Comments are closed. LettersOn 8 Jul 2003 in Personnel Today Related posts:No related photos. Previous Article Next Article Thisweek’s letterEmployersget the unions they deserveStevenOverell’s article (Off Message, 24 June) predicting the end of employee andunion partnerships raised some interesting questions.Talkingto engineering union officials in the mid-1990s about ending demarcation andpromoting cross- or multi-skilling, their view was that for years they hadopposed these moves and saw jobs decimated. Therefore, they had to accept thatthe best way of saving jobs was to agree to radical changes in their members’working practices via partnership agreements with employers to try to ensurethe success of the enterprises they worked in.Theresult? They still lost jobs and members as the sweeping tide of globalisationrendered much of British manufacturing uncompetitive.Employerstook the unions’ air of reluctant acceptance as meaning they could do anythingthey liked with their workforces without opposition, since the unions appearedto have agreed that whatever happened was the inevitable result of economicforces beyond their control and that the best they could do was try to ‘rollwith the punches’. Perhaps what has happened now is a belated recognition bysome trade union officials, and at least a proportion of their members, thatthe interests of employers and employees, although closely linked, are notidentical, and that if a conflict arises, managers will put the interests ofthe employer above that of the employees.Thatis, of course, as it should be, as that is what managers are paid for. However,when a workforce reacts against management proposals by taking industrialaction and that action is seen to be successful, the view that this is the onlylanguage that management understands is reinforced.Ifyou believe the only way to influence management decisions in your favour is bythe threat or use of industrial action, then you are more likely to join aunion that is prepared to exercise that power.Itused to be said that employers got the trade unions they deserved. Perhaps thatis becoming true once again.MarkAlcroftPersonnel manager, Burton’s Foods Lightenup ‘man’ and smell the coffeeIdo spot the irony that such a name as Manpower may indeed be viewed by half –more than half, in fact – of the population as degrading (Letters, 17 June).But in my view, such a tag never is.Ispent 18 years in the printing industry, where the tags of ‘manning’,‘manpower’, and ‘chairman’ ruled, and I must say, it has never bothered me.Ihave taken up the title ‘chairman’ on many occasions – actually insisting uponit, resisting the piece of furniture title of ‘chair’ and the title of‘chairwoman’, as well as negotiating ‘manning’ levels with no problem.Afterall, man is only shorthand for woman. Maybe it is men who are always degradedby the ‘man’ terms. It is the way you look at it that counts, not the tag.MadeleineSpanswickConsultant director, Er Peace of Mind Equalityis all about mutual benefitsItis a shame that recent letters in Personnel Today have downgraded discussionabout equality and diversity purely to the level of personal ‘gain’ or ‘loss’as though it were some kind of balance sheet.Fundamentally,diversity is about the overall gain as a whole, through creating a more just,fair and prosperous society.Ata workplace level, this means enabling all employees to contribute in full tothe company or organisation goals, while at the same time achieving individualcareer goals.Forexample, maternity rights were not just introduced as a benefit for women.Children gain by having the opportunity for a more settled start in life.Employers gain by being able to retain skilled and experienced employees. Also,men are now entitled to paternity leave to help balance their familyresponsibilities.Evenif some men (and women) argue that they do not directly gain from maternityrights, then might not these same people have partners, sisters and daughtersfor whom paid time off from work for childcare is important?Longmay the debate about equalities continue, but please let it be centred on howwe can all work together for mutual benefit.PeterYarlettEmployee development manager, London Borough of CroydonITspat shows why outsourcing worksOn6 June, Oracle turned what could have been a fairly routine corporate merger –PeopleSoft’s acquisition of JD Edwards – into a chaotic hostile bid (e-HR, 1July).Oraclesignalled its intention, take-over pending, to do away with the PeopleSoftplatform and migrate its customers to Oracle’s software suite. So what does itmean for the HR outsourcing industry? Oracle’sstrategy, it has been alleged, may have nothing to do with acquiringPeopleSoft. By stating the company is in financial trouble, promising to killoff its products, and pinning its takeover bid on a US$16 (£9.60) per sharebid, Oracle may only seek to irreparably injure PeopleSoft by frightening offits customers.ForHR departments with the wisdom to invest not in software but in solutions, itmatters not who wins the spat. For customers of HR outsourcers, it is someoneelse’s fight, demonstrating outsourcing can be both a cost-saving tool and arisk-management device.GlennK DavidsonChief of market strategy and corporate development, Accenture HRServices
McElhinneys are delighted to be en-route to London for the prestigious Drapers Magazine Awards ceremony.Management at McElhinneys have expressed their delight at being named named finalists in both the Best Department Store UK and Ireland and Best Multichannel Operator UK and Ireland at the Drapers Magazine Independents Awards in London later this month.General manager Martin McElhinney told Donegal Daily, “This is a massive honour for all the team here at McElhinney’s. “We know we wouldn’t be there without the support of our brilliant customers who make it possible for us to do what we do, so THANK YOU.“Not bad for a wee shop from Ballybofey.MCELHINNEYS HEAD TO LONDON FOR PRESTIGIOUS AWARDS CEREMONY was last modified: September 4th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Businessnews
Share Facebook Twitter Google + LinkedIn Pinterest The #3 story of 2015 was: Update on Coy Wolf sighting in OhioAre there crosses between coyotes and wolves roaming the rural areas of Ohio? There is evidence to suggest that is the case and we have photos to prove it. There are clearly plenty of people around the state interested in the topic and other mysteries of Ohio wildlife.
zoomImage Courtesy: Pixabay under CC0 Creative Commons license Japanese shipowner NYK Line has signed a JPY 9 billion (USD 80.6 million) syndicated loan agreement to finance the purchase and installation of scrubbers.This is Japan’s first syndicated loan to be certified by Japan Credit Rating Agency (JCR) with its highest ranking of Green 1, demonstrating the loan to be aligned with the core components of the Green Loan Principles.NYK’s medium- to long-term environmental targets include a 30% per ton-kilometer reduction of GHG emissions by 2030 compared with a 2015 base year, and 50% per ton-kilometer by 2050 compared with the same base year.“NYK will promote green finance and continue its efforts to keep a wide range of stakeholders involved in the company’s proactive approach to environmental investment as the company makes efforts to contribute to realizing a sustainable society with technology that lessens environmental burdens,” the company explained.NYK’s medium-term management plan includes the group’s intent to integrate environmental, social, and governance (ESG) initiatives into management strategy by establishing new medium- to long-term environmental targets.To achieve these goals, NYK was the first company in the global shipping industry to issue labelled green bonds, and after that achievement in March 2018 the company received a green loan from Taiyo Life Insurance Company in December 2018. This new syndicated loan agreement is the third form of green financing for NYK for a total of over JPY 20 billion.
zoomImage by Navingo The corporate family rating of French shipping major CMA CGM was downgraded to B2 from B1 amid the company’s weakened liquidity profile, according to rating agency Moody’s.Additionally, CMA CGM’s probability default rating was set to B2-PD from B1-PD, senior unsecured ratings were downgraded to Caa1 from B3, while the outlook was changed to stable from negative.“Today’s rating action reflects that CMA CGM’s liquidity profile has weakened materially in the last 12 months as a consequence of the acquisition of CEVA Logistics AG, although expected by Moody’s to improve somewhat in 2020,” Daniel Harlid, Assistant Vice President — Analyst and lead analyst for CMA CGM, said.The downgrade of CMA CGM’s rating follows the acquisition of CEVA Logistics, that together with the a large capex programme and difficult, albeit stable, market environment has and will continue to put pressure on the company’s liquidity profile.Given Moody’s base case, where the free cash flow generation of the company leaves very limited room for debt reduction, Moody’s now expects adjusted debt/EBITDA to be sustained above 5x and adjusted FFO Interest coverage to be sustained below 3x during the next 12-18 months.Moody’s notes that CMA GCM has historically shown “good access to capital and that there is some optionality when it comes to delay capex which would improve the current liquidity profile.”Also, Moody’s understands the company is planning to sell a minority stake in Ceva and divest terminals, both of which would improve liquidity.Nevertheless, the rating action reflects that available liquidity has decreased substantially since June 2018, when the company had USD 1.6 billion of cash on balance sheet and USD 1.2 billion of undrawn RCFs. This is in stark contrast with the liquidity position in June 2019, consisting of USD 1.5 billion (of which USD 270 million is at a Ceva level) and only around USD 280 million in undrawn RCFs.As Moody’s currently have a stable outlook on the container shipping sector, expectations on CMA CGM’s operating performance for the next 12-18 months reflects volumes growing with low single digits coupled with some further improvements in operating expenses per TEU (excluding bunker costs).This translates to a Moody’s-adjusted EBIT margin in the range of 3.5%-4.0% and Moody’s-adjusted debt/EBITDA of 5.6x-5.1x. The stable outlook is also based on a successful divestment of terminals for a total amount of at least USD 500 million.
GREELEY, Colo. — The U.S. branch of the world’s largest meat producer will pay $4 million in back wages and other monetary relief as part of a consent decree settling allegations by federal labour officials.The Greeley Tribune reports the U.S. Department of Labor claimed in two actions that JBS USA discriminated based on race and gender against applicants for labourer positions at its facilities in Hyrum, Utah, and Cactus, Texas.The company with U.S. headquarters in Greeley, Colorado, has agreed to pay 12,625 class members at those facilities and hire 1,664 of the applicants.It has also agreed to retain an independent workplace consultant to review and revise its hiring process.Spokesman Cameron Bruett says in a statement JBS USA denies the allegations, but it believes “more can be accomplished through partnership.”___Information from: The Tribune of Greeley, Co, http://greeleytribune.comThe Associated Press
New Delhi: After the “Pradhan Mantri hisab do” campaign, Trinamool Congress unveiled “Jumla Meter” on Tuesday countering BJP’s vision document, released on Monday. Rajya Sabha MP and senior TMC leader Derek O’Brien, addressing a press conference here, pointed out 15 reasons for “how the Bharatiya Janata Party has failed to deliver on its 2014 election manifesto promises.”Countering the saffron party’s promise of strengthening labour-intensive manufacturing, the TMC asserted that unemployment rate of 6.1 per cent was highest in the last 45 years. Also Read – Uddhav bats for ‘Sena CM’On the state and centre relation for national development, the party alleged that “Federal structure is killed, where the ‘Special Category Status’ for Andhra Pradesh has been denied. In fact, inadequate funds are given for flood relief to non-BJP states like West Bengal and Kerala in the last five years.” O’brien also claimed that since the Pradhan Mantri Awas Yojana was launched, only 1.8 per cent sanctioned funds have been utilised. Even in the five years, the average agricultural growth has decreased to 2.9 per cent. The TMC leader further also said the investment in agriculture declined to 18.8 per cent in 2016-17 from 43.2 per cent in 1980-81. Also Read – Farooq demands unconditional release of all detainees in J&KEmphasising on the 2014 poll promise on black money by the BJP, TMC’s ‘ Jumla Meter’ says that “Black Money Taskforce set up by the government made no significant progress in bringing the black money stashed abroad. People named in Panama Papers are not made public, and no significant action has been taken. Demonetisation actually helped in making black money white.” O’Brien asserted that TMC’s priority after coming to power would be to ensure Assembly elections in Kashmir and passing the Women’s Reservation Bill. He also claimed NDA would fall short of a majority and win a maximum of 180 seats. “Our polls say NDA will get 180 seats. Make no mistake BJP, after May 23 TMC will be among the top three parties in Lok Sabha elections and we will come to power along with other opposition parties.” In the 2014 general elections, TMC emerged as the third-largest party with 34 seats, after BJP, Congress and the AIADMK. A three-member TMC delegation would visit the Election Commission on Wednesday at 11.30 am and will hold a press conference outside the Election Commission. They will take up the issue of NOTA button position in the VVPAT panel and the transfer of four senior police officers. On Monday, West Bengal chief minister and the party supremo Mamata Banerjee wrote to the Election Commission protesting the move of the EC.
At the end of a strange day at the Monte Carlo Masters men’s tennis tournament Friday, Novak Djokovic emerged as a growing threat to Rafael Nadal’s No. 1 ranking.The world’s top four players appeared on the Monte Carlo Country Club’s red clay on Friday. Three of the four won. The lone upset victim was the least likely: Nadal had won 30 straight matches on clay before losing to David Ferrer. Like Nadal, No. 4 Roger Federer and No. 2 Djokovic each lost the first set of their matches, but they came back to win and join Ferrer and No. 3 Stanislas Wawrinka in the semifinals Saturday.The loss left Nadal with just 180 ranking points for the tournament, which he had won eight straight times before losing to Djokovic in last year’s final. The loss also dropped Nadal further back in a little-noticed rankings-point race. In the seven months since Nadal won last September’s U.S. Open, Djokovic has amassed 6,830 ranking points to Nadal’s 4,800 (including the results through Friday at Monte Carlo). Federer and Wawrinka aren’t far behind Nadal’s total and they, along with Djokovic and Ferrer, will split the remaining 880 ranking points available in the Monte Carlo tournament. Djokovic, who has won the last four Masters events and is the defending champion in Monte Carlo, is the favorite to collect most of those points.The official rankings are based on the last 12 months, and these split-season rankings aren’t readily available; they’re my best approximation from the players’ ranking breakdowns on their ATP World Tour Web pages. The advantage of these split-season rankings is that they show who has amassed the most points, most recently. Those players who’ve earned points recently are at an advantage in future rankings because points drop off a year after they were earned. About two-thirds of Nadal’s points are due to drop off by the end of the U.S. Open; about 40 percent of Djokovic’s will fall off in that time.Djokovic still has work to do to overtake Nadal for the No. 1 ranking that Nadal seized from him last October. Nadal got there by sweeping the clay events at Barcelona, Madrid and Rome, before winning his eighth French Open. Nadal, the world’s best clay-court player, then looked like its best hard-court player (a title Djokovic mostly has held since the start of 2011) by winning titles in Montreal, Cincinnati and New York — his second U.S. Open title. That sparkling spring and summer still leaves Nadal with a lead of nearly 2,000 points even if Djokovic wins Monte Carlo this weekend. But Nadal may have to repeat his run on clay last year to hold off Djokovic before the tour moves to grass in June.
TCI: More active Hurricane Season predicted and DDME gives thorough update on its readiness Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:DDME, Dr. Virginia Clerveaux, Fire, five cays, NGO, sean astwood, victims Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 24 Sept 2015 – A united front to help victims of disaster; that was the stance taken by the Department of Disaster Management, various NGO’s and members of the community who came together to provide relief for families who lost their homes during Tuesday night’s fire in Five Cays.Three families, 17 people including 11 children were all affected by the blaze; those victims, ranging from 65 years old to as young as two…parents, grandparents and toddlers whose homes are no more.Tuesday’s tragedy drew financial and emotional support for those affected. Dr. Virginia Clerveaux, Director of DDME at a press conference on Wednesday said they have received over 1,000 dollars in cash donations for families. Ocean Club West donated bags of linen and toiletries.Pastor Branford Dean donated $100 dollars for food items while Five Cays representative Hon. Sean Astwood donated $100 dollars per household. Dr. Clerveaux said the families will not be on the streets and that Social Services is working with the victims and the TCI Red Cross says it will continue to help the families. Turks and Caicos is first to add Disaster Management to the Tourism portfolio TCI: Hard-working DDME lauded as Hurricane Preparedness Month officially opened