blogingzone

Jet Airways 1900 job cuts, Who is the Next?

Posted on: October 16, 2008

After 1900 job cuts in Jet Airways, there will be more jobs cut in Aviation, IT, BPO, KPO and finance sector in India very soon. India’s first, mass overnight layoffs since the downturn began could be a precursor to what lies ahead. Like so many other sunrise sectors, the aviation business was a magnet for thousands who streamed in from small towns, often borrowing money from relatives to join training institutes to be a part of globalising India.

This job cuts in India is also linked with recent USA job cuts.

U.S. employers cut jobs for eight consecutive months through August, according to the Labor Department. Last month, the unemployment rate jumped from 5.7% to 6.1% in US. That was up from 4.7% a year ago and the highest in five years.

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