Zee Entertainment Enterprises


Layoff Date:

April 7, 2021

Laid Off Employees:


Laid Off Percent:

Source: Exchange 4 Media
"Swedish fashion giant H&M will close 30 shops in Spain and lay off more than 1,000 staff who are currently on furlough due to the pandemic, the company and a union said Tuesday. Hit hard by coronavirus restrictions, H&M said earlier this year it would close 350 of its 5,000 shops worldwide, while opening 100 others in order to adapt to the ""increased digitalisation"" of the retail industry where online sales have soared. The retailer said Tuesday that the redundancy in Spain ""will affect a maximum of 1,100 employees"" and that the closures would be staggered throughout the coming year." "Zee Entertainment Enterprises Ltd (ZEEL) has laid off more than 70 employees across India in the last few weeks. Some of the sources hinted that the number could be as high as 100. It is believed that most of these lay-offs were from the sales team. In a strategic restructuring last year the organization in line with its ‘ZEE 4.0 Strategy’, appointed Rahul Johri as President – Business, South Asia. After that, last month, Rajiv Bakshi was appointed as its Chief Operating Officer-Revenue of the company. The company also onboarded Ashok Namboodiri as the Chief Business Officer for the International Business. "
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