Job Loss

Pandemic ate into household savings in a big way in July-September 2020: RBI

The financial distress caused by pay cuts and job losses during the pandemic may have forced Indian households to dip into their savings and borrow more to meet expenses. 

published on : 20th March 2021

Two lakh garment workers lost jobs in Karnataka, many others stare at loss of income

Just when things had started looking up for garment workers, a possible second wave of the Covid-19 pandemic has brought back fears of income loss yet again.

published on : 19th March 2021

Loss of employment biggest concern of urban Indians: Survey

The WEF-Ipsos survey showed that at least two out of three Indians are deeply concerned about losing of income or employment in 2021.

published on : 23rd February 2021

Economic survey mum on job losses during lockdown, private investment

The Survey did speak about some labour reforms and interesting trends like flexi-staffing, but the approach remained superficial and it did not talk about lack of employment creation.

published on : 30th January 2021

A new project to create jobs in Covid-hit Kerala

The row of stalls on either side of the highways selling fish, vegetables, biryani and clothing is an indicator of the impact of the Covid-induced lockdown on the urban poor.

published on : 28th January 2021

UK unemployment hits 5.0% on coronavirus fallout

At 5.0 per cent, the figure is 1.2 percentage points higher than a year earlier, the ONS added.

published on : 26th January 2021

Job losses from virus four times as bad as 2009 financial crisis

The International Labor Organization estimated that the restrictions on businesses and public life destroyed 8.8% of all work hours around the world last year.

published on : 25th January 2021

Family of three ends lives in Rajapalayam

Janardhanaraja arrived with his family at his native Rajapalayam on Wednesday night and checked in at a lodge. The next night, the trio allegedly consumed poison.

published on : 16th January 2021

Managing finances in 2020: Heavy borrowing for some, increased saving for others

Rajesh, the only earning member in his family of four, faced a deep cut in his salary from July. While his expenses remained the same, this cut caused a huge dent.

published on : 31st December 2020

COVID-19, social exclusion equals slide into poverty for millions in informal sector

While the virus affected all classes, the economic fallout of the COVID-19 pandemic was particularly devastating for those in the informal sector.

published on : 26th December 2020

UK sees record number of job losses during three-month period

The Office for National Statistics said redundancies reached 370,000 in the August to October period, a record for a three-month period.

published on : 15th December 2020

Decision to cut ceiling for non-MBBS teachers sparks fear of job losses

The practice of such appointments, for teaching pre and para-clinical subjects started in the 1950s when not many doctors were pursuing PG in non-clinical specialties.

published on : 28th November 2020

46 per cent Indians borrowed to run households in COVID-19: Report

The report, based on a survey, showed that 46 per cent respondents borrowed money primarily to run their households.

published on : 3rd November 2020

Pizza Express to cut 1,300 more UK jobs on virus fallout

It is on top of 1,100 layoffs the company announced in August alongside the closure of tens of restaurants. 

published on : 29th October 2020

Competition for jobs in India spiked 30 per cent since 2019: LinkedIn data

LinkedIn said in a statement its data also shows that professionals from Recreation & Travel, Retail, and Corporate Services are more likely to look for jobs outside their current industry.

published on : 29th October 2020
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