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Job loss due to global recession declines, says Labour Minister.

Created by : Nikhil Jain, Senior Consultant, Hewitt Associates  | 07 31 2009 13:11:31 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : India(Markets)
Keywords : jobs recession it industry job losses economic meltdown global meltdown. global recession
Activity:  332 views;  last activity : 07 06 2010 20:18:09 +0000

The Minister of Labour Mallikarjuna Kharge said in a recent news that the Job losses which were happening due to the Global recession is on the decline these days, and reports suggest that the job losses that occured during Recession was around 50 lakh to 90 lakh these were the numbers given by Labour department officials...but then most of the users here on the platform are professionals who belong to various industries, who better to give clear picture regarding this than professionals themselves...Are Job losses on the decline due to Global recession?

  
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According to me yes the job losses are on the decline as we are not hearing about recession or talking about recession any more these days, so with this we can come to conclusion that recession after effects are over and people are looking forward for better days ahead. The most affected were the IT industry people whcih had its professionals in a spot of bother for a year or more and lucky few had settled for less paying jobs till now, many of their plans were upstaged due to recession.

And also the recent reports by Mercer consultants one of the top consultants in the country said that the situation would be normal at the end of 2009..so surely better days ahead and the job losses are on the decline.
By Nikhil Jain, Senior Consultant, Hewitt Associates  | 07 31 2009 13:20:29 +0000
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I don't think so. The economic conditions have started getting better but still people are continuing to loose their jobs in the name of Recession. Employees are still struggling to get jobs and the process of "skill increasing" is still going on. In this condition, how can we say that job losses are on decline?
By Himanshu Pathak, Sr/Principal Coresspondent, Coresspondent  | 07 31 2009 13:55:07 +0000
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