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  • November 27, 2014
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  1. News - World - LABOUR

    Fast-food workers in global protest to demand higher pay, and union rights

    Posted May 16th 2014, 10:46pm by BLOOM

    ... labour costs "is not the comprehensive solution to income inequality" and will "only hurt business owners' ability to create entry-level jobs", the US National Restaurant Association said in a statement. Nationally in the US, minimum-wage increases have drawn opposition from businesses groups, which argue that it makes them more reluctant to hire. The Congressional ...

  2. News - Hong Kong - LABOUR

    Should Hong Kong’s employees have the legal right to ask for flexible working terms?

    Posted Aug 20th 2014, 12:46pm by Phila Siu

    ... process. "Modern businesses know that flexible working boosts productivity and staff morale, and helps them keep their top talent," Britain's Deputy Prime Minister Nick Clegg said in June. Henderson said there were very few roles that could not be flexible. He said Regus research showed it costs US$19,000 a year to provide someone with a desk in capital cities around ...

  3. News - World - LABOUR

    US bosses and workers test benefits of ‘unlimited’ vacations

    Posted Jan 02nd 2014, 09:40pm by AFP

    ... Agence France-Presse in Washington More employees and bosses are testing the benefits of 'unlimited' vacations Work rules taking a holiday in America American businesses ... weeks. Thompson, 32, whose job entails helping businesses reduce their property taxes, earning Ryan a percentage of the savings, says he sometimes leaves at lunchtime to do errands or work out. ...

  4. Business - Banking & Finance - LABOUR

    HSBC expected to axe up to 5,000 more jobs to save US$1b

    Posted Mar 19th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com HSBC expected to axe more jobs to save US$1b HSBC may announce further job cuts as part of a strategy to reduce costs. The bank will offer an update ... overhaul, the Financial Times reported. Stuart Gulliver, the chief executive of HSBC, said the group would seek a further US$1 billion in annual savings this year. The number of jobs ...

  5. Business - Banking & Finance - LABOUR

    British banks cut 189,000 jobs, take staff numbers to nine-year low

    Posted May 29th 2013, 12:00am by Bloomberg

    ... have declined by £1.7 trillion since 2008. HSBC, Europe's biggest bank, has eliminated US$4 billion of expenses after selling or closing down 52 businesses since Stuart Gulliver succeeded ... for the banks, fell 1 per cent to about £37 billion in 2012 from 2008 after Barclays expanded its investment bank with the acquisition of the North American business of Lehman Brothers. That compares ...

  6. News - Hong Kong - LABOUR

    CY Leung gives biggest hint yet that controls on overseas labour may be loosened

    Posted Jan 21st 2014, 04:45am by Johnny Tam, SHIRLEY ZHAO

    ... foreign workers to cut costs. “We have a system to introduce overseas labour, which is enough for the labour shortage in some sectors,” said Wong. “The business sector just wants to get around the system and to import labour [without limits] and without any legislation. This is impossible for us to accept.” Simon Wong Ka-wo, president of the Federation of Restaurants and Related Trades, ...

  7. News - Hong Kong - LABOUR

    All-day standing drives shopping mall restroom cleaners round the bend

    Posted Mar 22nd 2014, 04:28am by SAMUEL CHAN, LO WEI

    ... at the busiest time of the day, mopping the floor or cleaning cubicles would not take up the entire 60 minutes of an hour," said a 60-year-old who is closely supervised as he keeps a busy restroom ... the woman, in her 50s, has not done so again. "It would be nice if there was a chair for us to rest on," she said. "They don't even allow us to eat an apple. They said, 'Your ...

  8. Business - China Business - LABOUR

    Hong Kong-owned mainland factories brace for return of collective bargain debate

    Posted Oct 18th 2013, 04:31am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Industry body warns that such a scheme would force more HK-owned factories out of business Collective bargaining debate returns Hong Kong factories ... add to the woes of Hong Kong manufacturers and force some of them out of business. Already the number of Hong Kong factories in the Pearl River Delta has shrunk by a fifth to about 40,000 from ...

  9. Business - Banking & Finance - LABOUR

    UBS lifting salaries to retain staff: sources

    Posted Jun 01st 2013, 12:00am by Bloomberg

    ... if business conditions stay the same, one person said. Average total compensation for senior employees at UBS trailed US competitors including JP Morgan Chase and Morgan Stanley in 2012, according ... because the plan has not been made public. The average increase for employees in its advisory and trading businesses would be about 9 per cent, one person said. Some of the Zurich-based ...

  10. News - Hong Kong - LABOUR

    Myanmese domestic helpers asked to pay high agency fees to work in Hong Kong

    Posted Feb 05th 2014, 11:52pm

    ... agency, Gold Mine International, had invested HK$1 million in the business, according to its Hong Kong partner, which said it was legal to charge workers this much. But advocates for domestic ... in months," said Law Yiu-keung, managing director of the Golden Mind Employment Agency in Hong Kong. He said the workers would make HK$4,010 a month in Hong Kong, five times more than the US ...




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