Cisco uses immense cash hoard to buy Norwegian video-conferencing firm Tandberg for $3 billionOctober 1st, 2009 Cisco uses cash hoard to buy Norwegian co. for $3BNEW YORK — Cisco Systems Inc.
Cisco agrees to buy Norwegian video-conferencing firm Tandberg for $3 billionOctober 1st, 2009 Cisco agrees to buy Norway's Tandberg for $3 blnNEW YORK — Cisco Systems Inc. tapped its immense cash hoard and announced a deal Thursday to buy Norway's Tandberg ASA for $3 billion in a bid to dominate the global market for videoconferencing equipment.
Employees' strike won't hit operations: BSNL (Lead, Changing dateline)August 19th, 2009 NEW DELHI - State-run telecom major Bharat Sanchar Nigam Ltd (BSNL) has said a two-day strike by its employees starting Wednesday would not affect its operations. "BSNL has made adequate arrangements to ensure that telecom services rendered to our esteemed customers remain uninterrupted," a company statement said Wednesday.
AP Enterprise: As California budget deficit grew, state lawmakers boosted staff payAugust 17th, 2009 AP Enterprise: Calif. lawmakers boost staff paySACRAMENTO, Calif.
Boeing cuts 1,000 jobs in defence branchJuly 15th, 2009 WASHINGTON/CHICAGO - Boeing's Integrated Defence Systems said Wednesday it is cutting 1,000 jobs to accommodate the drop in demand in the federal defence budget. The lost jobs represent about 1.5 percent of the 70,000 employees in the defence branch.
Infosys hires 3,538 people in first quarterJuly 10th, 2009 BANGALORE - Undeterred by the impact of the global meltdown on its revenue and profits, IT bellwether Infosys Technologies and its subsidiaries hired 3,538 people in the first quarter of this fiscal. With retention remaining high, the company and its subsidiaries saw a net decline of 995 employees during the quarter under review as against a net addition of 1,772 in the previous quarter and 3,192 in the year-ago period.
Air India won't pay salaries July 3, workers' strike FridayJuly 2nd, 2009 NEW DELHI - The Air India management Thursday backtracked on its commitment to the employees' union to pay staff salaries by July 3, pushing employees to threaten again that they would go on strike from Friday. Yielding to pressure from its employees, the cash-strapped national carrier had June 29 said it would pay the June salaries July 3, instead of July 15 as had been decided earlier.
Gannett to cut 1,400 jobs as slump in advertising revenue continuesJuly 1st, 2009 Gannett to cut 1,400 jobs in new round of cutsNEW YORK — Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
State Bank of Indore staff protest proposed merger with SBIJune 22nd, 2009 BHOPAL - More than 6,000 employees of State Bank of Indore went on a strike Monday to protest the proposed merger with State Bank of India, staff union leaders said here. All branches remained closed.
Air Works defends itself in Ambani chopper sabotage caseMay 5th, 2009 MUMBAI - Aircraft maintenance firm Air Works Tuesday said it was because of its security procedure that the attempt by two of its employees to sabotage industrialist Anil Ambani's chopper was detected in advance. 'As one of the founders of India's MRO (maintenance, repair and overhauling) industry, Air Works strictly adheres to industry accepted procedures for aircraft safety and security,' Air Works said in a statement.
Jet Airways lays off 110 employeesMay 1st, 2009 NEW DELHI - India's leading private carrier Jet Airways handed over pink slips to 110 employees on the eve of May Day, the company said Friday. 'Jet Airways undertakes additional measures to streamline costs to improve the financial health of the company under the challenging economic environment.
Airport employees' strike avertedApril 30th, 2009 NEW DELHI - A planned nationwide two-day strike by 15,000 airport employees from Thursday midnight has been called off after the government agreed to discuss their grievances, a civil aviation ministry spokesperson said. 'The strike, called by the employees of the Airports Authority of India (AAI), has been called off,' the official said.
Government staff threaten stir in Jammu and KashmirJanuary 18th, 2009 JAMMU - Government employees in Jammu and Kashmir will strike work Jan 28 to press for the implementation of the Sixth Pay Commission recommendations in the state this month. About 400,000 government staff, banded under the Employees Joint Action Committee (EJAC), will also launch an agitation if the announcement implementing the pay panel recommendations was not made by the month-end, said EJAC leader Ram Lal Sharma.
Aviation fuel supply will not be hit by oil staff strikeJanuary 5th, 2009 NEW DELHI - Airline operators Tuesday said they have a contingency plan with oil companies for uninterrupted supply of aviation fuel to tide over any crisis if oil sector employees go on strike. The Oil Sector Officers' Association (OSOA), an umbrella organisation representing 45,000 oil sector employees, has threatened strike from Wednesday demanding higher wages.
Insurance sector staff strike work in West BengalDecember 22nd, 2008 KOLKATA - Around 99 percent of Kolkata-based National Insurance Corp and 76 percent of General Insurance Corp non-management staff stayed away from work Tuesday in support of a nationwide insurance sector strike. Employees unions claimed 98 percent of Life Insurance Corp's non-management staff in the eastern region also participated in the strike.