20,000 rail workers to strike in July in fresh RMT industrial action June 22, 2023 20,000 rail workers will strike on three days in July, the RMT Union announced today, in a continuation of a long-running pay dispute. RMT members at 14 train companies will take action on 20, 22 and 29 July, dates which coincide with two Ashes tests and the golf Open, after train operators failed to make [...]
Uber to slash 200 jobs in layoff resurgence June 22, 2023 Uber is preparing to cut 200 employees from its recruiting team in its ongoing drive to improve efficiency. The ride-sharing app is slashing over a third of its recruitment division, less than one per cent of its total global workforce, according to sources cited by the Wall Street Journal. It comes as Uber is trying [...]
DS Smith: Inflation can’t keep profits boxed up for Amazon cardboard provider June 22, 2023 DS Smith reported soaring profits and trading in line with expectations in its full year results this morning, as the package specialist continued to show strong resistance to high inflation and rising paper costs. The London-listed group – which delivers boxes and paper products to companies including Amazon and Brewdog – saw pre-tax profits up [...]
Planned Aslef strike by Avanti train drivers in early July is suspended June 22, 2023 A planned strike by train drivers on Avanti West Coast has been suspended. Members of Aslef were due to walk out on July 2 in a dispute over sick notes. The union said the company has confirmed it will remove the sick note policy which was in dispute. Aslef general secretary Mick Whelan said: “As [...]
Volkswagen plans audit of Xinjiang plant after human rights complaint June 21, 2023 Volkswagen is planning an external audit of its factory in Xinjiang after a group filed a human rights compliant with regulators in relation to its operations in the Chinese state. Oliver Blume, Volkswagen’s chief executive, said on Wednesday that the German car manufacturer would commission the audit “as soon as possible,” according to a report [...]
Network Rail must be held to account for poor performance, says minister June 21, 2023 The performance of Network Rail has “not been good enough,” rail minister Huw Merriman said today, stating that the body must be properly held to account to ensure it improves the UK’s rail infrastructure. Speaking at a transport committee hearing, Merriman told MPs that a major challenge for train operators “is the performance of Network [...]
Titanic wreck voyage disaster: Noises detected from search area of missing vessel with British billionaire on board June 21, 2023 Noises have been detected from the search area of the missing deep-sea vessel near the wreck site of the Titanic as those on board face a dwindling supply of oxygen. The submersible, named Titan, lost communication with tour operators on Sunday while about 435 miles south of St John’s, Newfoundland, during a voyage to the [...]
Octopus’ EV leasing business secures £150m to turbocharge electric car take up June 20, 2023 Octopus Electric Vehicles, the energy company’s electric car leasing business, has secured a £150m funding boost, taking its two-year total fundraising total to £650m. The funding will help finance Octopus’ employee benefit scheme, which gives employees at firms who opt in a chance to save around 30-40 per cent by providing the electric vehicle, charger [...]
Karshare journey ends as firm runs out of cash and calls in administrators June 20, 2023 Karshare, the car rental service which raised nearly £10m from a number of wealthy owners, has ceased trading today after running out of cash. It has appointed accountancy firm Azets as an administrator, according to Sky News’ Mark Kleinman. The firm had previously raised close to £10m from a number of wealthy investors, including former [...]
Saga profit expectations ‘well ahead’ of last year but insurance arm weighs down results June 20, 2023 Saga it expects profits to be “well ahead” of the previous year, driven by a strong performance from its ocean cruise and travel section – but its insurance arm continues to weigh it down. The over 50s specialist saw £150m in booked revenue from its travel segment as of this week, 37 per cent ahead [...]