Posts Tagged ‘Company News’
John Lewis staff share £151m bonus pot
John Lewis Partnership, the renowned employee-owned department store, has revealed its staff will share a bonus pot of £151 million.
The announcement came after the 146-year-old group said annual pre-tax profits grew 9.7% to £306.6 million.
According to John Lewis chairman, Charlie Mayfield, the company’s 70,000 staff – or partners, as John Lewis refers to them [...]
O2 sets aside £5m for community projects
Mobile phone operator O2 this week announced a £5 million project offering cash-in-hand grants to young people who plan to make a difference in their local communities.
The three year programme, Think Big, will allow 13-25 year olds to apply for a £300 grant to fund projects designed to address local problems as identified by young [...]
Possible strike action at BA as talks fail
Talks aimed at averting industrial action at British Airways (BA) have collapsed and failed to reach an agreement.
Brendan Barber, general secretary of the Trades Union Congress, said: “Despite a prolonged period of negotiations it has not been possible to reach agreement between BA and Unite.”
Last month, BA‘s 12,000 cabin crew members voted to take industrial [...]
BA in talks with union to avert strikes
British Airways (BA) is to resume talks with the Unite union about averting industrial action.
BA‘s 12,000 cabin crew members have vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working for thousands of staff.
Cabin crew members were scheduled to take 12 days of strike action [...]
Vodafone to axe further 375 jobs
Telecoms company Vodafone has announced plans to cut a further 375 jobs as part of its £1 billion cost-cutting programme, undertaken last year by the company as a result of a sharp decline in revenues from its core UK market.
The company, which is the world’s largest mobile phone operator, said the job losses would [...]