Australian financial and investment services company, Macquarie, has retrenched 25-30 employees last week.
Ranbaxy Laboratories is seeing some people movement with three senior executives leaving and its former HR head rejoining the company.
Employees at both the investment banking and back-office divisions of the company in India have been granted retention bonuses varying between 40-130% of their annual basic salaries.
Headhunters are having a tough time convincing potential candidates that even profitable US subsidiaries will be able to survive the credit crisis. ET 500 companies
Local subsidiaries of US MNCs, once at the top of the aspiration heap in the Indian job market, are suddenly the least-preferred lot. Dream job | Keep staff motivated
The financial crisis in the US may have impacted hiring across the financial services sector, but the search for top talent does not seem to have plummeted in India.
With higher growth prospects in India, there's a whole new generation of expats who are now moving from one company to another within India.
With higher growth in India, there’s a whole new generation of expats who are now moving from one company to another within India.
Scared of losing jobs, executives are now looking for safer pastures and planning to shift their base to growing economies like India.
Industry body CII will train around 50,000 people in the next one year under its various skills development programmes.
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