Massive job cuts expected, says Volkswagen HR chief

Auto giant Volkswagen (VW) expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker’s human resources chief. Karlheinz Blessing, who sits on VW group’s nine-member top management board, said the carmaker will need to cut[Read More…]

Tatas hits back at Mistry’s allegation

Tata Sons hit back at allegations made by the ousted chairman Cyrus Mistry, saying it is not based on facts and it will release documents at “proper forums” to prove Mistry’s allegation are baseless. “It is a matter of deep regret that a communication marked confidential to Tata Sons board[Read More…]

Shocked at unprecedented removal: Cyrus Mistry

Cyrus Mistry has written to Tata board members on his abrupt removal as the Chairman of the Tata Group on Monday saying that he is “shocked” by how he was ousted and that the “board has not covered itself with glory” and he was not given “a chance to defend myself.” Mistry[Read More…]

Flipkart CFO Sanjay Baweja resigns

Flipkart Chief Financial Officer Sanjay Baweja has put in his papers after a two-year stint, marking the latest high level exit at the Bengaluru based e-commerce company. “Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December[Read More…]

Latest Update