Mercedes Strikes Deal on Cost-Cutting Measures and Job Reductions
Mercedes has agreed on a cost-cutting program with job reductions, offering voluntary buyouts to employees. The plan includes reduced wage increases, mandatory use of vacation days...
wage increases News
ECB's Lane Stresses Importance of Mid-Range Interest Rates for Inflation Control
ECB Chief Economist Philip Lane discusses the importance of mid-range interest rates for controlling inflation, the risks of rapid rate changes, and the impact of future wage incre...
BOJ's Interest Rate Hike Plans in Jeopardy as Small Firms Struggle with Wage Increases
Japan's small firms are struggling with wage increases, casting doubt on the BOJ's ability to raise interest rates. Policymakers are closely watching whether smaller firms can sust...
