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Workers urge Amazon boss to restore share schemes

Workers urge Amazon boss to restore share schemes

Technology
Dozens of UK Amazon warehouse workers have sent emails directly to Jeff Bezos urging him to restore their employee share and incentive schemes, which they say have been cut in order to fund a promised pay rise. Sky News has seen some of the emails, which mainly come from longer-term workers, who say they have been hit hard by the changes.In one, a worker at a fulfilment centre in Dunfermline warns Mr Bezos that the move "may receive major backlash and some disappointed workers".The email continues: "We take great pleasure in receiving our shares as that is what makes Amazon unique and for people that have children it is a delight to have that extra bonus."In another, a worker who says they have worked for seven years in Amazon's fulfilment centre at Doncaster, tells Mr Bezo...
RBS boss warns of 'another decade of mistrust'

RBS boss warns of 'another decade of mistrust'

Business
The boss of RBS has told Sky News that it could take another decade for British customers to trust banks again. Ross McEwan, the bank's chief executive, also said that the effects of the financial crisis had put Britain on the road to Brexit, because austerity had caused people to want to "change the way they think about things".Mr McEwan has been running RBS since 2013, and has been responsible for the bank's transformation - becoming smaller, and far more focused on its domestic market.But his job remains intrinsically linked to the financial crisis. RBS's biggest shareholder remains the British government, a hangover from the emergency bailout that saved RBS during the financial crisis. In many people's minds, RBS remains the great example of how a corporate body wreaked...
England boss Gareth Southgate ‘verbally agrees’ new deal with FA

England boss Gareth Southgate ‘verbally agrees’ new deal with FA

Sports
four more years According to reports, the 48-year-old will remain as Three Lions manager until after the 2022 World Cup England manager Gareth Southgate has verbally agreed a new contract with the FA which will see him remain in charge of the Three Lions until after the 2022 World Cup, according to reports. The 48-year-old has been in negotiations with the FA over an extended stay after leading the Three Lions to the World Cup semi-finals in the summer. Southgate is expected to be in charge at the 2022 World Cup And according to Sky Sports, he is expected to put pen to paper before the senior squad meet up at St George’s Park on Sunday evening. It is understood the new deal will include a significant pay rise which will see him earn 50 ...
'No-deal' Brexit could cost £60m a day, Jaguar boss warns

'No-deal' Brexit could cost £60m a day, Jaguar boss warns

Business
The chief executive of Jaguar Land Rover has warned that supply bottlenecks resulting from a "no-deal" Brexit could bring to a halt to production at the company's UK car plants. Ralf Speth said that, with JLR producing 3,000 cars daily and relying heavily on "just-in-time" supply chains where parts are delivered shortly before they are used, he would be "very, very concerned" if there were blockages in the supply of parts.He told Sky News: "Just one part missing could mean stopping production at a cost of £60m a day. That is a huge risk."We depend on free, frictionless, seamless logistics."Dr Speth also repeated his warning, made in early July, that a hard Brexit would cost Jaguar Land Rover, the biggest private sector employer in the West Midlands, £1.2bn.He warn...
TSB boss Paul Pester to step down after IT fiasco

TSB boss Paul Pester to step down after IT fiasco

Business
TSB chief Paul Pester is to step down after seven years in charge, in the wake of a major IT failure at the bank.In April this year, customers were left without access to online banking services for several weeks when an attempt to move data to a new computer system went wrong.The bank is still struggling to get its IT systems to work properly.On Monday, it apologised to customers who faced disruption to their online and mobile banking over the weekend.Following Mr Pester's departure, TSB chairman Richard Meddings will take on the role of executive chairman until a new chief executive is appointed.Mr Meddings said: "Although there is more to do to achieve full stability for customers, the bank's IT systems and services are much improved since the IT migra...