Arne Meiswinkel, the automaker’s chief negotiator, said the plan includes a 10% pay cut and revised bonus system. The measures aim to strengthen the VW brand, which is struggling with weak ...

FRANKFURT, Oct 30 (Reuters) - Volkswagen (VOWG_p.DE), opens new tab has proposed to cut wages at its brand by 10% to tackle weak demand and high costs, the division's personnel chief Arne ...

Specifically, non-agricultural workers in commercial or industrial establishments with more than 10 employees will receive a P33 increase, bringing their daily pay to P513. For smaller businesses with ...

US consumer confidence increased in October by the most since March 2021 on optimism about the broader economy and the labor market. The Conference Board’s gauge of confidence jumped 9.5 points ...

German consumer confidence continued its gradual recovery in October, reaching its highest level since April 2022, according to the latest GfK Consumer Climate report published by GfK and the ...

This morning, Apple announced that Tap to Pay on iPhone is rolling out to more markets, with five new countries across Europe. Tap to Pay on the iPhone is the feature where businesses can use an ...

The average monthly pay increase at Japanese businesses this year rose 2,524 yen from 2023 to a record 11,961 yen, a government survey showed Monday, exceeding the 10,000 yen mark for the first time ...

Consumer Reports has received a a new investment of $5 million from Craig Newmark Philanthropies that will accelerate its vision of a digital marketplace where safety, cybersecurity, and transparency ...

Volkswagen AG’s top labour leader said Europe’s biggest automaker plans to close at least three factories in Germany as part of wide-ranging cost reductions to become more competitive. The plans also ...

Shanghai: China’s latest stimulus measures seem to create a favourable shift in focus toward relying more on boosting consumer confidence as a sustainable growth driver, with bigger fiscal ...

The Fed may have achieved a soft landing, but pessimistic shoppers—especially Gen-X and Millennials—remain a stiff headwind for consumer-facing companies. All those 2023 predictions about a ...

SEATTLE – Microsoft chief executive Satya Nadella received a pay package worth US$79.1 million (S$104.4 million) for fiscal 2024, a 63 per cent increase from 2023 as the software maker worked to ...