In a significant development, Volkswagen has agreed to a wage deal with Germany’s most powerful union for 120,000 staff, representing 18% of its workforce. The deal with IG Metall sees salaries rise by 2.3% from January 2022. It also includes… Read More ›
Day: April 13, 2021
China crackdowns on Jack Ma’s Ant group with vengeance
In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›