A Reuter’s poll reveals the stark reality Japanese businesses need to overcome if they are to realize Shinzo Abe’s dream of Womenomics. As much as 75% of the companies are running their boards without any female representatives with many having less than 10% female population to account for. With the recent discrimination scandal at a Tokyo medical school, there needs to be a shift in hiring attitudes who overlook female potential, only for their mid-career household compulsions.
80,000 temporary contractual workers will be on-boarded to balance the spiked footfall this festive season. Of that, 23,500 will be dedicated to managing Macy’s online orders. The remainder shall be deployed for backend and ground-support operations also required to participate in the Thanksgiving Day Parade in NYC. Quarter-4 often accounts for a third of the annual sales for many retailers in the US with boosted-sales playing into stronger New Year stats.
The legislative relaxation created enough breathing space for employers to recruit more offering fairly improved hikes. As a result, 44,000 jobs were added to the economy since July restricting unemployment at 5.3%. Everything seems to tick as the government braces up for upcoming elections in search for inflation drivers. As long as it doesn’t deviate from the current trajectory!
Guido Kerkhoff, the interim replacement of Heinrich Heisinger looks put a wedge between the conglomerate’s engineering and shipbuilding business units, functioning currently as one. Marcel Fasswald is rumored to supervise one of the units, once the newly welded structure’s in place. Word has it that Kerkhoff’s future hangs in the balance, resting on his overseeing the engineering unit.
Morrisons, one of UK’s largest supermarket chains, is facing gender pay disparity claims amounting to well over a whopping £1 bn. Filed by Leigh Day, the suit seeks to compensate women workers at the retailer giant who claim they have received lesser compensation than their male counterparts for similar role in the retailing giant’s distribution centers. The number of eligible workers for the claim number at 80, 000, running the total tab to over a billion pounds. The law firm is also taking other big UK retailers to task under the Equal Pay legislation. Tesco PLC is also being investigated to the tune of £4bn.
.jpg "AEROMEXICO SLASHES BENEFITS, PILOTS WING UP A STRIKE")
Mexico’s largest airline, Aeromexico, is facing a backlash for cutting down on benefits after one of their aircraft crashed in July. The benefits cut-down, which affects around 2,400 pilots was in addition to three pilots who have been fired already. It drew a lot of flak from Asociación Sindical de Pilotos Aviadores (ASPA), the aviation workers’ union in Mexico. The strike, which has been called on the 1st of October, poses significant risk to travelers and business passengers, while also signaling further complications in the already volatile work conditions in global aviation.
Business media has often compared him to the Grand Master of the Jedi order, and he has certainly transcended galaxies in this quest to make the Chinese e-Commerce giant a renowned name worldwide. Now he’s hanging up his lightsaber for good. Jack Ma formally announced his retirement from an active role as the Executive Chairman of Alibaba, making way for his successor Daniel Zhang, currently the CEO of the company. Zhang will transition to the role by September 10th, 2019. Ma will stay on as a director.
As per a New South Wales directive, online degree holders would line the queue from the back when applying to become a teacher. The authorities have cast serious aspersions on the credibility of online-acquired education without concrete proof. With more than 2,220+ schools in its jurisdiction and an economy which is more digital than ever, you wonder if the step itself is backwards than otherwise.
Chief Accounting Officer Dave Morton has put his weapons down within a month of joining due to the attention levels Tesla generates & the pace at work it demands. Meanwhile, as Gaby Toledano, the company’s Chief People Officer continues on her leave of absence, the company has hired a new President of automotive operations, Jerome Guillen. All this top-brass commotion, as Elon smoked a joint on-air with comedian Joe Rogan.
Even though elections are not due until 2022, there could be a possibility of an early voter-call as cracks within the conservative party begin to appear over Brexit. Worsening this is the populist cry of Britain’s Labour party which promises workers with ownership stakes as part of their plan to bring wealth back to the workers. Provided they are elected to rule, companies with more than 250 employees could be mandated to formulate ownership-funds, rewarding workers through profit-sharing.
Mutinous voices have been increasing in number through emailing campaigns, urging everyone to claim their stake in the profits. Following the takeover by Amazon, employees have constantly complained of falling wages and rising layoffs. Although Amazon’s against unionism, it wouldn’t be easy quelling the growing clamour given that the worker efforts are being supported by retail, wholesale department store units.
.jpg "CBS STEPPING TWO BOATS AT ONCE, NEGOTIATING CEO EXIT AND VIACOM MERGER")
The CBS board is in talks with the current CEO Les Moonves discussing his exit over accusations ranging from sexual assaults to unwanted advances. Contemporaneously, the board is negotiating to gain autonomy from the company’s controlling shareholder Shari Redstone and National Amusements Inc. The push for more decision making power comes as members at the topmost echelon transpire a merger with Viacom, as per sources.
.jpg "AIRBNB WORKING ON EXPANDING ITS PORTFOLIO OF SERVICES")
Breaking the image of being a feasible accommodation aggregator, the company is now stepping up efforts to come ahead as a complete hospitality solutions provider. It’s enhanced product offering would target businesses, segmenting their needs under team off-sites, team-building experiences, and relocations. More than 300,000 firms have already engaged with Airbnb for their travel facilitation.
John Borghetti, who spearheaded Virgin Group’s Australian arm has made public his intentions to depart. Being only the second CEO for the company since 2000, it was under his leadership that the carrier rivaled the likes of Qantas Airways Ltd. With no immediate successor in sight, Chairman Elizabeth Bryan mentioned the company is seeking “a CEO that can take on the strategy we have in place.”
The United States will be at the helm of layoffs by GlaxoSmithKline Plc as part of a restructuring program. Of those to lose their bread and butter, 200 would be from back offices in Philadelphia & North Carolina in addition to 450 sales representatives. The finances hence preserved from the act will be directed towards R&D initiatives.
The government will now allow foreign workers, most of whom are Asians, to exit the country without their employers’ approval. The change comes to the relish of many human rights activists who’ve put up a long fight against employee abuse. Work, though still remains to be done on laws such as those which necessitate its 1.6 million foreign workers to seek employer consent to switch jobs.
An ongoing review of the company’s R&D drug facility may end up cutting jobs as per sources. Stakeholder interests are vouching for investment in rights to use promising medicinal breakthroughs of other firms. This outsourcing could further lead to staff reduction from Bayer. The move coined as a business imperative, is part of a broader overhaul which also sees Hartmut Klusik, head of personnel, receive a possible contract extension.
Richard Trumka, head of AFL-CIO who gave his bashing opinion on the President’s approach to revive the worker’s economy probably expected a response sooner than later. His wish granted, Donald Trump responded on Labor day tweeting on poorly represented labor unions for their current state. It should be noted, however, since taking office whereas the Wall Street has seen record growth, the workers haven’t had a major change in fortunes.
Hong Kong and Singapore together birthed an est. 2,000 millionaires/day last year. However, wealth managers are falling short in numbers to position result-bearing talent and increase their Assets Under Management. This has triggered a talent war between rival banks to recruit seasoned individuals hiking their salaries up to 30%. A decade high for compensation growth, professionals, especially Mandarin speaking, could better their finances by some distance moving to the action-packed cities of South-East Asia.
As a part of it’s operational restructuring initiatives, American Auto giant Ford is soon going to stop production of several popular models including popular ones such as the Mondeo and Galaxy. What is alarming to the staff in the company, especially its European Operations, however is the fact that as much as 12% of its workers, numbering as much as 200, 000 could be laid off. This is largely expected to be concentrated in its European Operations. Rumours also abound about a possible joint venture with a rival to tide over the turbulence facing the worldwide automobile industry currently.
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