1.
SAP,
Hasbro, Sirion Labs, Tier lay off employees
The
German-based software company SAP, toy-manufacturer Hasbro, US-based startup
SirionLabs, and German-based micro-mobility company, Tier Mobility laid of
employees. SAP announced on Thursday that it will be cutting 2.5 per cent of
its worldwide workforce. The decision has been taken as a step to reduce its
overall expenses and prioritise its cloud operations. Hasbro, a
renowned toy manufacturer stated that it will be reducing 15 per cent of its
worldwide workforce this year. According to a report by Inc42, US-based
startup SirionLabs, has recently laid off approximately 15 per cent of its
total workforce. This layoff occurred just 15 days after the startup raised $25
million. The German-based micro-mobility company, Tier Mobility, has announced
that it will be laying off 7% of its workforce as a part of its restructuring
efforts.
2.
Does Amazon time its
employees’ toilet breaks?
Employees
of Amazon in the UK have been protesting for some time now against their
increment not enough to keep pace with the rising cost of living. Amazon
is grabbing headlines for the wrong reasons yet again. During a protest by its
warehouse employees in Britain, some employees have made certain shocking
revelations about the pitiable work conditions at the e-commerce company. They
claim that they are questioned if they have been ‘idle’ for over half an hour.
The employees have reportedly told BBC that they are questioned if they are
missing from their desks for a little while or stop working for some time. They
alleged that the Company keeps track of their toilet breaks too. Some claim
that the robots at the warehouse are given better treatment than the workers
themselves. Employees reveal that at times it is not always possible to
find a free toilet near the building. Therefore, it may take a little more than
15 minutes to find a toilet and return to work, but such ‘extended’
breaks are questioned by the managers, as part of the performance-management
system that the Company follows.
3.
EPFO may
amend pension scheme
The
Ministry of Labour and the Employees’ Provident Fund Organisation (EPFO) are
planning to re-examine the Employee Pension Scheme (EPS) so that it becomes
more feasible. The aim is to be able to work out ways to raise resources to be
able to fund higher pensions every month. In November, a Supreme Court
ruling had allowed most categories of employees to opt for higher pension,
excluding those who retired prior to 1 September, 2014, with salary
exceeding the limit of Rs 15,000 per month. The EPFO had issued a
circular in December, 2022 offering a chance to only those members who have
retired prior to September 1, 2014, to apply for higher EPS pension,
provided they had applied for the same before they retired and had their
application rejected.
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