The Madhya Pradesh High Court has clarified that the term ‘lower’ grade/post in Clause 39(1)(d) of LIC Staff Regulations includes punishment to the ‘lowest’/’minimum’ grade or post. The division bench, comprising Justices Sujoy Paul and Vivek Jain, held that the regulation makers did not intend to...
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Bloomberg: Have you suffered an “involuntary career event” recently? Perhaps you were a casualty of “corporate outplacing”, the unfortunate, yet ostensibly necessary result of your company “rightsizing”. Managers are running out of ways to say you no longer have a job. Layoffs in the first month of...
Budget carrier SpiceJet plans to lay off 1400 employees as part of manpower rationalisation and save about Rs 100 crore annually. The move, aimed at streamlining operations and slashing costs, comes amid ongoing legal battles and delays in fundraising, raising concerns about the airline’s future...
Ayub Ali has been appointed as Corporate HR – Head of Ramee Group of Hotels. Before this appointment, Ayub was associated with Aaverina Hospitality as Group HR and Training Head. On this development, Ali said, “I am convinced that nothing we do is more important than hiring the right...
The Employees’ State Insurance Corporation (ESIC) on Saturday decided to extend medical benefits to superannuated insured persons with relaxed norms. The decision was taken at the 193rd meeting of ESIC under the chairmanship of Union Minister Bhupender Yadav, a labour ministry statement said. The...
