Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi    </title>
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-The Indian Express

The Indian Express 
points to spreading employment distress in a market where fresh hiring 
opportunities are increasingly limited.

TEXTILE to capital 
goods, banking to I-T, start-ups to energy, the economy&rsquo;s downward 
spiral is leaving a trail of job losses..."/>
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-The Indian Express

The Indian Express 
points to spreading employment distress in a market where fresh hiring 
opportunities are increasingly limited.

TEXTILE to capital 
goods, banking to I-T, start-ups to energy, the economy&rsquo;s downward 
spiral is leaving a trail of job losses..." />
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    <h1 class="cat-box-title">From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited.<br /></em><br />TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy&rsquo;s downward spiral is leaving a trail of job losses across both old and new economy sectors.<br /><br />In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited.<br /><br />Consider:<br /><br />*In the textiles sector, in the last three financial years, 67 units arereported to have closed down across the country, impacting over 17,600 workers &mdash; this is as per official Union Textile Ministry data restrictedto just the organised segment of the cotton and man-made fibre textile mills. This excludes the small scale industries (SSI) section of the textile value chain where shutdowns and job losses are reported to be far higher.<br /><br />* Capital goods major major Larsen &amp; Toubro (L&amp;T) laid off about 14,000 employees across businesses during the first two quarters of the fiscal ended March 31, 2017, terming it a &ldquo;strategic decision.&rdquo;<br /><br />* During the first quarter of this fiscal, three of the five biggest IT companies that together employed 878,913 people at the end of the June quarter, saw their workforce shrink by over 1800 people. TCS saw its workforce decline by 1,414 people, InfosysLtd saw a net decline of 1,811 while Tech Mahindra Ltd, reported that its workforce shrunk by 1,713 people. The numbers would have been worse but for Wipro Ltd and HCL Technologies Ltd which reported net additions to their workforce.<br /><br />* HDFC Bank&rsquo;s total employee headcount came down by 6,096 during the January-March 2017 period &ndash; from 90,421 to 84,325. In the preceding October-December 2016 quarter, the headcount was down by 4,581. Other private sector banks are also reported to be cutting down on staff strength.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/" title="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/" class="re" target="_blank">The Indian Express, 3 October, 2017, http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/</a><div class="clear"></div>
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The Indian Express 
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    <h1 class="cat-box-title">From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited.<br /></em><br />TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy&rsquo;s downward spiral is leaving a trail of job losses across both old and new economy sectors.<br /><br />In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited.<br /><br />Consider:<br /><br />*In the textiles sector, in the last three financial years, 67 units arereported to have closed down across the country, impacting over 17,600 workers &mdash; this is as per official Union Textile Ministry data restrictedto just the organised segment of the cotton and man-made fibre textile mills. This excludes the small scale industries (SSI) section of the textile value chain where shutdowns and job losses are reported to be far higher.<br /><br />* Capital goods major major Larsen &amp; Toubro (L&amp;T) laid off about 14,000 employees across businesses during the first two quarters of the fiscal ended March 31, 2017, terming it a &ldquo;strategic decision.&rdquo;<br /><br />* During the first quarter of this fiscal, three of the five biggest IT companies that together employed 878,913 people at the end of the June quarter, saw their workforce shrink by over 1800 people. TCS saw its workforce decline by 1,414 people, InfosysLtd saw a net decline of 1,811 while Tech Mahindra Ltd, reported that its workforce shrunk by 1,713 people. The numbers would have been worse but for Wipro Ltd and HCL Technologies Ltd which reported net additions to their workforce.<br /><br />* HDFC Bank&rsquo;s total employee headcount came down by 6,096 during the January-March 2017 period &ndash; from 90,421 to 84,325. In the preceding October-December 2016 quarter, the headcount was down by 4,581. Other private sector banks are also reported to be cutting down on staff strength.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/" title="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/">click here</a> to read more. <br /></div>                                                           
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-The Indian Express

The Indian Express 
points to spreading employment distress in a market where fresh hiring 
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spiral is leaving a trail of job losses..."/>
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-The Indian Express

The Indian Express 
points to spreading employment distress in a market where fresh hiring 
opportunities are increasingly limited.

TEXTILE to capital 
goods, banking to I-T, start-ups to energy, the economy&rsquo;s downward 
spiral is leaving a trail of job losses..." />
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    <h1 class="cat-box-title">From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited.<br /></em><br />TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy&rsquo;s downward spiral is leaving a trail of job losses across both old and new economy sectors.<br /><br />In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited.<br /><br />Consider:<br /><br />*In the textiles sector, in the last three financial years, 67 units arereported to have closed down across the country, impacting over 17,600 workers &mdash; this is as per official Union Textile Ministry data restrictedto just the organised segment of the cotton and man-made fibre textile mills. This excludes the small scale industries (SSI) section of the textile value chain where shutdowns and job losses are reported to be far higher.<br /><br />* Capital goods major major Larsen &amp; Toubro (L&amp;T) laid off about 14,000 employees across businesses during the first two quarters of the fiscal ended March 31, 2017, terming it a &ldquo;strategic decision.&rdquo;<br /><br />* During the first quarter of this fiscal, three of the five biggest IT companies that together employed 878,913 people at the end of the June quarter, saw their workforce shrink by over 1800 people. TCS saw its workforce decline by 1,414 people, InfosysLtd saw a net decline of 1,811 while Tech Mahindra Ltd, reported that its workforce shrunk by 1,713 people. The numbers would have been worse but for Wipro Ltd and HCL Technologies Ltd which reported net additions to their workforce.<br /><br />* HDFC Bank&rsquo;s total employee headcount came down by 6,096 during the January-March 2017 period &ndash; from 90,421 to 84,325. In the preceding October-December 2016 quarter, the headcount was down by 4,581. Other private sector banks are also reported to be cutting down on staff strength.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/" title="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/" class="re" target="_blank">The Indian Express, 3 October, 2017, http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/</a><div class="clear"></div>
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From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi

Published on Oct 3, 2017   Modified on Oct 3, 2017

-The Indian Express The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy’s downward spiral is leaving a trail of job losses across both old and new economy sectors. In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. Consider: *In the textiles sector, in the last three financial years, 67 units arereported to have closed down across the country, impacting over 17,600 workers — this is as per official Union Textile Ministry data restrictedto just the organised segment of the cotton and man-made fibre textile mills. This excludes the small scale industries (SSI) section of the textile value chain where shutdowns and job losses are reported to be far higher. * Capital goods major major Larsen & Toubro (L&T) laid off about 14,000 employees across businesses during the first two quarters of the fiscal ended March 31, 2017, terming it a “strategic decision.” * During the first quarter of this fiscal, three of the five biggest IT companies that together employed 878,913 people at the end of the June quarter, saw their workforce shrink by over 1800 people. TCS saw its workforce decline by 1,414 people, InfosysLtd saw a net decline of 1,811 while Tech Mahindra Ltd, reported that its workforce shrunk by 1,713 people. The numbers would have been worse but for Wipro Ltd and HCL Technologies Ltd which reported net additions to their workforce. * HDFC Bank’s total employee headcount came down by 6,096 during the January-March 2017 period – from 90,421 to 84,325. In the preceding October-December 2016 quarter, the headcount was down by 4,581. Other private sector banks are also reported to be cutting down on staff strength. Please click here to read more.

The Indian Express, 3 October, 2017, http://indianexpress.com/article/business/economy/from-textiles-to-tech-wave-of-job-losses-hits-new-and-old-economy-4871829/

Tagged with: Job Creation Employment

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