Tough Times Ahead for Telecom Employees; up to 30,000 Face Axe

EFI Daily News 3 rd November, 2017 ****************************************************************** Tough times ahead for telecom employees; up to 30,000 face axe Job losses arising out of consolidation in the telecom sector are likely to extend over the next year, with a range of positions across categories likely to be affected, placement firms said. Read https://economictimes.indiatimes.com/jobs/tough-times-ahead-for-telecom-employees-up-to-30000-face-axe/articleshow/61471290.cms

Headcount cut as companies rush to automate IT, 4 out of top 6 report decline Four out of top six Indian software services companies have reported a decline in their headcount in the September quarter. The companies are Infosys, Wipro, Cognizant and Tech Mahindra. The two outliers — Tata Consultancy Services and HCL Technologies have shown a very small increase in the numbers. Read https://economictimes.indiatimes.com/jobs/headcount-cut-as-companies-rush-to-automate-it-4-out-of-top-6-report- decline/articleshow/61474609.cms

Govt employees can monitor sexual harassment complaints online The SHe-Box also provides an opportunity to both the complainant and nodal administrative authority to monitor the progress of inquiry conducted by the Internal Complaints Committee (ICC). Read

EPF contributor base dwindles as Aadhaar linkage comes into effect Contributors to the Employees’ Provident Fund (EPF) have declined by two million after the government mandated the linking of Aadhaar with an employee’s PF account. According to an official the number of contributors was 46.4 million in July and 44 million in September. Read

Big companies not so big on job creation The average manpower growth at manufacturing companies included in the BSE 500 was 2.88% a year, with more additions at smaller companies. By contrast, smaller manufacturers, non- banking finance companies and flexi-staffing firms seem to have emerged as India’s biggest job creators. Read https://economictimes.indiatimes.com/jobs/big-companies-not-so-big-on-job-creation/articleshow/61473931.cms

Government hikes allowance for differently-abled kids of employees The education allowance for differently-abled children of central government employees has been increased from Rs 30,000 to Rs 54,000 annually, an official order said. Read https://economictimes.indiatimes.com/news/politics-and-nation/government-hikes-allowance-for-differently-abled-kids-of- employees/articleshow/61452878.cms

When people are financially invested, they want a return. When people are emotionally invested, they want to contribute Most of the damage we cause to the planet is the result of our own ignorance

The Daily News also available on EFI website The Employers’ Federation of India, 1703, World Trade Centre I, Cuffe Parade, Mumbai 400005. Tel : 022-22151726/22151747, Fax : 022-22151733, Email – [email protected]