Hiring freezes and layoffs predicted from the auto sector in India by Naukri.com
In the last few months, the Indian auto industry has mellowed down due to a combination of slow sales, service term changes, fuel price and tax hikes. A recent survey conducted by Naukri.com amongst different recruiters in the auto sector reflects this along with some grim facts â" a hiring freeze and layoffs. A startling 11 per cent of the recruiters said that they are freezing hirings in the coming months while five per cent said that they are looking at possible layoffs. A look at the recruitment trends for the sector in 2012 show that the year began with a positive note and then the overall job growth for the sector remained more or less flat in the first half of the year. However, June-2012 onwards there has been a continuous month on month dip in hiring activity. Aug 2012 saw 14 per cent lower hiring than June and 12 per cent lower than what it was six months ago.
A similar survey done in the beginning of the year had seen none of the recruiters predicting any layoffs or hiring freeze.
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