CITY VIEWS: ARE YOU WORRIED ABOUT THE EFFECTS OF SWINE FLU ON THE ECONOMY? July 20, 2009 MARK WOOLRIDGE HOME & LEGACY“I think companies will be hit very hard, especially in service-related businesses. If 20 or 30 per cent of staff are off ill, then it will hit the firm’s ability to provide a good service. And if lots of train and tube drivers become ill, then it will really affect transport [...]
General Motors thrashes out deal with workers’ union over healthcare debts May 21, 2009 GENERAL Motors (GM) and the United Auto Workers (UAW) yesterday reached an agreement on contract changes and restructuring $20bn (£12.6bn) in debt owed to a trust fund for retiree healthcare. The tentative agreement, which was reached after a round of intensive talks involving representatives of the US Treasury, will now go to a ratification vote [...]