Weekly Round-up (Oct 27 - Oct 31): News you cannot miss
This week was marked by a few labour stirs as the United Forum of Bank Unions, an umbrella organization comprising various employee bodies, planned to go on a day's strike on Nov 12th pressing for wage revision. In addition, five trade unions that represent almost 90% of Coal India's (CIL) workforce are also likely to go on an indefinite strike from January in protest against the government's "unilateral" decision to allot coal blocks to private companies for commercial exploitation. Also, the global chairman of the Bosch board, Dr Volkmar Denner, expressed concern about the ongoing strike at the Bangalore plant of the world’s leading auto part maker. On the other hand, Nokia’s labour representatives agreed to talk on the settlement packages for the last batch of employees remaining in the Sriperumbudur factory.
On a positive note Barclays India announced that it plans to resume hiring for its corporate banking and wealth management businesses. At the same time the public sector insurance companies offered relief to its women employees announcing that they will soon be entitled to get posting at a place of their choice. Also, to attract talent more conveniently and quickly a lot of companies are now offering lucrative incentives like a Harley-Davidson for employee referrals.
The significant movements this week included the announcement of Murali Lanka as a potential COO of Walmart’s Indian unit; Mr. Angelo Lo Vecchio being appointed as the Country Manager and Managing Director for Adecco India; Arun Kumar Sharma taking over as Director (Finance) of Indian Oil Corp (IOC); Tata Elxsi Ltd appointed N. Ganapathy Subramaniam as its additional director and chairman; Ceat appointed Debi Prasad Das as Senior Vice President - Human Resources; Arun Prakash Ray joined PVR cinemas to head the Training & Development vertical; and ING Vysya Bank managing director and chief executive Shailendra Bhandari quit.