compensation
Top StoriesHertz to Pay $168 Million to Settle Over 95% of Wrongful Theft Report Claims
Top StoriesFactbox-What European Companies Are Doing as Workers Face High Inflation
Top StoriesUniCredit to Pay Bonus, Replace 850 Older Branch Staff in Italy
Top StoriesEasyJet in Talks With French Unions to Avert Strike Action
Volkswagen Strikes Below-Inflation Wage Deal, Continues German Trend
Date: November 23, 2022
By Jan Schwartz HAMBURG (Reuters) -Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but above what other employers have yielded in recent weeks. The deal, affecting around 125,000 of the carmaker’s employees, would have been considered exceptionally generous until...
Sunak to Raise Britain’s Minimum Wage -The Times
Date: November 15, 2022
(Reuters) – British Prime Minister Rishi Sunak will increase the national living wage and give 8 million households cost-of-living payments worth up to 1,100 pounds($1,292.61), The Times reported on Monday. Chancellor of the Exchequer Jeremy Hunt and Sunak will accept an official recommendation to increase the living wage from 9.50 pounds an hour to about...
Court Told Musk’s $56 Billion Pay Wasn’t for Punching a Clock
Date: November 15, 2022
By Tom Hals WILMINGTON, Del (Reuters) – A Tesla Inc director and a former executive took the stand on Monday and defended Elon Musk’s $56 billion pay package against a shareholder’s claims that the entrepreneur dictated terms of the deal to finance his dream of traveling to Mars. Tesla shareholder Richard Tornetta hopes to prove...
UK Asset Managers Urge Company Bosses to Show Restraint on Pay Hikes
Date: November 10, 2022
By Huw Jones LONDON (Reuters) – Britain’s asset managers have called on company bosses to steer clear of inflation-busting pay rises as the country grapples with a cost-of-living crisis. The Investment Association, whose 250 members manage assets worth 10 trillion pounds ($11.44 trillion), has written to remuneration committee chairs of FTSE 350 companies, calling for...
Flood-Hit Pakistan Seeks Loss and Damage ‘compensation’ at COP27
Date: November 7, 2022
By Zofeen T. Ebrahim KARACHI, Pakistan (Thomson Reuters Foundation) – Pakistan’s climate change minister, Sherry Rehman, is heading to Egypt for the U.N. COP27 climate summit with one goal: finally getting the world to commit to helping countries like hers deal with the growing “loss and damage” caused by global warming. As richer nations focus...
Cvs, Walmart, Walgreens Agree to Pay $13.8 Billion to Settle U.S. Opioid Claims – Sources
Date: November 2, 2022
By Brendan Pierson (Reuters) -CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have tentatively agreed to pay about $13.8 billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar with the negotiations. The proposed settlement calls for CVS to pay $5...