Indian HR giant Manpower to cut 5 percent jobs

ndia employment services giant Manpower Inc Monday said it would cut off five percent of its Indian workforce as part of cost-cutting measures under the pressure of the global economic downturn.

"We may trim five percent jobs in India as almost 15-20 percent of the business has been affected in the country due to the slowdown," Manpower chairman and chief executive officer Jeffrey A. Joerres told reporters here on the sidelines of the World Economic Forum-India Economic Summit.

Manpower is the leading employment service company in India, which currently employs around 21,000 people in India and 35,000 globally.

The company's IT engaged services (ITeS) segment has been affected most, Joerres said.

Source: Xinhua