VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. “The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW,” Blume told Sunday paper Bild am Sonntag. The … Read more

Reps clarify monthly salaries, remain committed to 50% pay cut

Reps clarify monthly salaries, remain committed to 50% pay cut

Each member of the House of Representatives takes N600,000 as monthly salary against N900,000, which is being speculated by some Nigerians, its spokesperson, Akin Rotimi, has said. Mr Rotimi made the clarification in a statement on Wednesday in Abuja. He reaffirmed the commitment of the House to the 50 per cent deduction in their salary … Read more

Londoner Shares Why She Quit Her Job at a Prestigious Museum and is Happier Getting Paid Less

Londoner Shares Why She Quit Her Job at a Prestigious Museum and is Happier Getting Paid Less

Data found by UKG, a multinational technology company that provides human resource management services, exposed how managers have just as much of an impact on people’s mental health as their spouses. A UKG survey, which studied ten countries across the globe, found that 69 per cent of people have their mental well-being affected by their … Read more

Part-time and Shift Workers Face Holiday Pay Cut of £248 Million Due to UK Rule Change

Part-time and Shift Workers Face Holiday Pay Cut of £248 Million Due to UK Rule Change

Ministers are set to implement a cut in holiday allowances and pay for part-time and irregular workers, potentially impacting staff by up to £248 million annually. The amendment, which comes into effect next month, has raised concerns among workers and labour advocates, prompting calls for a reconsideration of the decision. The government is overhauling the … Read more