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...The bank said it had spent $186mn on severance costs in the third quarter alone, with 7,000 jobs jettisoned....
...PwC plans to cut up to 600 jobs in the UK as a plummeting number of resignations at the firm pushes it to make staff redundant instead....
...BlackRock and MFS Investment Management both voted against mining company Glencore’s climate plan earlier this year, new disclosures reveal. ...
...A person familiar with the bank’s plans said some of the job cuts the bank was setting aside money for now would not happen until next year....
...Lloyds’ operating costs were up 11 per cent, in part due to an “elevated” severance charge of £100mn as the lender embarked on a restructuring plan to increase its focus on digital....
...Bumble last week has also announced a restructuring plan that will cut about 30 per cent of its workforce....
...With higher severance costs and longer delays, the costs of adaptation in Europe are about 10 times higher than in the US....
...The company expects to incur a pre-tax charge of between $400mn-$450mn in the current quarter, largely due to severance costs....
...The Taylor Swift effect: Rivalry between Hong Kong and Singapore has always been hot, but tour plans by pop stars are throwing a new light on the competition between the two cities....
...The claim said that, by resigning, Kassan had elected to waive his nearly $10mn severance payment in order to be able to compete with MediaLink....
...But Solomon said there were “no other specific plans on the headcount now”. Citi, on the other hand, hinted that more lay-offs could be coming....
...Schwab and Prudential have in recent days divulged plans to cut about 2,000 and 240 positions, respectively....
...Chevedden has also been active in filing executive pay proposals concerning “golden parachutes”, which are guaranteed severance payments for executives who leave their company....
...At the end of that period, the bank will provide employees who have not been appointed to new roles with details of their severance packages. Citi declined to comment....
...On the first day of the National People’s Congress, the country’s rubber-stamp parliament, Li also outlined a plan to issue Rmb1tn of ultra-long-term special treasury bonds to implement “major national strategies...
...Read more about Maduro’s speech, including plans for the creation of a special military force. 4....
...The biggest US banks spent more than $1bn on severance costs during the first six months of 2023, with lenders such as Goldman Sachs at present working on their annual round of job cuts for the end of the...
...Hunt also announced a “landmark public sector productivity plan”, including funding to update NHS IT systems....
...Things haven’t gone to plan. Passenger numbers have struggled to recover and remain way off pre-pandemic highs....
...Local media reported that the labour reform would be limited to a plan to reduce hefty fines and severance packages that are a major complaint among employers, without touching red-line issues for powerful...
...Prosecutors said the potential wrongdoing related to several high-profile business ventures, including lithium mining projects that were central to both Portugal’s long-term economic plans and the supply...
...Chubb made headlines in March when it said would only underwrite oil and gas projects for clients that could prove they had plans to reduce methane emissions....
...American International Group and Chubb have curbed insurance sales to affluent homeowners in high-risk areas....
...One Musk drama to start: Four former top executives at X, including ex-chief executive Parag Agrawal, are suing Elon Musk for more than $128mn in severance pay that they allege the billionaire owner of the...
...The government chose to save it in June 2020 via a nationalisation plan approved by the European Commission....
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