Labor

Global companies set sights on India's e-commerce market

Source: 
The Hindu Business Line

Indian e-commerce companies may run into more competition in the months ahead with global entities such as Alibaba, Rakuten and Walmart seriously eyeing the Indian market.

Founded by two ex-Amazon employees Sachin and Binny Bansal, Flipkart has been changing its formats and strategy over the last year with Amazon’s entry.

Dick Smith's IPO to open opportunities for investors in Australian electronics business

Australia's largest retailer of consumer electronics products announced plans of listing on the Australian Securities Exchange (ASX).

Dick Smith Holdings Limited (Dick Smith) lodged the prosecutes for the Initial Public Offering (IPO) with the Australian Securities and Investments Commission (ASIC) on Thursday.

Based on a share price of AUD2.20 per share, the company expects the offering to raise AUS344.5 million (USD).

Uniqlo finds wealth of data in Bangladesh not-for-profit venture

Source: 
The Wall Street Journal Online

In Bangladesh's villages and on its street corners, Japanese fashion giant Uniqlo is quietly gathering market data to help it in its ambition of becoming the world's top clothing brand in seven years.

Like other global brands, Uniqlo set up shop in Bangladesh's cities to tap into their cheap labour and make casual fashion wear affordable and profitable. But it has also gone into the country's impoverished villages and neighbourhoods looking for a way to give something back to a country that many said was being exploited by the garment industry.

Avon to cut 1,500 jobs, leave 2 Asia markets

Source: 
The Jakarta Post

Avon Products says it will cut about 1,500 jobs and exit two Asian markets – South Korea and Vietnam – as the struggling beauty products seller takes initial steps toward its cost-cutting goal.

The job cuts amount to almost 4 percent of its workforce and mark one of the first major moves by CEO Sheri McCoy, who was brought on in April to replace longtime CEO Andrea Jung.

Starbucks to roll out 800 new stores, add over 18000 employees in China for next 3 years

Source: 
The Wall Street Journal Online

After nearly 14 years of working to persuade China to buy into its foreign coffee culture, Starbucks Corp. is aiming to become more Chinese as it plans a rapid expansion in the country.

Belinda Wong, president of Starbucks China, said in an interview that Starbucks aims to roll out 800 new stores in the next three years to add to its existing fleet of 700. Over that period it will increase the number of employees to more than 30,000 from the current 12,000.

Global Retail Theft Barometer Study finds shrinkage in Japan is the 2nd-highest in the world

According to the fifth annual edition of the Global Retail Theft Barometer, retail shrinkage rate in Japan is 1.04 percent of sales, the third-lowest in the world. However, this rate was up 4 percent compared to the previous year. The total shrinkage amount – profit loss due to customer and employee theft, supplier/vendor fraud and administrative errors – in Japan reached JPY774  billion (USD9.96b), the second-highest worldwide, representing almost 53 percent of the total sum in the Asia-Pacific.

India's fake drugs may cross USD10b in 3 years, says report

The fake drugs market in India may cross the USD10 billion mark by 2017 from USD4.25 billion today, a report released by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Chinese employers to hire more in Q3, survey shows

Source: 
Shanghai Daily

More Chinese employers will expand recruitment in the third quarter, and demand for junior workers outpaced that for middle-level management, online recruitment portal 51job.com said on Tuesday.

The website found 88.5 percent respondents said they will hire more staff in the third quarter than they did in the same period of last year, nearly 10 percentage points more than the survey last year, according to a survey covering 21,173 employers conducted between April and June.

Samsung finds "evidence" of child labour at China plant

Source: 
Jakarta Globe

Samsung said on Monday it temporarily suspended business with one of its suppliers in China over the suspected use of child workers, following criticism that its monitoring of illegal labour practices was ineffective.

The South Korean electronics giant launched an investigation into the Dongguan Shinyang Electronics Co. after the rights monitoring group China Labour Watch (CLW) reported the factory was employing workers under the age of 16.

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