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  • EMPLOYEES TURN TO APPLE FOR RESPITE AS TESLA TREADS A ROCKY-TERRAIN

    EMPLOYEES TURN TO APPLE FOR RESPITE AS TESLA TREADS A ROCKY-TERRAIN

    News by Editorial Team 27 Aug 2018

    Since the turn of the year, 46 employees have accepted employment agreements from Apple signalling, perhaps, an unspeakable discomfort at the car maker. With talks of taking the company private, Elon tends jokes about the former being the ‘Tesla Graveyard’. While that may be an in-house joke, there has been the word of Apple showing weighing its options of purchasing the car-maker, deemed perpetually anaemic in producing its Model 3. 

     

    read more at Fortune
  • TESLA TO HAVE A NEW COMMUNICATIONS CHIEF

    TESLA TO HAVE A NEW COMMUNICATIONS CHIEF

    News by Editorial Team 27 Aug 2018

    Sarah O’Brien will be saying her goodbyes on September 7th as Dave Arnold, the current Sr. Director of Global Communications takes over. A vital function which requires an uncompromising extent of diplomacy, Tesla pays extreme attention to this while still role relying on consumer referrals. Though CEO Elon might make up for lower marketing spends through his online following, yet it’d be interesting to see the approach of the incoming Mr. Arnold.

     

    read more at Bloomberg
  • SIEMENS COULD POTENTIALLY LAY-OFF 20,000 JOBS BY 2020

    SIEMENS COULD POTENTIALLY LAY-OFF 20,000 JOBS BY 2020

    News by Editorial Team 24 Aug 2018

    It was the German engineering company’s CEO, Joe Kaeser who in a roadshow shared the sentiment of reducing the total strength of personnel. Downsizing operations could include departments such as administration, legal finance and even the shared services division. The plan is suspected to be part of Siemen’s 2020 strategy as per Manager Magazin’s Thursday edition. 

     

    read more at Reuters
  • NO MATTER THE TRADE WAR, US UNEMPLOYMENT RATE IS DECLINING

    NO MATTER THE TRADE WAR, US UNEMPLOYMENT RATE IS DECLINING

    News by Editorial Team 24 Aug 2018

    A succession of falling numbers in unemployment benefits fillings over the last few weeks have US economists riddled. Despite an exacerbating trade war with major allies and a greater number of people in the workforce than ever, unemployment numbers are at their lowest since 1969. With the four-week average of claims falling by 5,000 to 1.74 million, analysts have reason to expect room for a further fall in fillings.

     

    read more at Reuters
  • BRITISH WAGE GROWTH HAS LITTLE TO SHOW FOR GROWTH

    BRITISH WAGE GROWTH HAS LITTLE TO SHOW FOR GROWTH

    News by Editorial Team 23 Aug 2018

    Latest sampling from XpertHR records the average British pay rise pushing the brakes. In line with forecasts of the Bank of England, the median annual pay rise from April - June had fallen to 2.3 per cent, a two-year low. The dip, over-shadowed the rewarded pay rises in the 3 months towards June (2.5 %). Even though unemployment is at a 43-year low, yet, the causes for such macroeconomic downturns await unanimous agreement.

     

    read more at Reuters
  • ZOOX DROPS THE BOMB ON TIM KLAY, MAKES HIM EX-CEO WITHOUT WARNING

    ZOOX DROPS THE BOMB ON TIM KLAY, MAKES HIM EX-CEO WITHOUT WARNING

    News by Editorial Team 23 Aug 2018

    Never a dull day in Silicon Valley. In a bombshell development, the autonomous car Startup, Zoox, has decided to oust its CEO Tim Kentley-Klay. Suddenly. Rubbing shoulders with the likes of Google and Uber, the development came without prior notice, as per Tim. Having recently raised $500 million, Jesse Levinson, the other founding father will take up the position of company president. 

     

    read more at Bloomberg
  • GERMANY PROVING WELL-EQUIPPED TO EMPLOY THE REFUGEE INFLUX

    GERMANY PROVING WELL-EQUIPPED TO EMPLOY THE REFUGEE INFLUX

    News by Editorial Team 22 Aug 2018

    With over a million refugees residing in, and more expected to apply for asylum in Germany, the country is proving a hotspot for the dislocated ones seeking shelter from war-struck zones. Corporate establishments in the country have put on a show with on-the-job apprenticeships that will cushion the skepticism erupting from the far-right corners of the Deutschland. As per estimates, every 3 out of four refugees is a contractual labor.

     

    read more at Reuters
  • JOHN SCHNATTER PROVING A TOUGH COOKIE FOR PAPA JOHN'S

    JOHN SCHNATTER PROVING A TOUGH COOKIE FOR PAPA JOHN'S

    News by Editorial Team 22 Aug 2018

    The founder of the pizza chain, post his resignation as CEO last month, is blazing his guns in a scathing approach opposing the company leadership. Launching a web-portal for franchise employees to join him, Schnatter accused his successor Steve Ritchie of running into the wall in the wake of low earnings this quarter. The company has hit back blaming John’s antics for the poor showing.

     

    read more at Bloomberg
  • CREDIT SUISSE APPOINTS NEW HEADS FOR PRIVATE BANKING IN ASIA-PACIFIC

    CREDIT SUISSE APPOINTS NEW HEADS FOR PRIVATE BANKING IN ASIA-PACIFIC

    News by Editorial Team 22 Aug 2018

    With their ex-chieftain Francesco de Ferrari picking his place in Australian Asset Manager AMP Ltd., the bank has divided their Asia-Pacific regions into north & south, being handed over to Francois Monnet & Benjamin Cavalli respectively. The Swiss Banks’ global wealth management business, led by Iqbal Khan, has also been split into seven districts for better efficiency amongst managers.

     

    read more at Bloomberg
  • RICHARD ELMAN REFUSES EXECUTIVE DIRECTORSHIP OF NOBLE GROUP, WILL STAY ON THE BOARD

    RICHARD ELMAN REFUSES EXECUTIVE DIRECTORSHIP OF NOBLE GROUP, WILL STAY ON THE BOARD

    News by Editorial Team 21 Aug 2018

    Elman owns 18 per cent of the firm with having given his nod to a $3.5 Billion debt-to-equity swap, after being offered a seat on the board. With its glorious past long gone, Noble Group has been limping trying to pull its strings together with countless cost-cutting measures. The final vote on restructuring, however, is scheduled for August 26

     

    read more at Reuters
  • THIS IS WHY THE JAPANESE ARE AHEAD OF PRETTY MUCH EVERYONE!

    THIS IS WHY THE JAPANESE ARE AHEAD OF PRETTY MUCH EVERYONE!

    News by Editorial Team 20 Aug 2018

    Facing a labour crisis, Japanese firms have welcomed the opportunity to open national shores to foreign labour, only condition applied being, they are skilled. Industries with the greatest vacuum of labour are farming, car manufacturing & FMCG. Popular for advocating its regionalism vociferously, the government will allow five-year work permits extendible to an indefinite period, for efficient workers.

     

    read more at Reuters
  • THIS TIME THE UNION GETS THE BETTER OF VOLKSWAGEN MEXICO

    THIS TIME THE UNION GETS THE BETTER OF VOLKSWAGEN MEXICO

    News by Editorial Team 20 Aug 2018

    Seems like the Volkswagen workers were able to strong-arm the company and avoid a deadly strike. The chips of the bargain include a 5.5 per cent hike which would be followed with a savings fund increase of yet another per cent, which is in addition to indexed food allowance vouchers. The deal was brokered following two weeks of back and forth.

     

    read more at Reuters
  • FIRED TESLA EMPLOYEE BLOWS THE WHISTLE, TURNING THE GUNS ON THE CARMAKER

    FIRED TESLA EMPLOYEE BLOWS THE WHISTLE, TURNING THE GUNS ON THE CARMAKER

    News by Editorial Team 17 Aug 2018

    Karl Hansen, part of Tesla’s internal investigation team has a lot to say on the company’s employee oversight practices. In his complaint filed with the U.S SEC, he alleges the company of spying on people apart from negligence to an intel of cartel dealings at its Gigafactory. In an explosive filing, Hansen’s lawyer accused Tesla of violating safety protocols to project inflated production numbers. The company in its reply stated “Some of his claims are … false. Others could not be corroborated.”

     

    read more at Reuters
  • WILL GOOGLE KNEEL TO BEIJING FOR ITS ENTRY PASS?

    WILL GOOGLE KNEEL TO BEIJING FOR ITS ENTRY PASS?

    News by Editorial Team 17 Aug 2018

    Human rights groups fear the search engine may give in to the demands of censorship by the Chinese government to launch its mobile search app. The furtive project named Dragonfly gives Google its much-awaited access to a potential largest user database, provided it fulfils few pre-conditions. Company employees have, however, begun to urge representatives for an equal say in formulating service level agreements with their Chinese counterparts, sensing ambiguity as in the case of Project Maven.

     

    read more at Reuters
  • BRITISH EXECUTIVE PAY HIKES SUBJECT WORKER MORALE TO ABNORMAL LOWS

    BRITISH EXECUTIVE PAY HIKES SUBJECT WORKER MORALE TO ABNORMAL LOWS

    News by Editorial Team 16 Aug 2018

    The anomalous conclusion is inferred provided we notice the dissimilarities in worker compensation for the top 100 FTSE firms. The financial year ending 2017, saw the Chiefs raise a toast to a 23% pay hike against a laughable 2.5% for their subordinates. It needs to be noted, the executive pay appears bloated due to gargantuan incentives handed by two firms namely Persimmon & Melrose Industries respectively. Yet, even marginal expectations to close the salary gap now appear a dystopian reality.  

    read more at Reuters
  • 30,000 KIWI TEACHERS STEP OUT TO BRING THE EDUCATION SYSTEM TO A HALT

    30,000 KIWI TEACHERS STEP OUT TO BRING THE EDUCATION SYSTEM TO A HALT

    News by Editorial Team 16 Aug 2018

    As many primary school teachers stepped on the road to express their discontent with the Labour Government’s fiscal policies. NZEI, the teachers’ union argues that worker wages have failed to match the growth in housing prices. The roundtable battle has to be settled between the central-left Government, pleading for relaxation on a 16% demanded hike by the teachers. Prime Minister Jacinda Ardern promised a workable solution suggesting the same would demand prolonged discussions.

     

    read more at Reuters
  • AIR FRANCE CEO TO BE, SPARKS A HEATED DEBATE

    AIR FRANCE CEO TO BE, SPARKS A HEATED DEBATE

    News by Editorial Team 16 Aug 2018

    Air France is set for serious commotion in the next few months as the carrier seeks its next CEO, letting go of Jean-Marc Janaillac who failed to placate the unions. The bookies have placed their bets on the current Air Canada CEO Benjamin Smith. The point of contention, however, is his American ethnicity and his rumoured salary ($3.74 million). Industry analysts, however, do favour his crisis management pedigree having bagged a 10-year settlement with Air Canada flying crew in 2015.  

    read more at Reuters
  • CHILE WORKERS SET AN EXAMPLE IN EMPLOYER NEGOTIATIONS

    CHILE WORKERS SET AN EXAMPLE IN EMPLOYER NEGOTIATIONS

    News by Editorial Team 14 Aug 2018

    Workers in Escondida, Chile, the world’s largest copper mine, set an example in workplace negotiations for workers in the mining industry across the world when they stood their ground and got employer BHP to extend workplace negotiations while calling off a planned strike in the nick of time.

    The biggest concerns in negotiations seem to be the signing bonus and pay increase for every worker in the mine, and has raised national concerns, going so far as to warrant the involvement of Chilean President Sebastian Pinera.

     

    read more at Reuters
  • NETFLIX CFO LEAVES THE BUILDING

    NETFLIX CFO LEAVES THE BUILDING

    News by Editorial Team 14 Aug 2018

    David Wells, the man at the helm of finances in the world’s fastest growing independent media streaming service, will step down from his role as the CFO of the media giant. Netflix, which has seen scorching growth under the current leadership, in which Wells played a crucial role. Wells has maintained that he will remain at Netflix until he transfers his duties to a suitable successor, while the company said that it is actively looking for candidates, both internal and external, for the role. He would like to be a philanthropist in the next stage of his life, Wells said.

     

    read more at Reuters
  • MALAYSIAN INVESTMENT BANKING INDUSTRY BREAKS STEREOTYPES

    MALAYSIAN INVESTMENT BANKING INDUSTRY BREAKS STEREOTYPES

    News by Editorial Team 14 Aug 2018

    Investment Banking has always been considered a man’s game. A cliché that has held sway over multiple generations in most countries across the world. But an unlikely candidate has finally broken the mold. Malaysia, with a majority muslim population, has more number of women chiefs in its national investment banks than men, it was recently reported. Besides, these also include women heads in major financial corporations operating in the country including Credit Suisse and Rothschild. This is the biggest breakthrough in an industry that has a staggering 95% male population in top positions worldwide.

     

    read more at Bloomberg

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