Times of India — Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said. “The latest accounting problems might have been driven by the fact that some of our businesses have lost earnings power. We must urgently take action in these businesses,” chief executive Masashi Muromachi told a roundtable of reporters.
Vietnam Net — Annual salaries of IT staff in Vietnam stand at an average of $30,938, ranking the country second from bottom and lower than other countries in Asia such as China, India, the Philippines, Indonesia, Malaysia, and Thailand. Bulgaria pays the lowest annual salaries for IT workers, at $25,680 per year, while Switzerland pays the highest, at $171,465, followed by Belgium, Denmark, the US, and the UK.
Computer Weekly — IT salaries are rising fast in Singapore, fuelled by shortages in key areas and Singapore’s image as a gateway to Asia for western businesses IT salaries in Singapore are increasing at up to 15%, fuelled by a shortage of workers in the IT industry. The IT sector is considered one of the most competitive recruitment markets in Singapore.
NDTV — The job market in India is improving. About 90 per cent of companies are looking to hire, says Sambhav Rakyan, data services practice leader for Asia Pacific at Towers Watson, a global HR consulting firm. Mr Sambhav Rakyan says its hiring survey showed that strong demand is being seen for graduates from top-tier business schools, research jobs in pharma, technical areas like social, mobile, analytics and cloud computing (SMAC) and SharePoint.
CFO Innovation — The fourth quarter results of the 2015 Manpower Employment Outlook Survey (MEOS) indicates that for the next three months Hong Kong employers continue to report positive hiring plans. Employers also anticipate payroll gains in all six industry sectors during the same period.
Asia One — Amid the decline in its share price in New York, Chinese e-commerce giant Alibaba Group Holding Ltd has announced a cut in its campus recruitment quota. With the original goal of recruiting more than 3,000 fresh graduates in 2016, the Hangzhou-based company said on its official campus recruitment website that the recruitment quota will “shrink due to changes in the group’s talent strategy” and “those who were likely to be recruited will have to face tougher competition”.
Network Aasia — Singapore remains the gateway to businesses in Southeast Asia due to its sound infrastructure, continuing to attract multinational corporations in the commerce and IT industries. The IT sector is considered one of the most competitive arenas in the Singapore marketplace. Salary ranges in this function are constantly changing, which is why staying ahead of the curve and knowing what is coming next is critical to career success.
China Tech News — China’s Lenovo Group announced that they will cut about 3,200 non-manufacturing employees worldwide. Lenovo announced this decision in its financial report for the first quarter of the 2015/16 financial year. The company said facing the dramatic decline of PC sales, Lenovo Group must continue to improve effectiveness and cut expenses. They will reduce about 3,200 non-manufacturing employees around the world, accounting for 10% of its total non-manufacturing employees and about 5% of its total employees. The company reportedly has 60,000 employees worldwide.
Digi Times — HTC has announced that it will reduce its operating costs by 35% and its global workforce by 15% by implementing a restructuring plan to sustain revenues and profit growth with a leaner and more flexible business model. The layoff plan will affect about 2,250 jobs at HTC based on a total of over 15,000 employees the company has as of the end of July.
Times of India — NEW DELHI: Foxconn Technology Group, the world’s largest contract manufacturer, is aiming to create at least a million jobs by setting up 10-12 manufacturing facilities across the country by 2020, its chairman said. Terry Gou, head of the maker of iPhones and iPads for Apple and Kindles for Amazon, told reporters on a short trip to India that Foxconn would look to set up the manufacturing plants, initially in five states including Andhra Pradesh, Gujarat, and Maharashtra and expand to other states across the country by 2020.
Digital News Asia — THERE was an overall decline in online employment in Malaysia, which dropped 23% between April 2014 and April 2015, according to online recruitment company Monster Worldwide Inc. Despite this year-on-year drop, online hiring activity has increased since March 2015 by 9%, the company said in a statement, citing the Monster Employment Index (MEI), which was generated for Malaysia for the first time.
BENGALURU: Wipro said it will defend all pending lawsuits against it after an Indian employee filed a class action complaint against it in a US court, alleging violation of local labour laws. Media reports indicated Wipro employee Suri Payala had recently filed a complaint in Superior Court of the State of California, alleging that Wipro failed to compensate him for over-time and make other wage settlements.
BENGALURU: Infosys has proposed a significant expansion of its operations in Bengaluru, adding about 21,500 seats at the Electronics City software hub by spending about Rs 2,000 crore. If the plan fructifies, it will make Karnataka’s capital the biggest centre for the company, surpassing Pune. The company, which ended March 2015 with revenue of Rs 53,319 crore ($ 8.7 billion), has submitted a proposal to the government seeking clearances. Information technology minister SR Patil told ET that the software company is keen to pursue its investment plans in Bengaluru and create new jobs.
TAIPEI, Taiwan — Taipei City’s Department of Labor (DOL, 勞動局) said yesterday that they will look into Yahoo Kimo (Yahoo奇摩) and China Television Company Ltd.’s (CTV, 中國電視事業股份) mass layoffs, which are estimated to lead to the loss of at least 100 positions. DOL chief Ye Chien-neng (葉建能) said they have yet to receive notice about CTV’s dismissal proposal, however, they plan to send officials to better understand the matter.
Just a week after Gumi confirmed that its South Korean operation was being investigated for alleged embezzlement, the embattled Japanese gaming company is bracing for layoffs. According to TechCrunch Japan, Gumi announced today that it will solicit “voluntary retirement” from 100 staff at both Gumi (Tokyo) and development center Gumi West (Fukuoka). The firm’s justification for the move is that the skill set of some employees no longer matches the company’s needs.
A recent survey by domestic job search site Kanzhun has shed some light on the average salaries of professionals in China’s biggest cities. For each city, the study shows the top three highest-paying industries based on monthly salary. In Beijing, IT and internet professionals take the top spot. That category consists of web developers, software engineers, and everything in between. They make a median RMB 9,420 (US$1,515) per month. By comparison, the median salary for a web developer in America is US$4,473, according to compensation information firmPayScale. In San Francisco specifically, the monthly wage jumps to US$6,393.
China’s LeTV is best known for its popular online streaming platform, but in the past year the company has really been branching out. Within that timeframe it has moved into smartphones, film production, and electric cars. Now it’s moving into the music business too, having on Thursday announced the establishment of the LeTV Music Company in Hong Kong. LeTV Music, which will be headed by former LeTV entertainment boss Yin Liang, is aiming for China’s music market by way of vertical integration, since it already has the technology and internet platforms to distribute smoothly to most of the country.
BENGALURU: Global datebase software product major Oracle has announced that it would hire about 1,000 people across Asia-Pacific (APAC) to expand and strengthen its sales force in the region. “About 300 of the specialized sales force will be hired in India for cloud and the expansion will help us to drive growth and support demand for our cloud solutions across the region,” the US-based multinational said in a statement here. Cloud computing is a network of remote servers or computers hosted on the Internet to store, manage and process data in place of a local server or a personal computer.
NEW DELHI: Domestic e-commerce major Flipkart has said it will generate over 20 lakh jobs through its marketplace and ancillary services this year. The Bangalore-based firm expects 60% of this employment to be generated in the logistics and warehousing sector. “Sellers on our marketplace have been directly responsible for driving employment within their own communities. In fact, e-commerce support facilities like merchandising, buying, packaging and cataloging have generated more than 75,000 jobs in the last one year,” Flipkart Senior vice president (Marketplace) Ankit Nagori said in a statement.
TAIPEI–Taiwan was Vietnam’s largest labor export market in the first two months of this year, recruiting 10,906 Vietnamese workers during the period, according to the latest official data from Hanoi. A total of 17,206 Vietnamese were sent abroad to work in the two-month period, according to a March 11 report on VGA News, the Vietnamese government-run online newspaper website, which cited statistics compiled by the Overseas Labor Management Department.