Kronos India has announced the availability of version 6.1 of its Workforce Central suite in India.
Workforce Central 6.1 provides executives with greater visibility into their global workforce, enabling them to identify critical business issues. The new version includes hundreds of features and new enhancements.
Talking to CXOtoday, James Thomas, country manager, India, said, "At Kronos we've developed a unique perspective on what it takes for an organization to successfully deploy a workforce management solution. Our belief is that integrated workforce management in real time doesn't have to be so hard, and that organizations shouldn't have to trade functionality for simplicity. Workforce Central strikes an ideal balance of deep functionality combined with a range of ease-of-deployment, ease-of-use and cost-of-ownership enhancements."
Kronos helps organizations control labor costs, minimize compliance risk, and improve workforce productivity all at the same time centrally in real time, Thomas said. "These are important business issues in normal times, and even more during tough economic times."
Workforce Central 6.1 supports India's Factories Act and Shops and Establishment Act, whereby manufacturers and services organizations are required to maintain time-related registers and statutory reports for employees.
To help organizations comply with these regulations and minimize compliance risk, Workforce Central 6.1 provides legislated working time reports, as well as new features to monitor overtime and time-based pay codes on a daily and hourly basis.
The new enhancements in Workforce Central 6.1 includes: Enhanced ERP integration; Low total cost of ownership (TCO); Complete automation; Global ready; Machine resource tracking and Advanced scheduling.
CXOtoday
Showing posts with label manufacturers. Show all posts
Showing posts with label manufacturers. Show all posts
Tuesday, March 24, 2009
Tuesday, January 13, 2009
Seagate sacks CEO and to cut 800 workers
Seagate Technology has replaced its top two executives and said it plans to cut 800 jobs — 10 percent of its US work force — as the hard drive maker endures a bruising slowdown in technology spending.
Its stock fell more than 15 percent. In a surprise move, the Scotts Valley-based company announced that William Watkins, 56, Seagate's chief executive since 2004, and Dave Wickersham, 52, the president and chief operating officer, had both left the company, effective immediately. Seagate declined to make either executive available for comment.
The company also announced that it plans to cut 10 percent of its 8,000 US-based workers. It has 53,000 workers worldwide.
A familiar face will fill the CEO slot. Stephen Luczo, 51, a former investment banker who served as Seagate's CEO from 1998 until 2004 amid a wrenching restructuring, will have to engineer another big turnaround to get the company back on track.
Wickersham's jobs will be taken by Robert Whitmore, 46, Seagate's executive vice president and chief technology officer.
Seagate is the world's largest maker of computer hard disk drives, with more than 30 percent of the global market. But its business has suffered badly because of the economic meltdown, which has sapped information-technology budgets and demand for new personal computers and servers that use Seagate's products.
Oversupply in the industry has also hurt Seagate and other disk drive manufacturers. Luczo takes the reigns of a company whose stock price plunged more than 80 percent last year and that warned in December its fiscal second-quarter results would fall far below Wall Street's expectations. Seagate lowered its guidance for sales in the period by about $500 million, cautioning that slumping demand and price pressures were hurting the company more than it had anticipated.
Seagate, which is scheduled to report its full quarterly results Jan. 21, expects revenue of $2.3 billion to $2.6 billion.
Agencies
Its stock fell more than 15 percent. In a surprise move, the Scotts Valley-based company announced that William Watkins, 56, Seagate's chief executive since 2004, and Dave Wickersham, 52, the president and chief operating officer, had both left the company, effective immediately. Seagate declined to make either executive available for comment.
The company also announced that it plans to cut 10 percent of its 8,000 US-based workers. It has 53,000 workers worldwide.
A familiar face will fill the CEO slot. Stephen Luczo, 51, a former investment banker who served as Seagate's CEO from 1998 until 2004 amid a wrenching restructuring, will have to engineer another big turnaround to get the company back on track.
Wickersham's jobs will be taken by Robert Whitmore, 46, Seagate's executive vice president and chief technology officer.
Seagate is the world's largest maker of computer hard disk drives, with more than 30 percent of the global market. But its business has suffered badly because of the economic meltdown, which has sapped information-technology budgets and demand for new personal computers and servers that use Seagate's products.
Oversupply in the industry has also hurt Seagate and other disk drive manufacturers. Luczo takes the reigns of a company whose stock price plunged more than 80 percent last year and that warned in December its fiscal second-quarter results would fall far below Wall Street's expectations. Seagate lowered its guidance for sales in the period by about $500 million, cautioning that slumping demand and price pressures were hurting the company more than it had anticipated.
Seagate, which is scheduled to report its full quarterly results Jan. 21, expects revenue of $2.3 billion to $2.6 billion.
Agencies
Tuesday, December 23, 2008
Asian tech firms force workers to take leave
When the global recession began to take a toll on high-tech manufacturers in Taiwan, the factories gave their workers a vacation that many would have just as soon skipped.
Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.
“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,’’ said Darryl Green, president of Asia Pacific for human resources firm Manpower.
“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.’’
Employment specialists say the phenomenon is not unique to Taiwan, and is used more broadly by manufacturers in cyclical industries, ranging from electronics makers in South Korea, to car makers in Britain, and manufacturers in Germany.
In Taiwan, the trend of forcing workers to take leave without pay, euphemistically called “unpaid vacation’’ in Chinese, began in the memory chip sector which experienced its worst-ever slump throughout most of 2008.
From there this cost savings measure has quietly spread to other key sectors such as LCD manufacturing and other chips.
In one of the clearest and most sobering signs of the times, TSMC, the world’s biggest contract chipmaker and one of Taiwan’s most profitable tech firms, said this month it will roll out its own forced leave without pay system in 2009. TSMC’s main rival, UMC, is taking similar measures.
Taiwan makes 70 per cent of the world’s made-to-order chips which are used in everything from computers to cell phones and MP3 players. TSMC and UMC, which are the biggest players in Taiwan, saw their collective sales plunge 35 percent in November from a year before, with TSMC posting its worst monthly sales in 3-years.
TSMC laid down the cold reality of its situation to employees in a December 3 letter from CEO Rick Tsai, who said he feared the current economic downturn could last for a “fairly long time.’’
“The company must do its utmost to lower costs,’’ Tsai wrote. “At the same time, we will also do all we can to protect employees’ jobs. Under these circumstances manufacturing departments have decided to take a certain amount of unpaid furlough in December. All other departments will begin to do the same on January 1.”
Sources: Agencies
Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.
“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,’’ said Darryl Green, president of Asia Pacific for human resources firm Manpower.
“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.’’
Employment specialists say the phenomenon is not unique to Taiwan, and is used more broadly by manufacturers in cyclical industries, ranging from electronics makers in South Korea, to car makers in Britain, and manufacturers in Germany.
In Taiwan, the trend of forcing workers to take leave without pay, euphemistically called “unpaid vacation’’ in Chinese, began in the memory chip sector which experienced its worst-ever slump throughout most of 2008.
From there this cost savings measure has quietly spread to other key sectors such as LCD manufacturing and other chips.
In one of the clearest and most sobering signs of the times, TSMC, the world’s biggest contract chipmaker and one of Taiwan’s most profitable tech firms, said this month it will roll out its own forced leave without pay system in 2009. TSMC’s main rival, UMC, is taking similar measures.
Taiwan makes 70 per cent of the world’s made-to-order chips which are used in everything from computers to cell phones and MP3 players. TSMC and UMC, which are the biggest players in Taiwan, saw their collective sales plunge 35 percent in November from a year before, with TSMC posting its worst monthly sales in 3-years.
TSMC laid down the cold reality of its situation to employees in a December 3 letter from CEO Rick Tsai, who said he feared the current economic downturn could last for a “fairly long time.’’
“The company must do its utmost to lower costs,’’ Tsai wrote. “At the same time, we will also do all we can to protect employees’ jobs. Under these circumstances manufacturing departments have decided to take a certain amount of unpaid furlough in December. All other departments will begin to do the same on January 1.”
Sources: Agencies
Asian tech firms force workers to take leave
When the global recession began to take a toll on high-tech manufacturers in Taiwan, the factories gave their workers a vacation that many would have just as soon skipped.
Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.
“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,’’ said Darryl Green, president of Asia Pacific for human resources firm Manpower.
“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.’’
Employment specialists say the phenomenon is not unique to Taiwan, and is used more broadly by manufacturers in cyclical industries, ranging from electronics makers in South Korea, to car makers in Britain, and manufacturers in Germany.
In Taiwan, the trend of forcing workers to take leave without pay, euphemistically called “unpaid vacation’’ in Chinese, began in the memory chip sector which experienced its worst-ever slump throughout most of 2008.
From there this cost savings measure has quietly spread to other key sectors such as LCD manufacturing and other chips.
In one of the clearest and most sobering signs of the times, TSMC, the world’s biggest contract chipmaker and one of Taiwan’s most profitable tech firms, said this month it will roll out its own forced leave without pay system in 2009. TSMC’s main rival, UMC, is taking similar measures.
Taiwan makes 70 per cent of the world’s made-to-order chips which are used in everything from computers to cell phones and MP3 players. TSMC and UMC, which are the biggest players in Taiwan, saw their collective sales plunge 35 percent in November from a year before, with TSMC posting its worst monthly sales in 3-years.
TSMC laid down the cold reality of its situation to employees in a December 3 letter from CEO Rick Tsai, who said he feared the current economic downturn could last for a “fairly long time.’’
“The company must do its utmost to lower costs,’’ Tsai wrote. “At the same time, we will also do all we can to protect employees’ jobs. Under these circumstances manufacturing departments have decided to take a certain amount of unpaid furlough in December. All other departments will begin to do the same on January 1.”
Sources: Agencies
Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.
“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,’’ said Darryl Green, president of Asia Pacific for human resources firm Manpower.
“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.’’
Employment specialists say the phenomenon is not unique to Taiwan, and is used more broadly by manufacturers in cyclical industries, ranging from electronics makers in South Korea, to car makers in Britain, and manufacturers in Germany.
In Taiwan, the trend of forcing workers to take leave without pay, euphemistically called “unpaid vacation’’ in Chinese, began in the memory chip sector which experienced its worst-ever slump throughout most of 2008.
From there this cost savings measure has quietly spread to other key sectors such as LCD manufacturing and other chips.
In one of the clearest and most sobering signs of the times, TSMC, the world’s biggest contract chipmaker and one of Taiwan’s most profitable tech firms, said this month it will roll out its own forced leave without pay system in 2009. TSMC’s main rival, UMC, is taking similar measures.
Taiwan makes 70 per cent of the world’s made-to-order chips which are used in everything from computers to cell phones and MP3 players. TSMC and UMC, which are the biggest players in Taiwan, saw their collective sales plunge 35 percent in November from a year before, with TSMC posting its worst monthly sales in 3-years.
TSMC laid down the cold reality of its situation to employees in a December 3 letter from CEO Rick Tsai, who said he feared the current economic downturn could last for a “fairly long time.’’
“The company must do its utmost to lower costs,’’ Tsai wrote. “At the same time, we will also do all we can to protect employees’ jobs. Under these circumstances manufacturing departments have decided to take a certain amount of unpaid furlough in December. All other departments will begin to do the same on January 1.”
Sources: Agencies
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