Home for the holidays takes on a whole new, depressing meaning when businesses layoff employees during December. advertisement advertisement Losing your livelihood during the “happiest time of the year” is pretty awful for employees, so why would a company be so Scrooge-like? We asked several HR professionals to weigh in on whether or not it’s acceptable, or advisable, to conduct layoffs during the holiday season, and if so, how to do it compassionately. They had a lot to say. Why Companies Conduct Layoffs During The Holidays The vast majority of organizations run on a calendar year budget, explains Steve Spires, a managing director of outplacement solutions with BPI group, and year-end coincides with the need to achieve year-end numbers. “Business cycles are agnostic, and focused on results without bias, emotion, nor sentimentality,” says Jason Hanold, managing partner at executive search firm Hanold Associates. Because companies may want to … [Read more...] about Fired For The Holidays: Is It Acceptable For Businesses To Downsize In December?
How businesses are preparing for brexit
Tata Steel and ThyssenKrupp AG on Saturday signed definitive agreements to combine their European steel businesses in a 50/50 joint venture in a new company.This follows the signing of a Memorandum of Understanding in September 2017.The new company will be called ThyssenKrupp Tata Steel BV, and will be based in Netherlands. The merged entity will have capacity to produce 21 million tons of steel a year, making it the second largest steelmaker in Europe after ArcelorMittal.Close ThyssenKrupp Tata Steel BV will have 48,000 employees across 34 sites. The company will have a revenue of about Euros 15 billion. related news Essar Steel insolvency: Supreme Court sets aside NCLAT judgement, gives upper hand to banks Jet Privilege goes for brand revamp; to be known as 'InterMiles' What can China’s Jingye do for British Steel that Tata Steel could not? | Corporate Corridor The combined entity is expected to make an annual savings of up to Euros 500 million.The transaction is … [Read more...] about Tata Steel, Thyssenkrupp finalise deal for European JV
Aditya Birla Group is likely to let Vodafone Idea, their telecom joint venture with Vodafone, head towards insolvency if the company continues to drown in accumulated dues, The Economic Times reported.Moneycontrol could not independently verify the report.The company has to pay adjusted gross revenue (AGR) fees worth Rs 39,000 crore after the Supreme Court in October upheld the Department of Telecommunications’ (DoT) definition of the fee calculation.Close This includes Rs 28,000 crore towards additional license fee and Rs 11,000 crore towards spectrum usage. Besides this, the apex court also ordered telcos to shell out the penalties and interest on both sections. related news Devendra Fadnavis meets governor, seeks release of funds for farmers Rajnath Singh visits LAC forward post, says armies of India, China sensible enough to reduce tensions Tamil Nadu Deputy CM invites American entrepreneurs to invest in state The paper quoted a group executive as saying that the … [Read more...] about Birla favours insolvency for Vodafone Idea if situation worsens: Report
Travel major Cox & Kings's unit has raised Rs 450 crore by selling 11.58 percent stake in its subsidiary Promotheon Holdings UK (PHUK) to SSG Capital Management, a private equity firm.PHUK holds the education and hybrid hotels businesses of Cox & Kings. The company is a subsidiary of Promotheon Enterprises (PEL), a unit of Cox & Kings.After the sale, PEL's stake in its unit will come down to 54 percent. SSG Capital, which had bought into PHUK in November last year, will see its stake increase to 46 percent. Last year, the private equity firm had acquired the stake from The Rohatyn Group.Close "We have been unlocking value in our units since last year. We wanted to demonstrate that the valuation in all our subsidiaries is much more than consolidated value of our company that is listed," Peter Kerkar, Group CEO, Cox & Kings told Moneycontrol. related news Essar Steel insolvency: Supreme Court sets aside NCLAT judgement, gives upper hand to banks Jet Privilege … [Read more...] about Cox & Kings raises Rs 450 crore through sale in education & hotels arm
As legalization spread throughout the states, marijuana emerged as the big new food ingredient of 2014. In Seattle, a marijuana restaurant opened for customers. Don’t want to make the trek? Residents of states where marijuana is legal can also get a buzz from Legal’s line of cannabis-infused beverages. Meanwhile, Rohan Marley, one of Bob Marley’s sons, attracted attention last year not only for his new marijuana business, but also for his successful coffee company. advertisement advertisement A number of stories also examined the future of food, from Soylent-like meals and devices that can scan food for nutrients to grilled cheese delivered by parachute and other on-demand meals. In the meantime, Americans are still struggling to figure out the food system (we thought they might figure it out after last year’s list, but no)–in fact, most people don’t know what “organic” means even though they’re willing to pay more for it. … [Read more...] about The 11 Most Delicious Food Stories Of 2014