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Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

25Jan

By Administrator_IndiaNo Comments

Employment

Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business in North America. Its annual profit rose 4.2% to 856 million Swiss francs ($927.5 million), compared with analysts' average forecast of 806 million francs in a poll compiled by the company, leading the Geneva-based group to propose a dividend of 67 francs per share, 1.5% higher than last year.Sales increased by 5.3% on a like-for-like basis to 7.1 billion Swiss francs in 2022, while growing only 2.9% organically in the final quarter...

Central Government Employee? Modi govt has taken this new step to weed out inefficient, corrupt staff

By Administrator_India Capital Sands The Centre has asked all its departments to review service records of employees who have completed 30 years in job to identify inefficient or corrupt staff and retire them prematurely in public interest, according to a Personnel Ministry order. The employees’ performance review is conducted under the Fundamental Rule (FR) 56 (J) and 56 (I), and also under Rule 48 (1) (b) of the Central Civil Services (Pension) Rules, 1972, that gives “absolute right” to the appropriate authority to retire a government servant, “if it is necessary to do so in public interest”. It is clarified that premature retirement of government servants under these rules is not a penalty. It is distinct from ‘compulsory retirement’, which is one of prescribed penalties under...

Salesforce plans to cut 1,000 jobs after banner quarter, stock gains

By Administrator_India Capital Sands Salesforce.com Inc. plans to cut about 1,000 jobs, people familiar with the situation said, a move by the software giant to streamline its business even as it reports record quarterly revenue and forecasts further gains. Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information. In the US, the move affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams, one of the people said. The cuts are taking place in more than a dozen Salesforce locations around the world, including in Canada, another person said. Some employees focused on Service Cloud, Salesforce P...