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 ›
workers
Amazon.com’s Polish workers demand doubling of their salaries
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 ›
Spinning-off network assets from Telecom Italia (TIM) risks 20k jobs
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 ›
General Motors Co commences cost cutting exercise
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 ›
Volkswagen agrees to 5.5% salary hike for its workers in Mexico
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 ›
Pace of growth of U.S. economy picks up in first quarter
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 ›
Chances of a coalition government led by Angela Merkel increases in Germany
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 ›
General Motors may have to write off its investments in Venezuela
General Motor’s factories in Venezuela have been seized by the government. Crisis laden leftist-ruled Venezuela has seized a plant belonging to General Motors. The American company stated that Venezuelan authorities had illegally seized its plant in the industrial hub of… Read More ›
manageria.biz 