Gianni Versace SpA has signed a preliminary agreement with unions on job cuts in Italy and introduced a lower-priced women’s wear collection as part of a plan to return to profitability in 2011.“Two days ago we signed a preliminary agreement,” Chief Executive Officer Gian Giacomo Ferraris said in a telephone interview. “This is the guarantee that our plan as we organized it will succeed.”The accord,...
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Judge: Utah co. can\`t recruit from Idaho rival RateA federal judge has temporarily barred a Utah company from recruiting any employees of an Idaho health and home product company.U.S. District Judge William Downes issued the temporary restraining order last week, barring Max International from recruiting anyone who has been a marketing executive at Melaleuca in the past year and from using any of...
Source : Sify
| 29 Day(s) Ago
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Workers are paying more money into their pensions than their employers for the first time in nearly a decade, figures revealed yesterday.Experts blamed firms for slashing their contributions, forcing workers to fend for themselves.In just one year, British companies cut the amount of money which they put into their employees' pensions by £4billion - a 9 per cent drop.Tom McPhail, head of pensions research...
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TOKYO (Reuters) - American Airlines and its partners in the Oneworld alliance sweetened their offer to Japan Airlines to $1.4 billion to keep the struggling national carrier from joining hands with rival Delta Air Lines.The announcement came as JAL shares plunged 45 percent to a record low, wiping out nearly $900 million in market value, on growing expectations the airline is headed for bankruptcy...
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code.Facebook now allows you to reply to wall posts, status updates, and photo comments via e-mail, eliminating the need to log into your account first. The move comes as a welcome convenience to many - in particularly, deskbound workers whose company bans Facebook at the workplace., doesn't appear available to all users yet - myself included. My hunch is it will take hours, maybe days, for the functionality...
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his budget proposal this week, Mayor Michael Bloomberg had chilling news for New York City’s 300,000 workers. With a $4.9 billion deficit projected for the coming year, he said, the city will have to renegotiate benefits and cut its work force. That was a hard but necessary truth, and Mr. Bloomberg must now steel himself for months of wrestling with the city’s powerful unions.The mayor and his aides...
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Joanne Segars just won’t give up. For the best part of a quarter of a century she has been beating the pensions drum – often without anyone, especially politicians, caring to listen – but she shows little sign of keeping quiet.As chief executive of the National Association of Pension Funds, she represents the interests of about 800 occupational pension schemes that between them manage assets of £800...
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Basic salaries have been raised while bonuses have been cut for executives of many banking institutions.Reuters has reported that a survey by consultancy Mercer has shown changes were made to annual bonuses and short-term incentives in response to calls for leaner compensation packages after the financial crisis.Some 65 percent of banks had increased basic salaries, while 88 percent decreased the weighting...
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Facebook Inc. has confirmed on Thursday it will build a 147,000-square-foot data center in Prineville, Oregon.Mark Zuckerberg, Founder and Chief Executive Officer, Facebook, U.S.A. , attends a session at the World Economic Forum (WEF) in Davos January 30, 2009. (REUTERS)It will be the first corporate-owned data center for the world's largest social networking service with more than 350 million users,...
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Frequently changing employers can make it more difficult to save for retirement. The median job tenure of American workers was 5.1 years at the same job in 2008, according to a newby the Employee Benefit Research Institute. Many pension formulas reward long-term and highly paid employees more than workers with a shorter job tenure. Some job hopping workers also move in and out of retirement plan coverage...
Source : usnews
| 24 Day(s) Ago
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