The boss of beleaguered rail firm Govia Thameslink Railway (GTR) is to resign. Passengers have faced major disruption as hundreds of trains were cancelled following the introduction of new timetables in May. GTR, which runs Thameslink, Southern and Great Northern, said chief executive Charles Horton would remain in post for a short time to oversee the development […]
Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation. Middle managers and back-office staff are to bear the brunt of the cuts, which are expected to hit its Derby base hard. The company is refocusing its business on civil aerospace, defence and power systems. About […]
A plumber has won a legal battle for working rights in a Supreme Court ruling expected to have huge ramifications for freelance workers. Gary Smith had worked solely for Pimlico Plumbers for six years. Despite being VAT-registered and paying self-employed tax, he was entitled to workers’ rights, the court ruled. The ruling will be closely […]
The “alpha-male” culture in some financial services organisations is the “overwhelming” reason women give for not wanting to take on senior jobs in the sector, MPs have reported. Firms especially need to change their bonus culture, the Treasury Committee said, as it is perceived men argued more forcefully and got higher rewards. MPs recommended bonuses […]
Taxi app company Uber has applied for a patent to use artificial intelligence to determine how drunk potential passengers might be. The app used to summon rides could also feed other information to the driver, including a passenger’s location, how accurately they are typing and even the angle they are holding their phone at. It could help […]
Wage growth unexpectedly slipped to 2.8% from 2.9% in the three months to April, despite unemployment falling by 38,000 to 1.42 million, official figures show. Economists had expected wage growth to remain steady at 2.9%. The slowdown is likely to dampen expectations of an interest rate rise in August. Wage growth is one of the […]
The country’s biggest public businesses may soon have to publish the gap between the pay of their chief executive and an average worker. Business Secretary Greg Clark says directors of all companies with more than 250 employees will be required to disclose and explain this difference – known as the “pay ratio”. Equal pay campaigners, […]
Severe staff shortages are leading to rapidly rising starting salaries for those moving into new jobs, according to new research. Employers are paying more “to attract the right people”, the Recruitment and Employment Confederation said. Salaries for workers moving into new permanent roles rose at their fastest rate for three years in May, the REC […]
Department store chain House of Fraser is to close 31 of its 59 shops, affecting 6,000 jobs, as part of a rescue deal. If the plan is approved, 2,000 House of Fraser jobs will go, along with 4,000 brand and concession roles. The stores scheduled for closure, which include its flagship London Oxford Street store, […]
Accountancy giant PwC has banned all-male shortlists for jobs in the UK in an attempt to increase the number of women in senior roles at the firm. It said the move was prompted by its recent pay gap report showing men on average earned 43.8% more than women. The company said recruitment was one of the areas […]
