PSA, German union in standoff over Opel's Eisenach plant
The future of Opel's Eisenach factory in Germany hung in the balance on Monday after shop stewards rejected wage concessions demanded by Opel owner PSA Group in exchange for a commitment to invest in a production line for a new model there.
WASHINGTON: Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.
LONDON (Sep 24): A meaningful boost to wage growth still looks elusive for most countries despite a robust global economy over the last year, an annual report on the world’s labor market showed on Monday.
Firms are finding it increasingly hard to hire skilled staff but weak productivity growth is hampering wages, recruitment firm Hays and consultancy Oxford Economics said.
Hays’ gauge of skills shortages across 33 countries hit its highest level in 2018 since the survey started six years ago.