Business and Economics
Business and Economics News
Over 500 Hinkley C staff on strike as they were refused pay during the “Beast from the East”
Over 500 workers at the Hinkley Point C nuclear site have refused to work and many are currently staging a sit in protest, in the staff canteen. One construction worker, who didn't want to be named said: “The site was shut down from Thursday until late last night, due to the bad weather. However, the management have refused to pay our wages or any subsistence, and left us all out of pocket. "The workers were told this via a text...
London workers in line for a pay rise as employers look to combat talent drain from the city
Workers in London are in line for a pay rise as employers push to attract more candidates. It was a strong start to the year for both employers and professionals, and it’s clear that businesses in the capital were working hard last month to continue attracting talented candidates to their roles. In fact, according to the latest statistics from CV-Library, advertised salaries increased by 2.7 per cent year-on-year across the city. The data, which explored fluctuations in pay, jobs and applications...
4 Ways to Improve Your Business as It Grows Out of the Startup Phase
Every business that ever took off and that eventually shaped up to be viable and recognisable on the market, started off from absolute scratch. It was born out of someone’s mix of dreams, high ambitions and a strong desire for independence. To this end, the entrepreneur had to relentlessly pursue their vision, but to also gradually add ingredients in the mix that would make that idea real, sustainable and ultimately successful. However, business development naturally has its own stages that...
“New” RBS unit contains almost 100% of senior staff from old business that would “let customers hang themselves”
The scandal at RBS doesn’t look like it will over anytime soon after a powerful parliamentary committee discovered more worrying business practices. They said that the vast majority of managers at scandal hit RBS restructuring group, GRG, were handed jobs back in a “new” company, supposedly breaking from past issues. The new unit was set up after the unethical practices at GRG had been exposed, for example one memo to staff said “let customers hang themselves.” GRG was supposed to...
Social markets: New site offers discounts on big ticket products by pooling consumers
A new site has been launched that offers discounts on big ticket products by pooling consumer demand for them. The site, which claims to be the first "social marketplace", connects users and merchants, allowing them to bulk buy products and drive down the prices. Items such as cameras, hoovers and VR technology are being sold at up to 40 per cent off their market price because merchants are selling to entire communities of customers rather than just single punters. According to...
Leading business group backs Labour’s stance on Brexit
Yesterday Jeremy Corbyn set out Labour’s vision for a post-Brexit Britain; he wants the UK to remain part of the customs union to maintain a stable trading block with our European partners. Mr Corbyn also hoped that a “bespoke” arrangement could be reach to ensure that there was no hard border between North Ireland and the Republic. In response to the speech, the CBI (Confederation of British Industry), were glowing with praise to the Labour leader. Carolyn Fairburn, CBI director...
These are the top 40 indicators that you’ve been in your job too long
Realising most other employees are younger than you, being able to poke fun at your boss and having your own mug are all signs you’ve become ‘part of the furniture’ at work. A study of 2,000 office workers has revealed the top 40 indicators that you’ve been in your job too long, including being able to tell if someone has fiddled with your chair settings and colleagues knowing exactly how you like your tea. For a third of employees, being...
KFC “supplier” DHL “does the dirty by sacking loyal workers & slashing their redundancy”
The delivery company who have been involved with the almost complete shut down of KFC has been accused of mistreating its staff. The GMB union claims workers who have shown nothing but loyalty to DHL and are now being thrown out of their jobs through no fault of their own. GMB, the union for warehouse and distribution workers, has accused DHL of ‘doing the dirty’ after staff were given the double hammer blow of losing their jobs and their enhanced...
He did ok out of Carillion! Finance chief sold £750,000 of shares before collapse
In news which will anger huge swathes of the public, not the least the staff who have lost their jobs since the collapse of the outsourcing giant; it has been revealed a top exec at the company made a killing before Carillion’s demise. Richard Adam was the finance director between April 2007 and December 2016, sold off shares between 1 March 2017 and 8 May 2017. He cashed them in for £775,921 only twelve months later they would be worth...