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...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
...The group has said that — from completion of the deal — this pledge would extend to everywhere where the combined group is operating, while this is “subject to any relevant plans” for closures at Virgin...
...TikTok has said that it takes employee concerns “very seriously” and has a strong record of “championing diversity and inclusion”....
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Abrdn has also moved to slash employee benefits, halving redundancy payouts and reducing the length of paid parental leave by about a third, and closed, restructured or merged more than 100 of the group’...
...plan, or ESOP....
...The carried interest regime has been estimated to benefit about 2,550 people, according to a report by law firm Macfarlanes....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
...It was cited by BDO USA’s switch from a partnership to a corporation. This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...plans to save $3tn through higher taxes over 10 years....
...Job moves UBS has hired Biliana Barboutova as the financial sponsors group head in Emea. She previously worked for Deutsche Bank....
...The Sony-backed group plans to keep Benefit One listed and it has already agreed to buy Pasona’s stake in the subsidiary....
...The Isle of Man also has weaker corporate transparency rules than the UK and lower corporation and personal taxes....
...Once people are at Infineon, she argues that they benefit not least from being part of its employee networks, adding that the company has especially active gender diversity groups....
...The building society said it did not plan to “make any material changes to the size of the Virgin Money employee base in the near term”. Virgin Money employs about 7,300 people....
...Dai-ichi Life Insurance, long-viewed as a conservative institution, has launched an unsolicited bid for Benefit One, an employee benefits provider....
...His allies said Labour was looking at how to fill a hole in the opposition’s fiscal plans created by Hunt adopting some of its policies....
...And another scoop to start: The chief executive of BCG said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into...
...with ETG’s plans said....
...Calls from conservative groups such as Blum’s American Alliance for Equal Rights to overturn corporate DEI plans have continued....
...It has also expanded into new areas, becoming more like the sprawling, diversified listed groups whose ranks it plans to join....
...Speaking last week, before the Treasury outlined plans for a major reform of the sector, Carol Young, chief executive of the £73bn Universities Superannuation Scheme, said she had no problem with new disclosure...
...The relief was introduced in spring partly to offset a rise in corporation tax from 19 to 25 per cent and the ending of the more generous pandemic era “super-deduction”, which had been introduced in 2021...
...Finally, one other thing: The husband of a BP employee has been charged with insider trading by the US Securities and Exchange Commission after he allegedly made illegal share purchases having overheard...
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