Industry News – General developments across sectors
Burberry has announced a significant cost-saving initiative that will result in approximately 1,700 job cuts, nearly 18% of its workforce, by the end of its 2027 financial year. This restructuring is part of the company’s strategic plan, dubbed “Burberry Forward,” aimed at simplifying operations and enhancing financial discipline. Source: Human Resources Online Key Points Burberry […]
The NSW government is shaking things up in the workers compensation arena to tackle escalating psychological injury claims and poor return-to-work rates. Currently, only half of workers with psychological injuries are back on the job within a year, while claims have surged over the last six years. The proposed Workers Compensation Legislation Amendment Bill 2025 […]
The CBI chair Rupert Soames has spoken out about the government’s Employment Rights Bill, claiming that ministers have failed to heed business concerns regarding the proposals at the recent Acas annual conference. The bill includes controversial measures like curtailing zero-hour contracts and granting new employee rights at the start of employment. Key Points Soames criticises […]
Washington State’s recent legislative session has transformed various aspects of employment law, affecting everything from hiring to layoffs. Employers need to be aware of and prepare for these significant changes, which will impact operational processes materially. Key Points New laws affect all stages of employment, including recruitment, background checks, and layoffs. HB 1747 Amends Fair […]
The UK government has unveiled plans in a recent immigration white paper which proposes to increase English language requirements for migrants. As a result, employers may need to change their hiring strategies to adapt to these new guidelines. Key Points The English language requirement for skilled workers will be raised from B1 to B2 level […]
Artificial Intelligence (AI) is a game-changer, but it comes with its own set of risks — from cybersecurity issues to bias and ethical concerns. To harness the full potential of AI while keeping these pitfalls at bay, organisations need a solid governance, risk, and compliance (GRC) framework tailored specifically for AI. A recent survey showed […]
Citi is planning to let go of up to 200 IT contractors in China as part of its strategy to streamline its workforce and enhance data governance. This move comes after regulatory scrutiny over data management systems and aligns with the bank’s shift towards hiring full-time staff for its technology needs. Source: The Business Times […]
With the increasing reliance on artificial intelligence, it’s crucial for organisations to create a governance, risk, and compliance (GRC) framework tailored specifically for AI. This ensures that while they harness the benefits of AI, they also mitigate risks tied to cybersecurity, data privacy, and ethical use. Source: Original Article Key Points Only 24% of enterprises […]
The UK government is taking action that could potentially block bonuses for executives at Thames Water, a company currently facing severe financial difficulties. During a recent environment select committee meeting, Thames Water’s chair, Adrian Montague, revealed alarming financial instability, indicating the company may run out of money soon. He also mentioned plans for some executives […]
Ben Watson shares insights on the current state of AI adoption in organisations, noting that despite heavy investment, only 1% describe their use of AI as successful and mature. He emphasises the importance of a people-first approach to AI integration, where culture, mindset, and leadership play crucial roles. The Illusion of Progress Many organisations are […]
