Top CEOs Received 9% Pay Hike In 2022, Employees Took 3% Pay Cut
Around 150 of the top-paid executives in India received $1 million on average last year, a real-term pay rise of 2 per cent since 2021.
Source: india.com
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Germany: Public Service Action Committee calls for vote against wage cuts and to prepare for an all-out strike
The new contract agreed by the Verdi union on Saturday will mean cuts in real wages under conditions of high inflation.
Source: wsws.org
Workers engage in second nationwide warning strike at Deutsche Bahn
The call by the EVG train drivers’ union for another warning strike is a response to the high level of combativeness among rail workers. But this cannot hide the fact that it has long been preparing a sellout.
Source: wsws.org
Tiger Global-backed Open axes 47 jobs, founders take 50% pay cut
As a part of scale-up and profitability, Open said in the statement that it will continue the efforts to make a highly performance-oriented effective organization fit for scale, the statement said.
Source: moneycontrol.com
Harrison Smith Stays Loyal To The Vikings, Takes Huge Pay Cut!
Harrison Smith signed a 1-year deal with the Minnesota Vikings after agreeing to a huge pay cut to help with the salary cap.
Source: kdhlradio.com