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  • SEARS CEO COMES FORWARD TO FINANCE BANKRUPTCY PROCEEDINGS

    SEARS CEO COMES FORWARD TO FINANCE BANKRUPTCY PROCEEDINGS

    News by Editorial Team 15 Oct 2018

    Eddie Lampert has kept his card on the table to partly contribute the $600 million package, brokered to finance company operations during bankruptcy operations. The objective of the whole exercise is to adopt a divestment approach that cuts short the company’s exposure to liquidation. Bank of America, Wells Fargo & Citigroup Inc. are also expected to play key roles in securing finances.

     

    read more at Reuters
  • KOREAN AIR CHAIRMAN DRAGS COMPANY NAME TO IGNOMINY WITH EMBEZZLEMENT

    KOREAN AIR CHAIRMAN DRAGS COMPANY NAME TO IGNOMINY WITH EMBEZZLEMENT

    News by Editorial Team 15 Oct 2018

    Cho Yang-ho had been indicted under charges of embezzling money and violating trust. The anti-establishment sentiment has been on the rise in the country which has filliped courts to move faster against people in power, especially since President Moon Jae- took to the office in 2017. Other high profile names who have been pressed charges against include Chairman of Lotte Group & Samsung’s Jay Y. Lee.

     

    read more at Reuters
  • FORD PEELS-OFF LOSSES WITH LAY-OFFS, ALL THANKS TO TRUMPONOMICS

    FORD PEELS-OFF LOSSES WITH LAY-OFFS, ALL THANKS TO TRUMPONOMICS

    News by Editorial Team 12 Oct 2018

    The company has had to pick its spirit up from the losses worth $1 billion, which it blames is a consequence of the trade war with China. CEO, Jim Hackett has made his intentions clear of restructuring the car maker with an allocated capital of $25 billion. Year to date, the company’s stock is down 29%.   

     

    read more at Fortune
  • IT'S TIME TO VOTE FOLKS!

    IT'S TIME TO VOTE FOLKS!

    News by Editorial Team 12 Oct 2018

    Major employers are joining forces to contribute towards a higher voter turnout this Mid-term election in America. heeding to the dilemma of choosing between Voting or comprising the paycheck, the Time to Vote campaign hopes to deliver positive voter turnout change. As a result, on November 6, brands like Levi Strauss & Patagonia will offer paid-time off while Lyft will put up discounted rides for citizens to show up at polling booths.

     

    read more at Fortune
  • WORLD BANK TO RATE COUNTRIES ON HUMAN CAPITAL

    WORLD BANK TO RATE COUNTRIES ON HUMAN CAPITAL

    News by Editorial Team 11 Oct 2018

    The newly introduced Human Capital Index ranks nations alluding to the effectiveness of their efforts towards education and healthcare. While the ASEAN pack of Singapore, Japan & Hong Kong emerged toppers, South African nations of Chad & South Sudan appeared at the tail-end. Through the list, the World Bank aims to postulate the scope of innovation and a citizenry’s earnings, for its member countries.  

     

    read more at Reuters
  • COMETH BREXIT DAY, BRITAIN WILL RELINQUISH 5,000 FINANCIAL JOBS

    COMETH BREXIT DAY, BRITAIN WILL RELINQUISH 5,000 FINANCIAL JOBS

    News by Editorial Team 11 Oct 2018

    The admission was made by none other than Britain’s Financial Services Minister, John Glen. Financial firms have already shifted 630 jobs overseas within the last six months outside UK borders. Although not due till March, French experts continue to opine on London retaining its position at the helm of the financial world, post-Brexit.

     

    read more at Reuters
  • AMAZON SLICES ITS AUTOMATED RECRUITMENT AFTER DETECTING BIAS AGAINST WOMEN

    AMAZON SLICES ITS AUTOMATED RECRUITMENT AFTER DETECTING BIAS AGAINST WOMEN

    News by Editorial Team 10 Oct 2018

    The machine learning algorithm that was programmed to sift through resumes and point out the best ones, had an inherent partisanship against females. The glitch was discovered as the system was fed candidate applications received in the last 10-years, mostly from men. The parameter inadvertently influenced the computer to not rate people in a gender-neutral manner. 

     

    read more at Reuters
  • JAPAN WANTS ITS MILITARY TO BE MORE INCLUSIVE OF WOMEN

    JAPAN WANTS ITS MILITARY TO BE MORE INCLUSIVE OF WOMEN

    News by Editorial Team 10 Oct 2018

    With growing concerns of a confrontation in the South China Sea, Japan has woken up to the reality that it needs more women on board. The countries’ naval pride, the Kaga warship, has a crew that is 450 strong 9% of which are women. The percentage, though required to be higher, has inspired other divisions of the Japanese military to recruit more females owing to falling birth rates and limited male muscle in foreign territory.

     

    read more at Reuters
  • AIRBUS PICKS ITS NEXT CHIEF EXECUTIVE

    AIRBUS PICKS ITS NEXT CHIEF EXECUTIVE

    News by Editorial Team 09 Oct 2018

    Guillaume Faury has been officially named to succeed Tom Enders at the next shareholder meeting, scheduled to be held in April 2019. Last December, Faury was promoted to lead the company’s plane making division after the exit of Fabrice Bregier. Airbus has been witness to consecutive top echelon exits over the last few months.   

     

    read more at Reuters
  • LINKEDIN EXPANDS ITS PORTFOLIO OF COMPANIES WITH THE ACQUISITION OF GLINT

    LINKEDIN EXPANDS ITS PORTFOLIO OF COMPANIES WITH THE ACQUISITION OF GLINT

    News by Editorial Team 09 Oct 2018

    Jim Barnett, the present CEO of Glint, will be retained along with the startup's present staff which is purported to operate under the flagship of its acquirer. Glint provides employ engagement services to its clients. Apart from its current streams of revenue, majorly premium membership, Lynda.com & recruitment, LinkedIn is said to profit greatly by introducing consumer engagement on its platform.  

     

    read more at Tech Crunch
  • ZUCKERBURG WANTS EMPLOYEES TO EMBRACE LIBERAL VIEWS

    ZUCKERBURG WANTS EMPLOYEES TO EMBRACE LIBERAL VIEWS

    News by Editorial Team 08 Oct 2018

    The CEO, addressing his listeners in a town hall, expressed frustration over the company’s public policy chief, Joe Kaplan’s support for Brett Kavanaugh. The latter was spotted in the judge’s controversial hearings which could have been pounced on by news-hunters considering his standing within the company. Mark also spoke about the importance of having an open mindset in the workplace. 

     

  • INSECURITY BREWS IN THE MINDS OF UK WORKERS OVER LOW WAGES

    INSECURITY BREWS IN THE MINDS OF UK WORKERS OVER LOW WAGES

    News by Editorial Team 08 Oct 2018

    If the surveyed population is anything to go by, less than half of the British-workers feel unsatisfactory about their wages. Other findings revealed ninety percent of the nation’s young population felt at odds with their ruinous financial woes, blaming them for causes of mental ailments. Symptoms presiding the advent of such health issues in patients included constant stress, insomnia, and attention deficits.     

     

    read more at Bloomberg
  • UNION CONTRACT UP FOR FURTHER AMENDS AS WORKERS VOTE AGAINST THE DEAL

    UNION CONTRACT UP FOR FURTHER AMENDS AS WORKERS VOTE AGAINST THE DEAL

    News by Editorial Team 08 Oct 2018

    UPS has its work cut out approaching the next round of talks with the delegates of the International Brotherhood of Teamsters. The union, who put new contract propositions up for a vote to its worker-turnout received an unequivocal response, with 54.3% of the voters dropping nay in the ballots. Discussions are due in order to reward UPS workers justifiably in regards to profit sharing.    

     

  • HEALTHCARE COSTS REACH $20,000 AS PER REPORT FROM KAISER

    HEALTHCARE COSTS REACH $20,000 AS PER REPORT FROM KAISER

    News by Editorial Team 05 Oct 2018

    According to the Kaiser Family Foundation Report, the value for family health insurance coverage has reached a figure of $20,000 in 2018. The employers and employees are jointly covering these expenses with a contribution of $14,100 and $5,550 respectively. Better and cheaper health care alternatives have been the moot point for employers all over the world with Amazon, Berkshire Hathway, and JP Morgan Chase joining forces to reduce the costs and others partnering with hospitals.  

     

  • THIS TIME, THE WEATHER DIDN'T AFFECT JOB-GROWTH NEGATIVELY, THANKFULLY

    THIS TIME, THE WEATHER DIDN'T AFFECT JOB-GROWTH NEGATIVELY, THANKFULLY

    News by Editorial Team 05 Oct 2018

    Hurricane Florence didn’t have an adverse effect on the labor market as per the Labor Department. The belief that extreme weather dilutes foreseeable job growth, didn’t hold up. Rather, the week ending September 29 saw seasonal jobless claims reach 207,00, a drop of 8,000 against last years’. While the signs are positive, it needs to be noted that North & South Carolinas are yet to file their claims, something which could make the jobless claims picture turn on its head.

     

  • THIS HOLIDAY SEASON TO BE THE PRE-LIM ASSESSMENT FOR AUTOMATION

    THIS HOLIDAY SEASON TO BE THE PRE-LIM ASSESSMENT FOR AUTOMATION

    News by Editorial Team 04 Oct 2018

    A recent IDC cross-industry survey of major corporations sheds light on preparations towards implementing wide-scale automation. For instance, Gap (Retailer) would sort the multitude of orders through automated arms & Walmart would pilot in-store robots to ensure inventory supply. As per the survey, 16.5% of the firms were using commercial service robots, however, we could see a steep rise following the success of such plans this Christmas. 

     

  • STUDENT REPAYMENT OPTIONS BECOMING A 'THING' AMONG EMPLOYEE BENEFITS

    STUDENT REPAYMENT OPTIONS BECOMING A 'THING' AMONG EMPLOYEE BENEFITS

    News by Editorial Team 04 Oct 2018

    With Abbott offering tax-saving schemes for professionals entangled into student loans, it appears that global talent management is striving to share a load of their heaviest burdens. The U.S. student loan debt has reached a horrendous $1.5 trillion, which has irked businesses to take some responsibility. In light of the same, many are extending on-campus academic initiatives, expected to drive talent recruitment up. 

     

  • AMAZON TO INCREASE ITS MINIMUM WAGE TO $15

    AMAZON TO INCREASE ITS MINIMUM WAGE TO $15

    News by Editorial Team 03 Oct 2018

    The trillion-dollar company will show a willingness to provide for a better living standard for employees as it lifts its minimum wage barrier from $11. Effective from next month, the move is expected to bear positive results for 250,000 Amazonians across the U.S. The reformed wage package puts the Bezos led behemoth ahead of Walmart, with the expenses calculated to be balanced by the increase in Prime membership. 

     

    read more at Reuters
  • UBER HIRES ITS NEW HUMAN RESOURCE HEAD

    UBER HIRES ITS NEW HUMAN RESOURCE HEAD

    News by Editorial Team 03 Oct 2018

    Uber CEO Dara Khosrowshahi could place a blind bet on the people he’s worked with from time spent at Expedia. Which is probably why he hired Nikki Krishnamurthy, who previously spearheaded Expedia’s HR division, to be the company’s new HR-Head. Nikki, who’d step into the office from October 8, will be tasked to undo the damage her predecessor Liane Horsey did, with accusations of mishandling racial discrimination cases within the firm.

     

    read more at CNNMoney
  • UNIONS FURIOUS WITH IKEA'S TREATMENT OF ITS WORKERS

    UNIONS FURIOUS WITH IKEA'S TREATMENT OF ITS WORKERS

    News by Editorial Team 28 Sep 2018

    The UNI Global Union has staged its protestations in an open letter to its Dutch overlords, submitted to OECD (Organization for Economic Cooperation & Development). Cases of ill-treatment of staff at the hands of store managers have been on the rise particularly in the United States, Ireland, and Portugal. The letter, which seeks Dutch mediation, demands the violation of worker rights to stop and conflicts to be resolved through dialogue. 

     

    read more at Reuters

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