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“Divisive” Tops 2024 Word Of The Year As Workplace Tensions Escalate

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Case in point: Company review site Glassdoor recently crowned divisive as 2024s word of the year in their best and worst of worklife report , published this month. With a word like divisive landing the top spot, we wanted to focus on what terms sparked the most incendiary conversations, the company said. Ford Motor Co.,

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Walmart Cuts DEI Efforts, Drops Racial Equity Center & LGBTQ+ Index

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The company confirmed on Monday that it will not renew its five-year commitment to a racial equity center, established in 2020 following the killing of George Floyd, and will also withdraw from the Human Rights Campaign’s LGBTQ+ inclusion index. Walmart, which employs 1.6 million people in the U.S.,

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Major Japan Firms Agree To Big Wage Hikes Amid Labor Shortages

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Many of Japan’s biggest companies from tech conglomerates to Toyota have met union demands for substantial wage hikes for a third consecutive year, seeking to help workers cope with inflation and retain staff amid labour shortages. Toyota has said it plans to pay more for domestic components to help suppliers fund pay rises.

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A Taiwanese Chip Supplier Is Building A Smart Factory To Address The Labor Shortage

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This week, Taiwan-based ASE Technology Holding, a chip supplier to Apple, announced that it would be creating a new smart factory in order to help accelerate the pace of production to address the chip scarcity. . The factory located in Kaohsiung will be powered by U.S. The factory located in Kaohsiung will be powered by U.S.

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Tourism Decline Threatens Over 230,000 U.S. Jobs

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As spending declines in tourism-heavy sectors, businesses such as advertising firms, law offices, banks, insurance companies, and food suppliers could face reduced demand. Other impacted industries include sports and recreation centers, gas stations, and performing arts organizations. Secondary industries are also at risk.

Travel 240
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GE Aerospace To Invest Nearly $1 Billion In U.S. Manufacturing This Year

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The company will spend $500 million from the total investment to bolster its engine manufacturing capacity and expand several key sites, especially those that support the making of its narrowbody CFM LEAP engine. GE also plans to hire 5,000 U.S. workers this year, including adding roles in manufacturing and engineering operations.

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Mercedes-Benz To Slash 25% Of Office-based Job Costs In China

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Still, the company plans to spend heavily in China in coming years to protect and grow its market share in the country, where new EV-only competitors are swiping up market share from the German carmakers which long dominated sales.

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