Over 1,200 Layoffs at Northvolt Factory Following Unsuccessful Union Negotiations
In a significant turn of events, Northvolt, the Swedish battery manufacturing company, has announced that it will be cutting more than 1,200 jobs at its facility in Skellefteå, Sweden. This mass layoff comes after a series of union negotiations aimed at finding solutions to the challenges the company faces, which have ultimately resulted in no consensus between management and union representatives.
Continue readingTelecom Italia Takes Strategic Step: CEO Authorized to Explore Sale of Sparkle
In a significant development, the board of Telecom Italia has empowered Chief Executive Officer Pietro Labriola to negotiate an offer for its submarine cable business, Sparkle. The decision has assumed significance as it came when Telecom Italia was streamlining its operations and divesting the businesses that were not core to the company.
Continue readingThe Dockworkers’ Dilemma: A Looming Strike Fueled by Technology Concerns
This has been an interesting development which has caught the attention of world trade experts in a spate of polarized attentions whereby striking dockworkers threatened to strike over a critical issue that harks to a broader theme of disruption: the integration of technology in daily operations. The labour dispute does not relate to traditional issues like wages and benefits but to the greater role being reserved for technology in the workforce of ports.
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