Staff at Tesco was rewarded with their share of a GBP105 million (USD153.8 million) bonus pot in the grocery giant’s biggest ever shares scheme on 2 June.
The Shares In Success scheme will rewar…
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Tesco staff to receive record shares payout
Honda strike nothing new in China
Did the southern China auto-parts factory strike that paralyzed Honda Motor Co.’s car production in China mark a turning point in China’s labour movement?
According to one expert: not real…
Top management team changes at Australia’s Aldi
Australia’s discount supermarket chain Aldi has confirmed that Michael Kloeters, managing director of the Australian business, will step down at the end of the calendar year.
Tom Daunt, currentl…
Singapore’s Flextronics says it’s unfazed by rival’s pay rises
Singapore’s Flextronics International, the world’s second biggest contract electronics manufacturer, sees no adverse impact from market-leading rival Hon Hai Precision Industry’s dec…
Indian pharma Ranbaxy eyes USD100m in rev. from S Africa ops
Indian drugmaker Ranbaxy expects USD100 million in revenue from its South African operations in 2010, the firm’s CEO Atul Sobti said on Thursday.
The company – majority owned by Japan̵…
Days of work-for-peanuts China’s labour are over
The moment that corporate executives from New York to Tokyo have dreaded has arrived: Chinese workers are demanding a raise.
Higher wages won’t just become the norm because workers feel exploite…
Visa bans banks using China’s UnionPay
Visa Inc. said on Thursday it is introducing a ban on banks using China UnionPay Co.’s network to process international transactions with credit cards bearing the Visa and UnionPay symbols.…
Taiwan’s Foxconn gives 30pc pay rise after suicides
Production line workers at Foxconn’s Shenzhen manufacturing hub will get a 30 percent pay rise, as top customer Apple called recent suicides at the plant troubling but said the site was "no…
Why Wal-Mart wants to take the driver’s seat
Wal-Mart Stores, the world’s largest retailer, has become famous – and at times infamous – for the power it wields over its suppliers. With its USD408 billion in sales for the fiscal…
Tesco CEO pockets USD7.6m
Tesco CEO Terry Leahy was paid GBP5.2 million (USD7.6 million) in salary, bonus and shares last year.
The boss of the UK’s biggest retailer also saw the value of his pension pot jump 16 percent …