Saturday, August 24, 2013

Filled Under: ,

Corporates cutting jobs to to save costs: Study

Faced with a tough economic scenario, corporates are cutting jobs and rationalising manpower to save on costs and the situation is likely to get worse in coming days, according to an Assocham study. 

"Alongwith the increasing number of corporates rushing to banks for debt restructuring, scores of them are also being forced to go in for manpower rationalising, reducing the headcount to save costs which they are unable to bear in the face of a difficult economic environment," according to the Assocham report on on Impact of Slowdown on Employment. 

The sad part is the situation is likely to become worse, rather than improve, in the weeks to come and the pain would only increase, it said. 

The companies resorting to rationalisation of manpower belong to sectors like infrastructure, gems and jewellery, educational solutions, realty, non-banking finance companies, especially in the gold-loan segment, media and public relations. 
Source: http://economictimes.indiatimes.com/news/news-by-industry/jobs/corporates-cutting-jobs-to-to-save-costs-study/articleshow/21939363.cms

1 comments:

  1. I am really happy to say it’s an interesting post to read . I learn new information from your article , you are doing a great job . dissertation writing service Keep it up

    ReplyDelete