The country once had the world’s fastest-growing economy, but it has been battered by global and domestic forces. India’s troubles are a warning sign for other developing countries.
Tag: Layoffs and Job Reductions
Deutsche Bank Scales Back Ambitions, Announcing Job Cuts and Reorganization
The bank that once symbolized German economic prowess is effectively abandoning hope of playing in the same league as Wall Street banks, and struggling to remain relevant.
Ford to Cut 12,000 Jobs in Europe
The automaker said it would close plants across the region, leading to job losses for more than 18 percent of its work force.
Britain’s big squeeze: ‘This Is All We Can Afford’: Shrinking Lives in the English Countryside
In Cumbria, a bucolic landscape masks growing poverty and isolation. As bus lines are cut and services dry up under austerity, older people are feeling new constraints.
China Dispatch: For Chinese Raised in Prosperity, Shrugs in the Face of Layoffs
Few cities in China have had as grim a history over the past century as Chongqing. Now the enormous city is prospering, but faces a wave of pink slips at factories.
China’s Slowdown Already Hit Its Factories. Now Its Offices Are Hurting, Too.
White-collar workers face job cuts and shrinking paychecks even in go-go industries like technology, suggesting the economic pain is broader than official figures show.
Britain’s Big Squeeze: ‘Austerity, That’s What I Know’: The Making of a Young U.K. Socialist
Alex McIntyre, 19, was brought up in a Britain being reshaped by government cuts. He gave up on capitalism after a year in college.
Honda Confirms Plan to Leave Britain as Brexit Looms
The Japanese automaker, which employs 3,500 at its Swindon, England, plant, is set to close the site by 2021.
China’s Economy Slows Sharply, in Challenge for Xi Jinping
Car sales are falling. Housing is slow. Workers get three-month unpaid vacations. For Chinese leaders, pressure for a trade deal with President Trump is rising.
Canada Letter: Canada Faces a New Challenge as a Century of Automaking Ends
Both Prime Minister Justin Trudeau and Premier Doug Ford of Ontario pledged to help jobless G.M. workers in Canada. But what aid they can truly offer is unclear.