Latest news with #staffcuts
Times
3 days ago
- Business
- Times
‘Freeze taxes' says business lobby after national insurance hit
The government has been warned that taxing business further may endanger its growth mission after new research showed firms are cutting staff in the wake of the recent £25 billion national insurance increase. In a speech at the British Chambers of Commerce's annual conference in London on Thursday, Shevaun Haviland, director general of the business lobby group, will press ministers to ease the cost burden on business. She is expected to say that business was unprepared for the 'size and scale' of the rise in employers' national insurance contributions, which was announced in October's budget and introduced in April. Rachel Reeves met Shevaun Haviland at the Treasury in January and the government will seek to rebuild relations at a the British Chambers of Commerce's Global Annual Conference this week KIRSTY O'CONNOR/TREASURY/ CROWN COPYRIGHT 'As a result, our business confidence measures have fallen to their lowest levels since 2022. For the government to achieve its growth mission, people need to stay in work and businesses need to invest. As always, businesses soak it up and move forward, but they feel like they are wading through treacle,' she is expected to say.
The Independent
3 days ago
- Business
- The Independent
University vice-principal ‘asked to leave' after raising concerns, MSPs told
A former Holyrood minister has told how she was 'frozen out' in a senior post at the University of Dundee and then 'asked to leave' after raising concerns over its finances. Baroness Wendy Alexander, who served as a vice-principal at the university for almost a decade, said by September 2024 she was 'worried about the cash flow'. In a submission to MSPs examining the financial problems at the university – which is seeking to cut staff as part of efforts to deal with a £35 million deficit – she added: 'Within a month I had been asked to leave.' Baroness Alexander, a former MSP who was a minister in the Labour-led Scottish executive, said a former principal had 'made clear' he 'wanted me to leave in early October 2024'. She added this was shortly after she had restated concerns at a retreat attended by senior figures in the university executive group. In a written submission to Holyrood's Education Committee, she told how she had raised concerns in writing on 'financial management issues' – although she said taking such action was a 'lonely experience'. Baroness Alexander said she was 'told not to interfere' in such areas. She added she 'felt punished for speaking out' but insisted she had chosen 'not to be bought off'. Baroness Alexander said she had 'declined the offer of overseas trips at the university's expense to be followed by a generous settlement payment' – claiming this 'seemed unethical and morally wrong'. She also told how she was 'progressively frozen out of meetings' and had her objectives changed, claiming also that data was 'withheld' from her after she 'challenged the absence/adequacy of financial information in September 24'. Her submission was published as the committee continues to take evidence from former senior figures at Dundee University over its financial plight. On Tuesday, Education Secretary Jenny Gilruth announced the Scottish Government is using special powers to award £40 million to the institution. Meanwhile Baroness Alexander said: 'The University of Dundee deserves to recover and continue a proud tradition of teaching and research. 'I hope the committee's deliberations can aid that outcome.'
CTV News
3 days ago
- Business
- CTV News
Vancouver Art Gallery laying off staff
Vancouver Art Gallery laying off staff The Vancouver Art Gallery is cutting back on costs by laying off dozens of staff members.
BBC News
10-06-2025
- Business
- BBC News
West Mercia Police looks to make staff cuts to save money
The police force which serves Shropshire, Herefordshire and Worcestershire plans to make staff cuts to save Mercia Police and the office of the West Mercia Police and Crime Commissioner (PCC) said they had "had to make significant savings and improve efficiencies".Police officer numbers will not be affected but other staff will be asked if they want to reduce their hours or resign.A joint statement said: "We believe these measures, along with a police staff recruitment freeze, will help stabilise our financial position." It added that they had already made a number of redundancies in non-police officer roles which had "helped achieve crucial savings" but more was who resign from either organisation will be receive a lump-sum the police force, or the office of the PCC, have said how many positions will be affected or how much money they aim to January, the West Mercia PCC, John Campion, warned up to 150 staff jobs could go to balance the books. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.
Reuters
09-06-2025
- Business
- Reuters
Asset manager Amundi plans to cut 50 jobs in Italy, document says
MILAN, June 9 (Reuters) - The Italian arm of France's Amundi, Europe's biggest asset manager, has set a target of 50 staff cuts to be achieved by the end of the year, a document it sent to unions on Monday showed. The proposed layoffs amount to 13.8% of a total staff in Italy of 363 people, based on the numbers included in the document, of which Reuters reviewed a copy. The figure is at the lower end of the range Amundi SGR, the company's Italian unit, flagged to unions in the country last month, when it first unveiled plans to reduce its headcount and help the group meet its savings goal and shield profit margins as competition in the sector rises. Reuters was first to report on May 15 of the proposed cuts. A representative for Amundi declined to comment, reiterating the target of yearly savings of between 30-40 million euros starting from 2026 set by the group, as it focuses resources on growth drivers comprising Exchange Traded Funds, technology, Asian markets and third-party distribution accords. Italy is the biggest foreign market for both Amundi and its parent company Credit Agricole ( opens new tab. In 2017 Amundi paid 3.545 billion euros ($4.04 billion) to buy the fund business of UniCredit and struck a 10-year distribution contract which runs out in 2027. ($1 = 0.8769 euros)
