Tag: job losses IT sector

  • 2020 lockdown: Most job losses in blue-collar sectors; finserv, IT stem fall

    About 7.5 per cent job losses have been seen through the lockdown for Covid pandemic final yr, with the manufacturing, building, schooling and commerce sectors bearing the brunt greater than white-collared employment in IT/BPOs, monetary companies and well being sectors, authorities knowledge offered in Parliament Monday confirmed.
    Among the 9 key sectors coated for the All India Quarterly Establishment primarily based Employment Survey (AQEES), the manufacturing sector recorded job losses of 14.2 lakh between the pre-lockdown (March 25, 2020) and post-lockdown (July 1, 2020) interval. Construction sector recorded a lack of 1 lakh, whereas commerce and schooling sectors registered job losses of 1.8 lakh and a couple of.8 lakh, respectively.
    Job losses within the monetary companies sector, then again, have been recorded at 0.4 lakh and at 1 lakh for the IT/BPOs sector throughout the identical interval.
    Female employees registered a job lack of 7.44 per cent among the many 9 key sectors, whereas the job loss determine for male employees between the pre-lockdown and post-lockdown interval stood at 7.48 per cent, knowledge confirmed.
    Labour and Employment Minister Bhupender Yadav in a written reply to a query within the Lok Sabha stated that feminine employment within the manufacturing sector diminished to 23.3 lakh (as on July 1, 2020) from 26.7 lakh (as on March 25, 2020). Male employees in manufacturing throughout the identical interval diminished to 87.9 lakh from 98.7 lakh. Female employees within the building sector have been diminished to 1.5 lakh from 1.8 lakh, and male employees diminished to five.1 lakh from 5.8 lakh through the lockdown. Female employment within the commerce sector diminished to 4 lakh (as on July 1, 2020) from 4.5 lakh (as on March 25, 2020), whereas male employment diminished to 14.8 lakh (as on July 1, 2020) from 16.1 lakh (as on March 25, 2020).
    *Total additionally consists of 66 institutions in survey belonging to aside from 9 sectors, supply: Ministry of Labour and Employment.
    The findings are a part of the AQEES. The revamped Quarterly Employment Survey was carried out through the first quarter (April-June 2021) to gather the knowledge on the impression of the Covid-19 pandemic on the operational standing and employment standing of the institutions within the 9 sectors — manufacturing, building, commerce, transport, schooling, well being, accomodation & eating places, IT/BPOs, monetary companies.

    The new quarterly employment survey launched in September had proven employment in key 9 sectors rising to three.08 crore in April-June this yr from 2.37 crore in 2013-14, the bottom yr chosen primarily based on the sixth financial census. Assessing the impression of Covid-19 pandemic on employment within the organised non-farm phase, the report had stated that employment decreased in 27 per cent of the institutions as a result of pandemic. As a lot as 81 per cent of the employees acquired full wages through the lockdown interval (March 25-June 30, 2020), 16 per cent acquired diminished wages and solely 3 per cent have been denied any wages, it stated.
    The earlier model of QES was suspended in 2018, citing a niche in numbers with the payroll knowledge. There are two elements below AQEES, QES and Area Frame Establishment Survey (AFES), which covers the unorganised phase (with lower than 10 employees).