Topic started by Raja (@ 202.56.250.52) on Thu Jul 5 07:04:27 .
All times in EST +10:30 for IST.

It's the season of lay-offs in the economy as businesses of all shapes and sizes slash their workforces to survive the slowdown. More than a million jobs are redundant.There's a new target in the firing line of the economy. Jobs. Blue collar or white. Government or private. Jet-setting executive or shopfloor worker. Jobs across the spectrum of the economy are being shed at a rate unseen in recent economic history. The Labour Ministry's latest estimates show that total jobs in the organised sector of the economy (i.e., the large-scale industry) shrank by 0.15 per cent in 2000. That translates into a net loss of 45,000 jobs in just one year in large industries alone. Add to that figure the lay-offs in services (i.e. IT, finance, consultancy and many more) and the large-scale closure of small-scale industries, and the total number of jobs made redundant in the past five years touches a spine chilling one million. Where are we heading too......

Responses:

• From: Siby (@ 61.11.12.9) on: Thu Jul 5 08:12:45
  
  Here is a link http://www.india-today.com/itoday/20010709/cover.shtml
  
  The horizon out there is very gloomy and despondent. And it is not IT and IT-related, that are affected, the industrial wokers are too free-falling without the consolation of any social security net. I'm too watching the scenario melancholically as it unfolds before me without giving much clue as to what is really going to happen.
  
  Not only were a big number of jobs washed away in the economic drift, salaries have been slashed in majority of the industries. Dotcom workers were given sacks instantly on unexpected mornings; many others sank with their com(p)s without leaving a dot. Not a very much different tragedy almost a century down, since Titanic wreck.
  Hiring ads have shrunk to 2 to 3 pages in the newspapers, that too only a few sales jobs.
  Coincidence though it may seem, what has come as a bolt from the blue is the time that was chosen in firing the employees. The dotcom bust and the restructuring of existing dotcoms happened at the same time. Well, we can only sit (or hunt jobs slogging) and watch the developments, keeping our fingers crossed.
  
  
• From: Siby (@ 61.11.12.9) on: Fri Jul 6 01:54:27
  
  A few mistakes I overlooked:
  "And it is not IT and IT-related, that are affected"
  >And it is not IT and IT-related industries that are affected
  
  "Coincidence though it may seem,"
  >Coincidental though it may seem,
  
  (or hunt jobs slogging)
  >(or hunt jobs tenaciously)
  Thanks
  
  
• From: Bala Pillai (@ nas1ppp53.apic.net) on: Sat Jul 7 06:11:57
  
  >Well, we can only sit (or hunt jobs slogging) >and watch the developments, keeping our fingers >crossed.
  
  Hmmm..seems like a fatalistic "wait for the ball to come to my feet", to use a soccer metaphor, to me.
  
  How come creating jobs? How about looking at areas that are underserviced and servicing them? How about cooperating with others in doing so.
  
  For an example of this check out Thamil Innaiya Erumbugal at <http://groups.yahoo.com/group/erumbugal>. Erumbugal is grouping together to form a net-enabled Networking Cooperative for Tamils worldwide.
  
  anbudan../bala
  Bala Pillai
  Founder, Thamil Innaiyam (since 1995)
  http://www.tamil.net/list/tamil
  
  

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