Tag: Technology

Raymond to lay off 10,000 people to give way to automation; shares rise

Raymond to lay off 10,000 people to give way to automation; shares rise

People passing by the Bombay Stock Exchange (BSE) building in this file photo of May 9, 2016 (representational image). Raymond, India’s branded textile company, on Friday said it plans to cut about 10,000 jobs over the next three years. The jobs will then be replaced with robots and automation technology.

The Mumbai-headquartered firm said that the company has a workforce of 30,000 staff across 16 manufacturing plants in India.

"Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000 through multiple initiatives in technology. One robot could replace around 100 […]

10,000 Jobs Will Be Replaced By Raymond With Robots In Next 3 Years

10,000 Jobs Will Be Replaced By Raymond With Robots In Next 3 Years

This is an excellent example to illustrate how Automation has jobs in an industry. Raymond has announced that 10,000 jobs in the company will be replaced by robots.

Raymond CEO Sanjay Behl, describing the move, pointed out that the company employs over 30,000 staff in their 16 manufacturing plants in the country. He further added, “Roughly 2,000 work in each plant. Through technological intervention, we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen […]

Raymond to replace 10,000 jobs with robots in next 3 years

Raymond to replace 10,000 jobs with robots in next 3 years

Behl said that a closely monitored team is working on this technology implementation models. CHENNAI: Automation has claimed its first casualty in India. Textile major Raymond is planning to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology.

Explaining the move, Raymond CEO Sanjay Behl said the company employs over 30,000 staff in their 16 manufacturing plants in the country.

"Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around […]

Robots May Take Millions of US Jobs by 2021

Robots May Take Millions of US Jobs by 2021

HowStuffWorks Now: Robots Want Our Jobs HowStuffWorks

Here’s a scary prediction: By 2021, automation will eliminate 6 percent of all jobs in the United States. But that’s where we’re heading, according to a recent report published by Brian Hopkins, an analyst at Forrester Research . To put that into perspective, there are about 144.6 million jobs in the country, the Bureau of Labor Statistics reports. If the employment rate doesn’t change in the next five years, that would mean machines could take nearly 8.7 million jobs.

That technology eliminates some jobs is undeniable. But it also can create new […]

University receives $1 million grant to improve collaborative robotics

University receives $1 million grant to improve collaborative robotics

The envisioned intelligent material delivery system: a robot will sense when skilled workers need materials, and deliver them in advance. This will help reduce worker frustration, stress, and talent loss, and save approximately $1.7 million dollars an hour by reducing work stoppage problems, according to UC San Diego. Engineers at the University of California San Diego have been given $1 million to research how to improve the way robots interact with people in US factories

Laurel Riek, a roboticist at the UC San Diego, will lead a three-year, $1 million project funded by the National Science Foundation to help […]

Buddhist Economics: Economics as if People Mattered

Buddhist Economics: Economics as if People Mattered

Economics Should Be About People, Not About Wall Street

By John Lawrence In Buddhist economics there is the concept of “right livelihood.” Work is considered an essential component of human life just as play and leisure. Work of a craftsmanlike nature, work which is satisfying–not work that is stultifying, of an assembly-line nature. Work that nourishes the soul; this kind of work results in right livelihood.

By the same token, there is “right consumption.” This is as contrasted with the unlimited consumption advanced Western societies and pushed on their citizens through advertising and other means in order to have […]

Study says 63% of Indian employees believe automation will take over process-based work

NEW DELHI: Indian workplaces seem to have woken up to the reality called automation. According to a study by US-based HR firm ADP, nearly 63% of employees in Indian offices believe automation and artificial intelligence will eventually replace people doing process-based, repetitive work.

But that does not deter them because around 61 per cent of those surveyed welcome the automation trend. Employees in India, in fact, were more positive than their counterparts from across Asia in terms of automation, says the ADP survey.

It is no surprise that employees are already thinking about their future in the workplace. Indian employees were […]

Study says 63% of Indian employees believe automation will take over process-based work

Study says 63% of Indian employees believe automation will take over process-based work

"Employees in India, and China, are more likely than workers in Australia and Singapore believe that trends will impact them," says John Antos, VP Marketing, APAC for ADP. NEW DELHI: Indian workplaces seem to have woken up to the reality called automation. According to a study by US-based HR firm ADP, nearly 63% of employees in Indian offices believe automation and artificial intelligence will eventually replace people doing process-based, repetitive work.

But that does not deter them because around 61 per cent of those surveyed welcome the automation trend. Employees in India, in fact, were more positive than their counterparts […]

Econometer: Will robots take SD jobs?

Econometer: Will robots take SD jobs?

New recruit "Pepper" the robot, a humanoid robot designed to welcome and take care of visitors and patients, holds the hand of a new born baby at AZ Damiaan hospital in Ostend, Belgium. Q: Given the trend toward more automated technologies, like self-driving Uber cars , do you think unskilled San Diegans will struggle to find work in the future? Phil Blair, Manpower

Answer: Yes

The lower your skill levels, the more prone you are to be laid off from your jobs due to automation/technology, outsourcing and irrelevant work. We all have a career manager, and it is us. […]

Uber will wipe out skills not jobs

Uber will wipe out skills not jobs

Uber’s announcement to add self-driving cars to its usual taxi services in the United States is as unexpected as it is indicative of the automated future of the sharing economy. Governments should limit their efforts to regulate the rapidly-evolving sharing economy and instead focus on developing relevant skills. Ride-hailing app Uber recently announced a pilot project testing the use of self-driving cars in the streets of Pittsburgh, Pennsylvania. The announcement was quite unexpected since the technology of automated passenger cars is not even close to hitting the markets. There are major technological flaws to be resolved and regulators have […]