Americans are seeing the highest levels of inflation in four decades. Earnings from retailers are showing a split in shopping patterns even as prices of everything ranging from toothpaste to TVs have curbed the spending habits of US consumers. While… Read More ›
labor
Airbus signs key restructuring deal with trade unions
In a significant development, major French unions have signed a keenly awaited labor deal with Airbus which covers job reductions and furloughs for production workers who have been affected by coronavirus-blighted demand for passenger jets. The development comes in the… Read More ›
Australia’s Cotton On starts investigating usage of forced prison labor by China’s Zhejiang Yunguang Printing
On Tuesday, Australian clothing retailer Cotton On Group stated, it is investigating a Chinese supplier over fears that it uses forced prison labor. The development comes in the wake of British supermarket operator Tesco PLC suspending ties with the same… Read More ›
Unionized workers of Harley Davidson ratify 5-year labor contract agreement
The agreements cover more than 1,000 employees in the Milwaukee and Tomahawk-area. In a development that marks an increase in benefits for Harley Davidson’s employees, the bikemaker stated, its unionized workers in Milwaukee and Tomahawk, Wisconsin, have ratified a new… Read More ›
Offloading non-core assets will ease VW’s transition into emerging automobile market
Volkswagen’s top management is aiming to transformation the group into a more modern, streamlined company. Although the process is seen as painful, it pays off in the long run. On Friday, the top leader of Volkswagen’s powerful works council said,… Read More ›