Apple may generate 55000 jobs in India by moving their manufacturing bases from China to India. This move will also add to the Make In India initiative.
According to the report, Apple wants to shift its 6 production lines from China to India. With these production lines, Apple wants to serve the local demand as well as export to other countries.
Not just iPhones, but Apple wants to manufacture laptops, tablets, etc in India. As of now, iPhone XR is manufactured in the country. By manufacturing in India, Apple saves around 20% tax for the import duty
Currently, these iPhones are made in India by a contract manufacturer Foxconn. Foxconn also submits proposals to avail the benefits of government’s 50,000 incentive scheme
Along with Apple, several other companies like Samsung, Lava, Dixon, etc want to manufacture in the country. This might create around 11 crore jobs in the next 5 years along with the 55000 jobs by Apple
Toronto is becoming a new superpower as Immigrants choose Canada over the US. Due to the new immigration laws of the US, the silicon valley’s undisputed stand as the number one tech hub might be in danger
In the past few years, thousands of workers are moving to Toronto. This has helped the city become one of the fastest-growing tech hubs. Most of the immigrants are avoiding the US to escape from the rules made by the trump’s administration
Recently, Trump also announces the temporary suspension of US visas. These visas are issued annually to the migrant workers. Every year, the US allocates 85000 visas for foreign skilled workers.
This year with the temporary suspension, Trump’s administration also says that this is indirectly a threat to local job opportunities. Meanwhile, Canada is taking this opportunity to welcome people across the world.
Since 2013, the number of jobs in Toronto is increased by 54%. Several Canadian companies are utilizing this opportunity very well. According to a study in 2016, 25% of the total workers in Canada are immigrant workers.
The CEO of Tech Mahindra says that 30% of Tech Mahindra will soon WFH permanently. The company recently announces its quarterly results. During the press release, the CEO announces this company’s decision
He also says that currently, 90% of its entire workforce is working from home. Also, all of their customers are quite happy with the employees of the company meeting their expectations.
The CEO also says that under these circumstances, at least for 1-2 quarters there will be fewer people working from offices. In the initial phases of working from home, business process services teams faced some difficulties
The company also invested in an integrated command line to put in the mitigation plans. The peers of Tech Mahindra are also looking to implement the mixed work models
Some companies like HCL says that WFH may not be a permanent model for them. The Chief Human Resources Officer of HCL says that WFH is not suitable both physically and mentally for longer durations
SBI Recruitment 2020. 3850 officer openings. More details can be found on the official website of the bank https://www.sbi.co.in/web/careers
The last date to fill the applications is August 16, 2020. Candidate with graduation or a similar degree is eligible. Also, the candidates will need to appear for an interview and will be selected based on that.
Selected candidates will join either of the following circles
3850 Circle Based Officer posts Gujarat-750 Posts Karnataka-750 Posts Madhya Pradesh-296 Posts Chhattisgarh-104 Posts Tamil Nadu-55 Posts Telangana-550 Posts Rajasthan 300-Posts Maharashtra (excluding Mumbai)-517 Posts Goa-33 Posts
Application Fee: A fee of Rs.750 is applicable for General candidates, but SC/ST candidates will have no fee
Important Dates to remember: Starting date to fill the application: July 27, 2020 Last Date: August 16, 2020
He also says that this is a big step towards reducing the gap between job seekers and recruiters. He further requested all the migrant workers to come back to Delhi as the situation becomes more and more stable day by day
The Chinese Telecom company Huawei lays off more than 50% of its staff in India. This decision comes after the ban on Chinese goods in India. The company also reduces the revenue target for India by 50%
The news came out that excluding the staff in research and development, the company is laying off around 60-70% of its India staff
The initial ban on the Chinese apps in India comes after news broke out that 20 Indian soldiers were killed by the Chinese Army in the Himalayas. This resulted in loss of revenue for almost all the Chinese companies affected.
Now, Huawei lays off more than 50% of its staff in India.
Also, the Indian government tells two state-owned telecom companies to use locally made equipment for their 4G upgrade
Wipro’s benched staff receive pay cuts. In an extended bench period, the employees who are put on the bench will be on the loss of pay. This extended period will last for 3 months
The company says that these employees will only receive insurance coverage and nothing else. Usually, in IT companies, the bench means that the employee is not part of any billable projects.
The count usually varies from 5-7% employees on the bench at any time. In bigger companies, the count can be more. In Wipro, the new change is directed towards employees who are already on the bench and received a bad assessment of their work.
The company sends out an email to the employees stating that while on the bench the employee may choose to use their available leave balance. Once the leave quota is over, the employee will be on unpaid leave for the rest of the period on the bench.
These are one of the first actions taken by the new CEO. If any employee fails to join any billable project in the given period, the company has the right to terminate the employee, according to the new rules.