Law

McDonald's joins Wal-Mart, Gap, other cos. in raising wages

Source: 
CNBC

McDonald's said Wednesday it is raising pay for workers at restaurants that the company owns. Here's a look at all the big companies that recently have announced they are boosting hourly wages for their employees:

In February Wal-Mart Stores Inc., the largest private employer in the US, said it will boost its minimum pay to $9 an hour in April and to $10 by February 2016. That means 500,000 employees will get a raise.

American Apparel ex-CEO seeks USD40m in damages

Source: 
CNBC

The former chief executive and founder of hipster clothing brand American Apparel, Dov Charney, is claiming USD40 million in damages for a breach of employment contract, his attorney said.

The company's board ousted Charney in December, six months after suspending him, for allegedly misusing funds and helping spread improper photos of a former employee.

Paytm looks to double headcount in FY16

Source: 
Business Standard

With most players in the sector looking to aggressively ramp up their teams, Indian mobile commerce platform Paytm plans to double its employee base in FY16 from around 3,000 currently. The company has added around 1,500 persons to its total headcount in FY15.

Yahoo China staff in hot demand

Source: 
The Jakarta Post

Yahoo Inc's announcement last week that it was shutting up shop in the Chinese mainland has seen a rush by Internet companies across the country to attract its staff.

As China's booming Internet industry continues to gain momentum, companies are competing fiercely for the best talent.

Japan wage hikes: Are they enough?

Source: 
CNBC

Japan's spring wage negotiations yielded strong results this year, but economists are questioning whether it will be sufficient to help lift the country out of its economic mire.

Employees to get 6-8pc salary increase in China this year

Source: 
Shanghai Daily

Employees can expect to get a salary increase of between 6 and 8 percent in China this year, with the internet sector most willing to offer pay rises to attract top talent, human resource agency Morgan McKinley said in a report on Thursday.

Due to slower economic growth this year, the agency predicted salaries in general to rise between 6 and 8 percent, but the increase could be larger for experts and job-hoppers.

Local Internet companies are most willing to offer a high pay rise to lure highly sought-after expertise.
 

Starbucks teams up with Tingyi to expand ready-to-drink products in China

Starbucks and Chinese leading food and beverage producer Tingyi Holding Corp. (Tingyi) said on Thursday they have entered into an agreement to manufacture and expand the distribution of Starbucks ready-to-drink (RTD) products throughout mainland China.

According to the agreement, Starbucks will be responsible for providing coffee expertise, brand development and future product innovation, and Tingyi will manufacture and sell Starbucks RTD portfolio in China.

Sharp to cut 6,000 jobs, spend over USD1.7b to restructure

Source: 
CNBC

Japan's loss-making electronics firm Sharp plans to cut around 6,000 jobs, over 10 percent of its workforce, in a global restructuring that will cost over JPY200 billion (USD1.7b), a person familiar with the plan said on Thursday.

The job cuts will include around 3,000 in Japan through early retirement and 3,000 overseas, according to the person, who was briefed on the matter but asked not to be named. The company had around 50,000 employees at the end of 2014.

Case Study: Australian Retailer Reaps the Rewards of AM Source Tagging Recirculation Program

Tyco's innovative loss prevention program demonstrates ROI within 12 months for one of Australia’s fashion brands.

A clothing manufacturer behind some iconic Australian fashion labels have partnered with electronic security solutions provider Tyco to deliver Australia’s first source tag recirculation program utilising Sensormatic Acousto-Magnetic (AM) technology.

Source tagging recirculation is an important bridge to RFID for end-to-end visibility

In today’s challenging retail world, businesses have little time to spare. Every day, retailers are under extreme pressure to reduce shrink, improve store operations, increase profits and enhance the customer experience, all at the same time. When every minute counts, time-saving solutions like source tagging, can help.

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