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Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector
Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more
General Motors lays off over 1,000 software and services employees globally
The reduction primarily targets teams which oversees vehicle infotainment, OnStar services, and GM's Super Cruise advanced driver-assist system. Read more
Tamil Nadu faces skills gap amidst rising graduate numbers joining the workforce
The state government’s Naan Mudhalvan scheme, aimed at creating entry-level jobs, has been praised, though experts suggest expanding its scope and involving more firms. Read more
Global youth unemployment hits 15-year low of 13% in 2023: ILO
The rate is projected to decline further to 12.8% in the coming years.Read more
Indian labour market in worst condition since April-May 2020: CMIE
CMIE’s data about the Indian labour market states that the Indian labour market is in its worst condition since April-May 2020. The employment rate continues to worsen amidst the COVID-19 second wave.Read more