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Factbox-Strikes, Protests in Europe Over Cost of Living and Pay
Date: October 18, 2022
(Reuters) – European countries are facing more strikes and protests due to high energy prices and mounting costs of living. Here are details of some industrial actions and demonstrations. FRANCE Regional train traffic in France was cut by about half on Tuesday as several unions called a nationwide strike. They are seeking to capitalise on...
Inflation Drives Global Firms Eastward in Europe in Search of Cost Savings
Date: October 18, 2022
By Michael Kahn and Anna Koper PRAGUE/WARSAW (Reuters) – Central European companies that provide remote, lower-cost business services for multinationals are ramping up their expansion plans as high inflation drives global firms to push more work to the region to cut costs and bolster margins. From Prague and Warsaw to Budapest, western companies have long...
Royal Mail Warns of Thousands of Job Cuts as It Slides Into Red
Date: October 14, 2022
By Yadarisa Shabong (Reuters) -Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more layoffs if planned strikes go ahead, as the company that is locked in a dispute with its largest union flags even deeper losses this year, sending shares 10% lower. The Communication and Workers Union (CWU), representing...
The Hospitality Sector Has Reached a Tipping Point, What Can We Do?
Date: October 12, 2022
By Evgeniy Chuikov, CEO and Co-Founder of EasyTip The impending recession, the phenomenon of hospitality job vacancies soaring by 75%, and consumer spending not matching the pace of the overall inflation are some of the many challenges lying ahead for the sector. Hospitality employers are struggling to hire and pay the bills, while current employees...
Uber, Lyft Slump as U.S. Proposal on Workers a Potential Blow to Gig Economy
Date: October 11, 2022
(Reuters) – Shares of Uber Inc, Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies from treating workers as independent contractors would raise costs for the barely profitable firms. The U.S. Labor Department’s proposal will require workers to be considered a company’s employees – who...
London Ambulance Service Workers to Vote on Strike Action – Union
Date: October 11, 2022
LONDON (Reuters) -London’s Ambulance Service will ballot its members on whether to carrying out strike action over a pay dispute, the GMB union said on Monday. “GMB members in the ambulance service have been forced to take a stand in order to protect patient care,” GMB organiser Lola McEvoy said in a statement. “They do...