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Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to USD 2 billion dollars during the period.

Auto component industry turnover dips 10 per cent in Apr-Sep

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

6 Dec 2019 10:38 AM

A still from the show, The Ranch, which showcases how people deal with job loss.

Pink-slip blues?

According to recent reports, the country is facing one of the worst phases of recessions in the past decade.

20 Sept 2019 6:03 PM

Hyderabad: Park Hyatt Hotel , Banjara Hills. (Deccan Chronicle Photo)

Hyatt to lay off 1,300 employees as pandemic cripples travel

Hyatt said it had also cut pay for senior management, board members and all employees in corporate offices as part of a...

13 May 2020 3:31 AM

Indian house prices will fall for the first time in at least a decade in 2020. (AFP Photo)

House prices to fall in 2020 for first time in at least a decade: Poll

Several housing projects stalled as reverse migration of large swathes of construction workers out of major cities leads...

19 Jun 2020 9:02 AM

Swiss watchmakers expect fallout from the coronavirus pandemic will have a lasting impact on demand for watches. (AFP Photo)

Swiss watchmakers fear job cuts as sales hit by COVID-19 crisis

Swiss watch exports plunged 68% in May

18 Jun 2020 9:10 AM

German carrier Lufthansa said on Thursday it will slash 22,000 jobs. (ANI Photo)

Lufthansa to cut 22,000 jobs as travel demand dips on COVID-19 woes

Lufthansa said it will operate about 100 fewer aircraft after the crisis

12 Jun 2020 3:37 AM

A contract worker from the food, catering and events industry in France, left out of Covid-19 budget measures, put her sign in a coffin during a flash mob on Place de La Concorde in Paris Wednesday June 10, 2020, to call attention to the impact the sanitary crisis is having on their lives. (AP)

Contract workers stage flash-mob protest in Paris over job loss

France spent billions on temporary unemployment benefits but contract workers in the food and special events industry...

10 Jun 2020 2:41 PM

Auto component sector may see huge job losses if the automotive sector continues to face headwinds due to lack of demand amid coronavirus. (AFP Photo)

Huge job losses imminent in automotive sector if demand remains weak:...

ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to...

7 Jun 2020 9:15 AM

Indian labourers work at a construction site on a roadside in New Delhi. Indias 2018-19 jobless rate declines to 5.8%. (AFP Photo)

Unemployment rate falls to 5.8% in 2018-19, says government report

Economists and industry leaders say India's unemployment rate has substantially gone up after the over two-month long...

5 Jun 2020 4:46 AM

Britains Finance minister Rishi Sunak said that hundreds of thousands of people have already lost their jobs, and sadly in the coming months many more will. (AP Photo)

UK economy slips into recession with record 20.4% contraction, job...

Today's figures confirm that hard times are here, finance minister Rishi Sunak said

12 Aug 2020 10:58 AM

At least 98 online bartering groups, some with tens of thousands of members, are operating across the archipelago, according to an AFP tally. This photo taken on July 29, 2020 shows Lorraine Ann Imperio (L) carrying a bag of old milk bottles as she meets with Reniel Bariso to barter their goods in Las Pinas City, suburban Manila. (Photo | AFP - Maria Tan)

A Ralph Lauren jacket swapped for a bag of groceries: Jobs lost,...

Struggling for bare essentials, Filipinos are exchanging kitchen appliances, children's toys and designer handbags ...

2 Sept 2020 11:13 AM

PAC says tracking of pregnant women should be made mandatory.

Maternity Act may push 1 crore women out of jobs in FY 2019

Job losses of 11 to 18 lakh could occur in FY18-19, across 10 sectors.

27 Jun 2018 12:03 PM