If any company stood to gain from President Donald Trump’s trade war, it was Whirlpool and the workers assembling its iconic appliances in Iowa.
Tag: World at Work
Volkswagen’s plans to close plants in Germany and nearly double planned job cuts to around 100,000 have put the spotlight on its unique governance and ownership structure that have drawn criticism from investors for years.
A Milan prosecutor’s crusading labour investigations have forced companies to grant fuller employment rights to more than 60,000 workers and recouped more than €1 billion ($1.1 billion) in unpaid taxes, but also sparked a heated debate over whether the judiciary in Italy is overstepping its role.
EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking its second major executive change in recent months as it tries to boost profitability amid growing competition.
In the buildup to 2016’s Brexit referendum, JPMorgan CEO Jamie Dimon said the U.S. bank could shift 4,000 jobs from Britain, joining a chorus of executives who warned a vote to leave the European Union would ravage the country’s finance industry.
BMW and staff representatives are preparing for talks after the German premium carmaker issued a profit warning this week and said it would accelerate efficiency measures, a spokesperson for its general works council said on Friday.
Artificial Intelligence will lead to labour shortages, not the replacement of humans, Amazon founder Jeff Bezos predicted in a highly optimistic appearance at the VivaTech technology conference in Paris on Wednesday.
Resident doctors in England have called off strikes due to start next week after the government made a “last-minute” offer that will be put to a vote of union members, the British Medical Association said on Saturday.
The European Cockpit Association plans to publicly call on European regulators on Friday to close a loophole that it says airlines use to avoid labor laws – hiring pilots and cabin crew through outsourcing agencies, rather than as direct employees.
The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year, and potentially giving the Federal Reserve more room to keep interest rates unchanged amid rising inflation stemming from the war with Iran.