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Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Rivian, which employs 16,700 hourly and salaried workers combined, declined to give the total number of employees affected....
February 21, 2024
LexPeloton Interactive Inc
Stock option re-pricing: downtrodden companies reward workers Premium content
...In a news report this week, Peloton said the company would re-price the stock options of salaried workers to an exercise price of $9.13 per share — its closing price on July 1....
July 7, 2022
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Tesla Inc
Tesla shares slide after Musk reportedly flags cutting 10% of staff
...A follow-up message to all staff on Friday added that the company had become “overstaffed in many areas”, leading to the need for a 10 per cent cut in salaried employees, though the number of hourly paid...
June 3, 2022
US & Canadian companies
Walmart raises basic hourly wage to $11 on tax cuts
...On Friday, Fiat Chrysler joined their ranks, saying it would pay a bonus of $2,000 to about 60,000 FCA hourly and salaried employees in the US, excluding senior leadership....
January 11, 2018
News in-depthWeek in Review
Week in Review, May 20
...The cuts are part of a previously announced plan to trim costs by $3bn this year....
May 19, 2017
Business education
Upstart start-ups: Lessons for small fry taking on big fish
...In a blog post in May, Dalton Caldwell, one of the founders, said: “We are making the difficult decision to no longer employ any salaried employees, including founders.”...
November 30, 2014
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Work & Careers
From glad-rags to online riches
...Now with more than 500 employees, many working from glossy new 55,000 sq ft offices in downtown Los Angeles, the company has grown by more than 500 per cent annually since its inception, helped in part by...
November 26, 2013
Capital markets
Hidden fund costs are hurting investors
...Shame we do not all have access to a scheme like the US Thrift Savings Plan, a pension plan for federal employees....
September 9, 2013
US & Canadian companies
GM cuts $26bn from pension liability
...The move follows a similar proposal by Ford Motor to offer lump sum buyouts to about 98,000 salaried retirees and former employees....
June 1, 2012
US & Canadian companies
Prudential’s GM deal revives annuities
...That will be partly balanced by a narrowing of the funding gap in the company’s pension plan, but the net cost to GM will still be $3bn....
June 6, 2012
Retail & Consumer industry
Japanese convenience stores look to China
...“In Japan, employees are expected to perform many functions, from minding the cash register to making the fast food....
November 21, 2011
US & Canadian companies
Sandler O’Neill considers stake sale
...But he said he had no desire to run a publicly traded company and had no imminent plans to retire....
June 9, 2010
Investment Banking
Lehman old guard uses bankroll and bare knuckles for real estate redemption
...In the end, the estate argued, no offers materialized and the proposed plan emerged as the best option to preserve value....
August 23, 2010
Americas companies
GM chief wary over sales upturn
...The Canadian supplier was seeking to win union support for the savings needed from Vauxhall’s workers in the UK, which last week rejected a cost-saving plan agreed by Opel’s German employees....
October 7, 2009
Work & Careers
‘Turnaround Kid’ bows out
...All but three of its 33 US manufacturing plants have been sold or closed, and none of the remaining facilities is unionised. Meanwhile, the company now has 21 factories and 12,000 employees in China....
October 5, 2009
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
US & Canadian companies
Stock plan for Lehman creditors
...Lehman is considering the future of the industrial bank it operates in Utah and Lehman Brothers Bank, its thrift....
February 1, 2009
IPOs
Chinese bankers look west with chequebook in hand
...employees are disgruntled....
October 17, 2007
News in-depthUS & Canadian companies
‘A precarious situation’: The Ford dynasty takes a hard look at itself
...The company is cutting its North American staff by a third. Of Ford’s 79,200 salaried and hourly workers in North America, 26,500 had left by the middle of this year....
October 28, 2007
US & Canadian companies
GM joins list of companies freezing pension schemes
...He said details of the changes to the salaried pensions would be set out next month and involve either a defined contribution scheme, where employees bear the investment risk, or a cash balance plan....
February 7, 2006
US & Canadian companies
Struggling US airlines thrown a lifeline
...In an attempt to prop up its haemorrhaging balance sheet, the airline said on Tuesday that it would freeze pension plans for management and other salaried employees and replace them with new defined benefit...
July 27, 2005
Companies
Wagoner’s patience wears thin
...But GM has paved the way for fresh negotiations with hourly-paid workers by cancelling this year's merit increases for salaried employees, and reducing contributions to employee stock savings plans by 60...
June 7, 2005

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