25-30% Job Cuts in India
update: 31st Oct, 2008 - Industries association Assocham has withdrawn its controversial report forecasting 25-30 per cent job cuts.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has said that Indian companies are faced with shrinking margins and are likely to cut 25% to 30% of its work force. Employees in businesses like IT, aviation, steel, financial services, real estate, cement and construction would be part of this cost-cutting measure.
Large job cuts typically became major political issues in India recently, and it’ll be quiet interesting to see how the government tackles this issue if the predicted job cuts happen
October 29th, 2008 at 11:08 pm
Alternative Income Ideas;
1. Start a business, even if it is a small home based one.
2. If you have a home staying spouse, try a job for her.
3. Use the online route for purchases, bill payments etc.
4. If you have unused rooms at home, let it out for paying guest.
5. Turn your hobbies into income streams — e.g., photography, videography, quilting, etc.
6. Sell handmade products on Ebay.
7. If you are an expert in some field, become a guest lecturer.
8. Enter contests and giveaways and sell the prizes.
9. Earn money with online surveys, they do pay.
10. Blog or do data entry at home.