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Car maker Ford announces 7,000 jobs cut globally

US car giant Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs. The plan will reduce Ford’s salaried workforce by 10% and will be made through both voluntary and forced redundancies, according to the firm. Ford said the plan, which includes 2,300 cuts in […]

Seven in ten employees believe technology will enhance their jobs

Changing behaviours and digital natives are transforming the future workplace, attitudes towards automation, and what employees expect of their employers. That’s according to results from a new large-scale study of more than 34,000 consumers across 18 countries from Verint Systems The report – Engagement in the Always-on Era: How Humans and Technology Work Hand-in-Hand to […]

RyanAir cautious on Outlook at profits slide

Ryanair’s profits fell by nearly a third last year to €1bn (£880m) as fuel costs rose and fares fell. Europe’s biggest discount airline added that profits could be lower this year as fares continue to fall. For the current financial year, the carrier said it was ‘cautious’ on pricing and had ‘zero’ visibility for the […]

How the talent acquisition landscape is changing

HR departments must fully embrace the internet age when acquiring new talent, new research has revealed. A survey of 1,167 UK HR professionals carried out by leading digital marketing agency, Marketingsignals.com, revealed that 68% of HR departments are having to embrace a new approach to hiring staff. Although the internet age is firmly upon us, […]

Gig Economy and the Gender Pay Gap: Alive and Kicking

Often underpinned by irregular and late payments, gig economy workers face many vulnerabilities that those in full time work do not face. Sick leave, regular appraisals, and pensions are all things that freelance workers do not have the luxury of receiving despite many being at the same company for a number of years. It is estimated […]

BT Group adopts Employee ownership model for 100,000 staff

Telecommunications organisation BT Group (BT) has launched an employee ownership scheme for its 100,000 worldwide employees, aiming to boost employee engagement and improve customer service. The new ‘yourshare’ scheme will amount to approximately £50 million a year for BT’s global employees; this includes an initial award value of £500 per staff member. Employees will need to hold their shares for a minimum […]

Thomas Cook shares ‘worthless’ says Citigroup

Shares in Thomas Cook have plunged 30% after analysts at a bank said the travel firm’s shares were ‘worthless’. Thomas Cook’s tour operations and airline are worth £738m, but its debt is around the same “and implies zero equity value”, according to Citigroup. Citigroup’s damning conclusion comes a day after Thomas Cook issued its third profit […]

Amazon makes huge investment in Deliveroo

Online giant Amazon has announced a big investment in food courier Deliveroo. The exact figure was not given, but Amazon is the biggest investor in Deliveroo’s latest round of fund raising, which in total raised $575m (£450m). Deliveroo said it would use the money for international expansion, improving its service and to grow its delivery-only kitchens […]

Why Mental Health Awareness Week Matters

by Elizabeth Akass, Editor, Engage Business Media Mental Health Awareness Week is an increasingly notable week in the year, running from 13th to 19th May in 2019. Started by the Mental Health Foundation in 2001, it is a pinnacle annual week for businesses, schools, and communities to normalise opening dialogues and reducing stigma around the […]