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Volkswagen and labour representatives will hold a fourth round of talks over wage cuts and possible plant closures, in what has become an increasingly bitter standoff that will be flanked by strikes at the carmaker's main German sites on Monday. The latest round of negotiations, which initially kicked off in September, comes as Europe's largest carmaker seeks ways to radically cut costs in Germany to better compete with cheaper Asian rivals that have entered its home market. Negotiations will start at around 1230 CET, while workers will stage 4-hour strikes across nine of Volkswagen's German sites, the second walkouts in a week.

VW, workers clash in latest round of talks over factory shutdowns

Volkswagen and labour representatives will hold a fourth round of talks over wage cuts and possible plant closures, in what has become an increasingly bitter standoff that will be flanked by strikes at the carmaker's main German sites on Monday. The latest round of negotiations, which initially kicked off in September, comes as Europe's largest carmaker seeks ways to radically cut costs in Germany to better compete with cheaper Asian rivals that have entered its home market. Negotiations will start at around 1230 CET, while workers will stage 4-hour strikes across nine of Volkswagen's German sites, the second walkouts in a week.
Reuters 1 hour ago
Australia's Woolworths hikes worker wages to resolve strike action, shares gain

Australia's Woolworths hikes worker wages to resolve strike action, shares gain

(Reuters) -Australia's top grocer Woolworths said on Monday it has reached an agreement with industrial union workers to increase wages, resolving the strike action that had been affecting store service levels at Woolworths supermarkets across Australia. Hundreds of workers joined forces last month to go on an indefinite strike in retaliation against wages and working conditions at the supermarket giant's distribution centers, but the company failed to reach an agreement with the union over wage hikes.
Reuters 5 hours ago
Demand for UK workers crashes in budget aftermath, REC survey shows

Demand for UK workers crashes in budget aftermath, REC survey shows

Demand for workers in Britain collapsed last month after the new Labour government's first budget, a survey published on Monday showed, adding to other signs of the impact of the tax increases on employers. The Recruitment and Employment Confederation trade body and accountants KPMG said their index of demand for staff slid to 43.9, the lowest reading since August 2020, from October's 46.1. "The real question now is whether businesses will return to the market as they go into next year with greater certainty about the path ahead."
Reuters 6 hours ago
Why Florida’s Retirees Are Fleeing — and Where They’re Going Instead

Why Florida’s Retirees Are Fleeing — and Where They’re Going Instead

Once considered the ideal place to live out one's golden years, Florida is quickly losing favor with retirement-aged folks. Remote workers and the wealthy are flocking to the state and driving up home...
GOBankingRates 6 hours ago
Extreme heat puts garment factory workers at risk, study shows

Extreme heat puts garment factory workers at risk, study shows

Workers in some of the world's biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are increasingly exposed to extreme heat as climate change pushes temperatures up, a report found on Sunday, a problem multinational retailers and brands will have to help address. New European Union regulations make retailers selling in the bloc, like Inditex, H&M and Nike, legally liable for conditions at their suppliers, putting pressure on them to help fund improvements to cool factories they source from. In Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh and Karachi, the number of days with "wet-bulb" temperatures - a measurement that accounts for air temperature as well as humidity - above 30.5 degrees Celsius jumped by 42% in 2020-2024 compared to 2005-2009, researchers at Cornell University's Global Labor Institute found.
Reuters 7 hours ago
Your Kids Don’t Want To Support You — 9 Tips To Avoid Being Broke in Retirement

Your Kids Don’t Want To Support You — 9 Tips To Avoid Being Broke in Retirement

A recent trend revealed that boomers in dire financial straits are moving back in with their millennial children, much to those children's chagrin. While it's nice to be able to support your family...
GOBankingRates 7 hours ago
Who won the Powerball? Winning $256 million lottery ticket sold in New York

Who won the Powerball? Winning $256 million lottery ticket sold in New York

We have a winner! A player in New York has the winning Powerball ticket from Saturday's drawing.
USA TODAY 7 hours ago
UCLA offers comp lit course developed by AI

UCLA offers comp lit course developed by AI

In winter 2025, a comparative literature class at UCLA will feature a textbook, homework assignments, and TA resources generated by AI. The class in question is a survey of literature from the Middle Ages to the 17th century, while the materials are generated by Kudu — an “evolved” textbook platform founded by Alexander Kusenko, a professor of physics and astronomy at UCLA. The university says this will be the first class in its humanities division with materials developed by Kudu.
TechCrunch 8 hours ago
5 Major Midwest Cities Where You Can Live the Longest on Nothing but Social Security

5 Major Midwest Cities Where You Can Live the Longest on Nothing but Social Security

Of the tens of millions of Americans who receive Social Security benefits, many have little if any other money coming in. Among Social Security beneficiaries ages 65 and older, 12% of men and 15% of...
GOBankingRates 10 hours ago
Tuition's $9,400, But Some College Students Are Dropping $10,000 On Dorm Room Makeovers

Tuition's $9,400, But Some College Students Are Dropping $10,000 On Dorm Room Makeovers

For many college students, moving into a dorm marks their first taste of independence. While some stick to essentials, others turn their dorm rooms into luxurious spaces with price tags rivaling tuition. According to The New York Times, many students, particularly in the South, are hiring interior designers to transform their dormitories into high-end living spaces. At the University of Mississippi, where instate tuition is $9,400 annually, freshman Lesley Lachman partnered with an interior desi
Benzinga 10 hours ago
Trump will not try to oust Powell as Federal Reserve Chair, president-elect tells NBC News

Trump will not try to oust Powell as Federal Reserve Chair, president-elect tells NBC News

President-elect Donald Trump said in an NBC News interview that he would not remove Jerome Powell as chairman of the Federal Reserve.
USA TODAY 13 hours ago