LayoffBlog.com

February 9, 2009

Layoffs to continue in India.

Filed under: India,worldwide — 7macaw @ 7:05 am
Tags: , , ,

In an indication that the global layoff wave has hit the Indian shores, global financial services major Citigroup believes that jobless numbers in the country could climb in the coming months.

According to a latest report by Citigroup, the country does not appear to have remain unscathed from the massive layoffs witnessed worldwide and unemployment could rise further with home coming of migrant workers.

India’s unemployment rate is officially at 8.2% but the point worth noticing is that disguised employment exists in developing economies, the report also said.

Source: LiveMint.com

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