Latest in Volkswagen aims to cut worker anniversary bonuses amid pay dispute
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Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - 5 days ago -
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Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production
The plane maker plans to book $5 billion in charges on troubled programs and warns of a deeper quarterly loss amid machinists strike.Business - The Wall Street Journal - October 11 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - 2 days ago -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - 5 days ago -
Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - 5 days ago -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - 5 days ago -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - 3 days ago -
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London Underground workers to strike over pay
Aslef and RMT unions announce series of walkouts in NovemberBusiness - Financial Times - October 16 -
Boeing Workers to Vote on New Pay Deal
A proposal for a 35 percent wage hike over four years could end a costly strike, even as the aircraft maker hustles to sell planes and raise cash.Business - Inc. - October 21 -
Boeing Workers Reject Pay Offer as Strike Continues
Strikers rejected a proposal for a 35 percent pay increase over four years by a nearly two-thirds margin.Business - Inc. - October 24 -
Workers warned Budget tax rises will hit their wages
Economists say tax rises in the Budget will mean employers have less to give as pay rises.Top stories - BBC News - 2 days ago -
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Arm cancels Qualcomm’s chip design licence amid legal dispute
The SoftBank-backed company is battling the US semiconductor maker over royalty paymentsBusiness - Financial Times - October 23 -
Apple, Goldman Sachs Ordered to Pay $89 Millions Over Transaction Disputes
The Consumer Finance Protection Bureau ordered the two to pay out over Apple Card disputes.Business - Inc. - October 23 -
Passengers stuck on planes and homes without power
Northern Ireland Electricity restored power to more than 10,000 customers over the course of Sunday.Top stories - BBC News - October 20 -
Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
Volkswagen to close three German factories and lay off thousands of workers, employees say
Volkswagen, Europe’s largest car manufacturer, is planning to permanently shrink the size of its German operations.Business - MarketWatch - 5 days ago -
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Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - 3 days ago -
Paying Workers $10,000 to Move Helped Reverse Tulsa’s Brain Drain
Researchers found that when remote workers were paid to move to Tulsa, Okla., everyone came out ahead.Business - The New York Times - October 16 -
The work sickness timebomb that risks a lost generation of workers
Britain is sick, and getting sicker. Economics editor Faisal Islam unpacks whether the government can get people working againTop stories - BBC News - October 20 -
Striking Boeing workers reject 35% pay rise offer
Earlier, Boeing's boss warned the firm was at a "crossroads" as losses surged to roughly $6bn.Top stories - BBC News - October 24 -
As Workers Head Back to the Office, Some Employers Pay for Workplace Etiquette Tutoring
Pandemic periods of remote work weakened the professional reflexes of many employees, prompting a surge in demand for companies teaching workplace behavior.Business - Inc. - October 25 -
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Gallerist Atsuko Ninagawa on how to navigate Tokyo’s art scene
A tour of the city’s cultural highlights with the co-founder and director of Art Week TokyoWorld - Financial Times - 4 days ago -
Reeves’ Budget measures risk hitting ‘working people’, analysts say
Some businesses will struggle with tax rises alongside a higher minimum wage and new labour lawsWorld - Financial Times - 4 days ago -
Stellantis to shutter and sell large testing facility amid cost-cutting efforts
Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.Business - CNBC - October 18 -
Stellantis to sell, shutter large testing facility amid cost-cutting efforts
DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.Top stories - NBC News - October 18 -
Children must not pay price of council cuts, commissioner says
Local government experts say councils made all the "easy cuts" years ago and still face shortfalls.Top stories - BBC News - October 14 -
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Nomura profits surge as chief takes pay cut over trading scandal
Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversyBusiness - Financial Times - Yesterday -
Fed seen agreeing to quarter-point rate cut, while disputes flare about the road ahead
Next Thursday, economists expect broad agreement among Fed Chair Jerome Powell and his colleagues on a decision to reduce their benchmark interest rate by a quarter-percentage point to a range of ...Business - MarketWatch - 6 hours ago -
Ohtani's historic 50-50 ball sells at auction for nearly $4.4M amid ongoing dispute over ownership
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.Top stories - CBS News - October 23
