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Germans Are Suffering Large Cuts in Real Pay – Bundesbank Report
Date: May 23, 2022
FRANKFURT (Reuters) – Workers in Germany are experiencing large cuts in their purchasing power as modest pay rises fail to keep up with record-high inflation, the country’s central bank said in a report on Monday. In its monthly report, the Bundesbank also said upcoming wage negotiations will need to balance an uncertain economic outlook and...
Move Over: The Women Steering India’s Electric Vehicle Drive
Date: May 18, 2022
By Roli Srivastava and Anuradha Nagaraj PUNE/HOSUR, India (Thomson Reuters Foundation) – Pratibha Kumbhar, a 35-year-old mother of two, is making up for lost time. Trained in soldering, she aspired to a career in electrical work but hemmed saris for her husband’s tailor shop in the west Indian city of Pune until two years ago,...
Deliveroo’s UK Riders Win Collective Bargaining Rights Under Union Deal
Date: May 12, 2022
(Reuters) – Deliveroo said on Thursday it has signed an agreement with trade union GMB to give the food delivery firm’s 90,000 self-employed riders in Britain the rights to collective bargaining on pay and consultation on benefits. The British company said a pay floor will be guaranteed to riders as part of the deal and...
South African Labour Union to Strike at ArcelorMittal Over Wages
Date: May 10, 2022
CAPE TOWN (Reuters) – South Africa’s metal-workers’ union said it will launch a wage-related strike on Wednesday at ArcelorMittal South Africa Ltd after talks with the management over salary hikes hit a deadlock. The National Union of Metalworkers of South Africa (NUMSA) said on Monday it had provided a 48-hour strike notice, in line with...
China Will Roll Out More Support Measures to Stabilise Jobs – Cabinet
Date: May 5, 2022
BEIJING (Reuters) -China will roll out more support measures to help small firms and stabilise employment, including the introduction of policies to support the platform economy as soon as possible, State TV cited country’s cabinet as saying on Thursday. China’s economy has slowed sharply in the second quarter this year, as local authorities raced to...
Henkel to Cut 2,000 Jobs in Face of Rising Costs, Slow Demand
Date: May 5, 2022
BERLIN (Reuters) -Germany’s Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. The job cut and savings targets, announced on Thursday,...