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US employers axe 97,000 jobs in July

Chicago: Job cuts announced by US employers jumped 31 per cent in July to over 97,000, increasing for the first time in six months, warning of a further hike in downsizing activity by the last quarter of the year, a report said on Thursday. After falling to a 15-month low in June planned job cuts announ  ....Read more

Bank wage revision By: Sundaram | Thursday , 6 Aug '09 13:46:30 PM Reply | Forward At last union leaders in the Banks have boldly gone for a strike. It is very funny to see that every time, the IBA is going back on their offers in the bi-partite negotiations. This shows the weakness of both the parties i.e. IBA as well as UFBU. If UFBU is strong enough to bargain in the negotiations, this type childish game will not be there.
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