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...The US group reported a profit before tax of $6.2bn for the year to May....
...Once upon a time, big US companies provided their longtime employees with clearly defined pension benefits that guaranteed them enough to live on for the rest of their lives....
...The SEC’s investor advisory committee were meeting to discuss the consequences of amending US shareholder voting rules, after big pension funds such as the behemoth Calpers had pushed for changes to give...
...Tesla fell 1.8 per cent following reports that a group of Nordic pension funds will formally ask the company to respect collective bargaining for its employees in the region, as the electric car maker ’s...
...Meanwhile, a coalition backed by Oklahoma’s state employees union is challenging efforts there to divest from several large financial institutions based on their perceived opposition to oil and gas....
...Another is that the country has not fostered a competitive market for 401k-style private pensions seen in the US or widespread employer-based plans....
...She gets to be the woman who delivers for the trade union movement what they want....
...And until a year ago, no Amazon warehouses in the US were represented by a union (only one now is)....
...Amazon “adopted union-busting techniques including ‘captive audience’ meetings, where employees are taken off the shop floor to hear anti-union arguments”, our colleague Dave Lee reported....
...Macron ended up yanking his pensions plan once the pandemic hit, but one wonders if he would have ultimately buckled to street pressure....
...and higher workloads for airline employees....
...So far, it has halved the VAT on infant products such as nappies and baby food; extended new financial support for families with four kids or more; and cut taxes on fringe benefits for employees with children...
...And stay tuned for more this week from us at the World Bank and IMF meetings....
...SOC Investment Group, which works with union-sponsored pension funds holding about 1.8 million shares of SBUX, has called on Starbucks to review its succession-planning policy....
...And traditionally you’ve had a kind of ability to plan your life, and a lot of people are looking for that....
...BT’s £47bn pension scheme wrote to MPs this week saying it would be more careful in future. Our conclusion was that most funds will do the same, which will raise costs for sponsoring employers....
...), planning and pensions reforms, and support for advanced manufacturing including clean technologies....
...The AFL-CIO and 11 unions wrote to the SEC last week — two months after the initial deadline for comments — to “clear up any misunderstandings” and express their strong support for the regulator’s plans....
...In 2011 the SEC forced US companies to put executive pay plans to a shareholder vote. Since then, it has been rare for any company to get less than 90 per cent support in a say-on-pay vote....
...Other Macron rivals criticised the revival of his pension reform plans....
...When the PBGC published its “interim final rule” for pension relief in July, it was greeted with a storm of outrage from employers, employees, unions, asset management companies and the bailout’s political...
...Still, economists are divided on how much companies would be willing to increase employees’ pay after resisting for so long....
...The company, known for grocery staples such as Frosted Flakes cereal and Eggo waffles, said in a statement on Thursday the five-year contract would increase pay for all factory employees and boost pension...
...The company, known for grocery staples like Frosted Flakes cereal and Eggo waffles, said in a statement on Thursday the five-year contract would increase pay for all factory employees and boost pension benefits...
...A consortium led by Australia’s biggest pension group and Singtel has agreed to buy the mobile towers business of investment bank Macquarie for A$3.58bn (US$2.68bn), reflecting the growing appetite among...
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