On Tuesday, Volkswagen Group Rus stated, the carmaker will suspend car production in Russia following a supply shortage caused by the Wuhan coronavirus outbreak in Europe. Volkswagen Group Rus will stop production at its Russian plant from March 30 to… Read More ›
In a statement Walmart Inc said, it will hire more than 150,000 hourly workers in the United States to help shoppers during the Wuhan coronavirus pandemic. Walmart’s rival Amazon.com Inc has also announced a similar move saying it would hire… Read More ›
The Communications Workers of America union has filed a federal labor charge against Alphabet Inc’s Google accusing the tech giant of firing four employees to deter workers from engaging in union activities. The complaint is likely to trigger a National… Read More ›
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
Amazon.com is facing a labor issue which could ultimately lead to a strike. Trade unions have given Amazon 7 days to come up with workable solution. On Thursday, in a development that marks the latest labor dispute at the world’s… Read More ›
Italy’s government is weighing the pros and cons of spinning-off the fixed-line network of former telecoms monopolist Telecom Italia. On Friday, a source within telecoms union UILCOM disclosed, plans to spin off the fixed-line network of former telecoms monopolist Telecom… Read More ›
As part of the cost cutting exercise, GM, the biggest automaker in the United States, has stopped work on 2 renovation projects and has also offered severance pay to 18,000 of its 50,000 salaried workers across North America. According to… Read More ›
The agreement, which took 2 weeks to negotiate averted a potential strike at one of its biggest plant in Mexico’s central city of Puebla. On Monday, EU’s biggest carmaker Volkswagen AG stated, it has agreed to a 5.5% increase in… Read More ›
Gross domestic product (GDP) estimates for the April-June period, are above the 4% annualized rate and are double the 2.0% pace logged in the first quarter. During the second quarter of 2018-2019, the U.S. economy has continued to maintain its… Read More ›
While Merkel’s conservative party has come to an understanding with the SPD on tax related matters. The lack of a government in Germany, despite an election in September 2017, has weighed on Europe’s largest economy. On Monday, a source disclosed… Read More ›
