Tag: wage hikes

Samsung workers in Tamil Nadu are in their second month of striking, rejecting a settlement offer that fails to recognize their union. The dispute disrupts production and highlights challenges in attracting foreign investment amid labor unrest.(Reuters)
Posted in Business

Samsung India workers reject settlement as strike enters second month: Updates

 October 9, 2024  Leave a Comment on Samsung India workers reject settlement as strike enters second month: Updates

A group of more than 1,000 striking workers at the Samsung Electronics factory in southern India has rejected a settlement offer made by the company…

Continue Reading
Infosys, HCLTech, LTIMindtree, and L&T Tech Services have deferred wage hikes to Q3 FY25 as they navigate cost pressures from a sluggish demand environment. Brokerages predict varied margin outcomes, and some firms may also implement workforce reductions.
Posted in Business

Infosys, HCLTech, & LTIMindtree move wage hikes to Q3. Here’s why

 October 3, 2024  Leave a Comment on Infosys, HCLTech, & LTIMindtree move wage hikes to Q3. Here’s why

Oct 03, 2024 03:12 PM IST Infosys, HCLTech, and others delay wage hikes to Q3 FY25 due to cost management amid weak demand. Major Indian…

Continue Reading