Preliminary results of a global study led by Polish academics on work addiction – defined as the compulsive need to work or engage in work over a long period of time – suggest women are more likely to be work addicted. Australian research lead Rachael Potter from the University of South Australia said workplace culture…

Volkswagen plans to shut at least three German plants, axe tens of thousands of jobs and slash pay by 10%, Daniela Cavallo, the head of VW’s works council, has told employees. “Management is absolutely serious about all this. This is not sabre-rattling in the collective bargaining round,” Cavallo told several hundreds of employees in Wolfsburg….

Leading UK retailers are facing potential damages in equal pay lawsuits, with Asda at the forefront of a claim involving tens of thousands of workers. The case highlights disparities between shop floor workers, predominantly women, and warehouse workers, mainly men. Following a recent tribunal ruling against Next, which found the retailer guilty of sex discrimination,…

In today’s corporate landscape, the importance of work-life balance is increasingly recognised, with a 2023 study by the American Psychological Association revealing that 92% of employees value companies prioritising their emotional well-being. However, 77% still experience high work-related stress. As mental health expert Prakriti Poddar notes: “A balanced, emotionally healthy workforce is critical to success…

Deloitte has cut 250 jobs in the UK, with the firm letting go of staff across its advisory divisions who were deemed to be underperforming. Deloitte last month announced plans to make around 800 redundancies amid a slowdown in demand for its services in a challenging market environment. Richard Houston, senior partner and chief executive…

HSBC chief executive Georges Elhedery has announced a major overhaul of the bank’s structure that will see it split into four key units. Under the plans, which come into effect in 2025, the bank will create separate business units for eastern markets, comprising Asia and the Middle East, and western markets, covering the UK, Europe…