News That Matters

Tag: jobs

Betfred to axe 4,500 jobs after FOBT stake cut

Betfred to axe 4,500 jobs after FOBT stake cut

Business
The bookmaker which owns The Tote will axe more than 4,500 jobs if the Government implements plans to slash maximum stakes on gambling machines to just £2. Sky News has learnt that Betfred has told ministers that almost 900 of its shops - more than half its UK estate - will become loss-making overnight if they press ahead with reforms to Fixed Odds Betting Terminals (FOBTs).In a letter to members of the home affairs sub-committee, Mark Stebbings, Betfred's managing director, warned that "much upset and heartache will go into having to make…redundant" close to 4,500 people who work in the potentially loss-making betting shops.Sources said that several hundred staff at the company's Warrington headquarters were also likely to be made redundant if the £2 move ...
Trump seeks to save Chinese jobs at ZTE ahead of trade talks

Trump seeks to save Chinese jobs at ZTE ahead of trade talks

Technology
China has welcomed a pledge from Donald Trump to help save ZTE, one of China's biggest telecoms companies. The firm has suspended operations after the US last month banned American companies from selling it components. ZTE had admitted to making illegal shipments to Iran and North Korea.But Mr Trump has now tweeted he will work with President Xi to help ZTE get "back into business fast", saying too many jobs in China were at risk.China's called the comments "positive". "We greatly appreciate the positive position of the US on the ZTE issue and are in close communication with the US on the details of the issue," foreign ministry spokesman Lu Kang said.US commentators say the tone of the tweet is a dramatic shift for Mr Trump, who has consistently accused C...
BT cuts 13,000 jobs to slash costs

BT cuts 13,000 jobs to slash costs

Business
BT is to cut 13,000 jobs over three years, about 12% of its workforce, as it seeks to slim down its management and back-office roles.The telecoms giant said that the job cuts and other measures would help it to reduce costs by £1.5bn.It added that it would be hiring about 6,000 employees to "support network deployment and customer service".A third of the job reductions will come from outside the UK in its Global Services division.Last year, BT was forced to write down the value of the Italian part of Global Services after an accounting scandal that cost the firm more than £500m.The company also said it intended to move out of its existing central London headquarters and into smaller premises. BT forecast a fall in revenue of about 2% for the 2018-19 financial year. It also said...
The coded ways we talk about jobs

The coded ways we talk about jobs

Finance
Melinda Gates: I've experienced sexism 'all the way through' my career"Lead." "Champion." "Interpret." "Collaborate." These and other "buzzwords" pop up in job listings all the time. But according to researchers, certain words used in job descriptions carry hidden meanings that are often interpreted as either masculine or feminine. Those stereotypes can be so strong that they tend tosplit men and women into different positions and different fields, resulting in "occupational segregation." Sociologists use the term to describe how some industries are male-dominated (like construction and engineering), while others are predominantly female (like education and caregiving). Related: The pay gap isn't just about what you make. It's about what you do. These divides start as early as the first ...
These 8 gig jobs could boost your bottom line in retirement

These 8 gig jobs could boost your bottom line in retirement

Finance
Ella Tyler found a few surprises in retirement that led her to return to the work force.But like many retirees, the work she's doing now in no way resembles what she used to do in her professional career.Tyler, 67, had quit practicing law when she moved to Texas after she got married. But then her husband died. And after Tyler remodelled her house, she realized she needed more money.That prompted Tyler to look for jobs to pick up extra work.She noticed an ad for tutors for the Law School Admissions Test with Varsity Tutors, an online education platform. Now, Tyler keeps busy teaching classes for the LSAT exam, as well as English as a second language and business writing, for up to $ 27 per hour. The extra money, plus the ability to still use her professional skills, has given Tyler new con...