In a statement, General Motors Co said, by the end of April it will start producing 1.5 million face masks a month at its Mexican factory, located in the city of Toluca and will aim to produce 9 million masks… Read More ›
employees
Smithfield Foods, biggest U.S. pork processor indefinitely shuts down Sioux Falls, South Dakota, plant due to coronavirus pandemic
Smithfield Foods, the world’s biggest pork processor stated, it will shutdown a U.S. plant indefinitely following a hike in the number of coronavirus cases among employees. It also warned that the country is moving “perilously close to the edge” in… Read More ›
Boeing aims to cut 10% of its workforce
According to a report from the Wall Street Journal, Boeing Co is weighing its options on a job cut, which could involve early retirements and involuntary layoffs and could also involve buyouts. Boeing’s aims to cut its workforce by 10%…. Read More ›
Will not layoff employees because of coronavirus pandemic: BlackRock
In a statement, Larry Fink, the CEO of BlackRock Inc, the world’s largest asset manager, said it will not layoff any of its employees during the year because of the coronavirus outbreak. BlackRock will pay full-time wages to support staff,… Read More ›
British Airways likely to suspend 36,0000 employees
In a news bulletin, BBC News said, IAG-owned British Airways is likely to announce the suspension of around 36,000 employees. The development comes in the wake of the airline reaching a broad deal with Unite union that will include “suspension… Read More ›
American Airlines to apply for up to $12B in govt aid: Internal Memo
In a memo to executives, American Airlines Holdings Inc stated, it aims to apply for up to $12 billion in government aid, and ensure no involuntary layoffs or pay cuts occur in the next six months. Under a stimulus package,… Read More ›
Large U.S. banks expresses gratitude towards frontline workers with special pay packages
According to an internal memo from Wells Fargo & Co, the U.S. bank is set to join its peers in paying out a special compensation package to front-line employees. San Francisco-based Wells Fargo said, it would provide all of its… Read More ›
U.S. SEC warns against opportunistic trading during Wuhan coronavirus market route
In an unusual statement that essentially underscores the chaos coursing through the financial markets, the U.S. securities regulator has warned corporate executives against insider trading. In a statement, the SEC said, company directors, consultants, officers, employees, and other outside professionals… Read More ›
Amazon Inc to hire 100,000 workers to meet surge in demand
With many consumers turning to the web to meet their needs during the Wuhan coronavirus outbreak in the United States, web giant Amazon.com Inc stated, it will be hiring 100,000 warehouse and delivery workers in the United States to deal… Read More ›
GM, FCA, Ford and UAW collaborate to limit Wuhan Coronavirus outbreak
Automakers, including General Motors, Fiat Chrysler Automobiles (FCA) and Ford Motor Co are collaborating to form a task force along with the United Auto Workers (UAW) union to improve protections for their employees and limit the spread of the Wuhan… Read More ›
manageria.biz 