carried out between May 26 and June 17, assessed 4,311 firms across the country for the impact of the novel coronavirus private businesses. It said even though the government has relaxed the lockdown measures, a high degree of uncertainty in the expectations of firms regarding sales and employment would linger over the next six months. … [Read more...] about 42,000 Ghanaians lose jobs amid COVID-19: report

The bank now has to resume the programme as its profits fall and economic forecasts point to a challenging time ahead, Mr. Quinn said, adding that he has asked senior executives to look at ways the bank can cut costs in the second half of the year. … [Read more...] about HSBC to cut around 35,000 jobs