compensation
BankingUK Regulators Propose More Relaxed Rules on Bankers’ Bonuses
Top StoriesSouth Korea Boycotts Japan Memorial Event in Blow for Ties
FinanceBritain’s Fca Consults on Motor Finance Complaints Extension
Top StoriesUK Pay Growth Steady but Firms See Higher Costs Ahead, Brightmine Says
UK Consumer Group Takes on Apple Over iCloud Service
Date: November 14, 2024
LONDON (Reuters) – British consumer group Which? will launch legal action against Apple on Thursday, alleging the tech giant breached competition law by effectively locking millions of its customers into its iCloud service. Which? said Apple encouraged its users to sign up to iCloud to store photos, videos and other data while making it difficult...
UK Watchdog Urges Supreme Court to Act as $21 Billion Motor Finance Scandal Looms
Date: November 13, 2024
By Sinead Cruise and Lawrence White LONDON (Reuters) – Britain’s Financial Conduct Authority is pressing the Supreme Court to expedite a decision to permit lenders to appeal a crucial judgment that may pave the way for a multi-billion pound consumer redress scheme linked to motor finance commissions. The watchdog said it would also consult on...
German Union Says Auto and Engineering Workers to Get 5.5% Wage Rise
Date: November 12, 2024
By Alexander Hübner and Ilona Wissenbach MUNICH/FRANKFURT (Reuters) -Workers at German carmakers and engineering companies will receive a 5.5% wage increase over 25 months under a pilot deal struck with employers, the country’s largest industrial union said on Tuesday. The agreement, hammered out after a marathon 18 hours of tough negotiations, is set to cover...
Germany’s Ig Metall Union Says Agrees Wage Deal for Key Industries
Date: November 12, 2024
By Alexander Hübner MUNICH (Reuters) -Germany’s largest industrial union said it had struck a wage deal in regional talks for the electrical engineering and metal industries on Tuesday, signalling an end to difficult negotiations that saw tens of thousands of workers go on strike. After a marathon 18 hours of talks, the union said it...
UK Regular Pay Rises by Annual 4.8% in Three Months to September
Date: November 12, 2024
LONDON (Reuters) – British average weekly earnings, excluding bonuses, were 4.8% higher in the three months to the end of September than a year earlier, the Office for National Statistics said on Tuesday. Economists polled by Reuters had mostly forecast regular wage growth of 4.7%. (Reporting by Andy Bruce and David Milliken; editing by...
UK Public-Sector Pay Rises to Overtake Private Ones, Employers Say
Date: November 11, 2024
By Suban Abdulla LONDON (Reuters) – British public-sector employers now expect to raise pay faster than their private-sector counterparts for the first time since late 2020, after the new Labour government approved big public-sector pay rises funded in part by higher employer taxes. The Chartered Institute of Personnel and Development said 2,000 employers surveyed from...