Singapore Airlines has announced substantial bonuses for its employees following a record-breaking fiscal year. With a reported net profit of $1.98 billion for 2023-2024, the airline plans to reward its staff with a bonus nearly equivalent to eight months’ salary. This decision comes amidst a strong recovery in air travel, driven by the reopening of…
French tire manufacturer Michelin has taken a bold step to address the plight of its workforce by implementing a living wage policy for its 132,000 employees globally. This move comes after years of advocacy by the company’s leadership, who recognized that many employees were struggling to make ends meet on the existing minimum wage. Michelin’s…
Germany, known as Europe’s industrial powerhouse, is grappling with a severe labor shortage, with approximately two million jobs left unfilled across various sectors. In response to this pressing crisis, numerous companies are adopting a seemingly unconventional approach: implementing a four-day workweek. In early February, 31 German companies initiated a pilot program for the shortened workweek,…
Japanese researchers from Tokyo City University, led by Professor Naruhiko Shiratori, have developed an AI tool aimed at predicting and preventing employee turnover in companies. This innovative tool, based on extensive data analysis including attendance records and personal information, assists in identifying employees at risk of leaving. By leveraging objective data, the AI can suggest…
This year’s spring wage negotiations in Japan have brought significant pay increases, hitting a 33-year high with an average hike of 5.28%. This surge is fueled by robust corporate earnings and labor shortages. The Japanese Trade Union Confederation aimed for a 5.85% raise, but the achieved 5.28% surpasses last year’s figures, marking a notable improvement….