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Monarch aircraft engineering goes into administration amid recriminations

The engineering arm of collapsed airline Monarch has gone bust with the loss of 408 jobs. Monarch Aircraft Engineering Limited (MAEL) is “unsustainable in its present form”, administrators KPMG said. Attempts to restructure the firm – taken over in October by Greybull Capital – had failed, KPMG confirmed. The union Unite accused Luton airport-based MAEL […]

Fat Cats: Top Boss pay overtakes staff annual pay in three days

In the first three days of 2019 top bosses will have earned more than the typical worker will earn all year, according to a report. The average pay of a FTSE 100 chief executive is £1,020 an hour, research from the High Pay Centre and HR industry body the CIPD has found. By “Fat Cat […]

Millennials are struggling the most with workplace stress

Happiness at work comes least to millennials, according to new research, with many young adults who are focusing on carving out their career paths taking home the stresses of work. The survey of 1,001 UK adults carried out by one of the UK’s leading healthcare companies, Cygnet Jobs, has revealed that almost 3 in 4 […]

Workers seeking out benefits that deliver real-world connections with colleagues

Employees are increasingly keen for companies to offer them more team-based perks such as company sports teams, according to new research. A study of 2,315 UK workers published in the 2018 Great Perk Search Report by Perkbox shows that employees today are eager for bosses to offer them incentives that they can enjoy with their colleagues, […]

Labour shortages and slowing sales put new year squeeze on UK firms

UK firms are being squeezed by labour shortages, rising prices and a slowdown in sales. More companies than ever before are finding it hard to recruit staff according to the British Chambers of Commerce (BCC). It warned that higher costs meant more manufacturers were expecting to raise prices. The proportion of services firms saying sales […]

Tech became ‘darker and more muddy’ in 2018 says EU commissioner

Data abuse has “darkened” technology’s potential, the EU’s Competition Commissioner has warned. In an interview for the BBC’s Today programme, Margrethe Vestager criticised the tech giants for misusing data and failing to respect citizens’ rights. New EU rules governing what could be done with data provided some protection, she said. But she added that the […]

Oracle co founder Larry Ellison joins Tesla board

Tesla has appointed Oracle co-founder Larry Ellison and Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board. The move further strengthens the board as pledged by founder Elon Musk to the Securities and Exchanges Commission. The SEC fined Mr Musk over misleading tweets that he had funding to take Tesla private. Investors greeted the news by […]

BAE Systems to recruit 700 apprentices: Up by a third on last year

BAE Systems plans to recruit nearly 700 apprentices in 2019, up by almost a third on this year. The defence firm said the new recruits would join its air, land and maritime businesses and embark on one of 25 training programmes. Almost half will be based at the firm’s air sites in Samlesbury and Warton […]