Reuters UK Business

MILAN (Reuters) – UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said. Bloomberg News reported earlier on Friday half of the expected job cuts would hit the group’s German operations. UniCredit will unveil …

Unicredit German unit to take significant portion of job cuts under new plan – source Read More »

LONDON (Reuters) – The editor of MailOnline, Martin Clarke, announced on Friday he will stand down after 12 years building the news website. Clarke said he wanted to leave to “pursue new challenges”. He will step down from his job at the end of February, but will “remain available” to the company until the end …

MailOnline’s editor Martin Clarke to stand down Read More »

(Reuters) – Britain’s finance minister Rishi Sunak is preparing to cut income tax by 2 pence to the pound or to slash rates of Value Added Tax (VAT) before the next election, The Times reported on Friday. Sunak has told officials to draw up detailed plans to reduce the tax burden, with a third option …

UK’s Sunak plans to cut income tax or slash VAT before next election -The Times Read More »

(This Dec. 2 story corrects throughout to say “transitional” workers, not “temporary”, replaces the word “permanent” with “legacy”, and removes reference to 30% temporary workers in fourth paragraph) (Reuters) – Kellogg Co said on Thursday it has reached an agreement with the union on a new five-year contract for its employees at a few breakfast-cereal …

Kellogg reaches tentative deal with union after 2 months of strike Read More »

By Paresh Dave and Julia Love SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has seen an increasing number of employees coming in to its offices each week, particularly younger workers, the company’s real estate chief said during an interview at the Reuters Next conference on Friday. On Thursday, Google indefinitely pushed back the mandated return …

Google real estate executive says 5% more workers coming in to office each week Read More »

By David Lawder (Reuters) – The U.S. Trade Representative’s office said on Friday it was committed to legislation strengthening the domestic electric vehicle industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs …

USTR backs efforts to strengthen U.S. EV industry despite objections Read More »

LONDON (Reuters) -British supermarket group Sainsbury’s has postponed all Christmas parties until the new year, fearing the emergence of the coronavirus Omicron variant could lead to higher staff absence levels during the key festive trading period. There have been 42 confirmed cases of the variant in Britain, which appears to be more transmissible, while tests …

UK’s Sainsbury’s postpones Christmas parties due to Omicron emergence Read More »