Monday, November 17, 2008

Worldwide Many People Are Losing Their Jobs - Nov 17, 2008

Worldwide many people are losing their jobs on deteriorating economic condition, India has a reason to cheer as in just one week, firms have disclosed plans of hiring 40,000 people in the country, while nearly 30,000 jobs fell on the firing line elsewhere.Private insurer MetLife India is planning to recruit about 2,000 managers and a whopping 30,000 advisors in the coming months.Further, global management consultancy firm Deloitte Touche Tohmatsu is looking to hire 3,500 employees in the country.

On the contrary, in just less than a week, corporates, right from the US to UK have announced job cuts amounting to nearly 30,000. According to MetLife India''s Managing Director Rajesh Relan, MetLife India is planning to hire about 2,000 sales managers and 30,000 financial advisors by March, which would nearly double the two workforces.

At present, MetLife India has about 2,220 sales managers and more than 30,000 financial advisors working for it, which would grow to a strength of about 60,000 advisors and more than 4,200 managers by March 2009.Last month, the unemployment rate in the world''s largest economy - US - touched a 14-year high of 6.5 per cent, which is an indication of the deepening economic turmoil. Moreover, global management consultancy firm Deloitte Touche Tohmatsu is planning to hire 3,500 employees in India, aiming to take the firm''s total headcount to 12,000 in the next three years.

No comments: