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Workers in Europe are hoping this year's pay round will help restore incomes eroded by higher prices, but the expected boost to their purchasing power could hamper the European Central Bank's efforts...
Workers in Europe are hoping this year's pay round will help restore incomes eroded by higher prices, but the expected boost to their purchasing power could hamper the European Central Bank's efforts to bring inflation back to target. The ECB has singled out wages as the single biggest risk to its 1-1/2 year crusade against inflation. It expects salary growth across the euro zone of 4.6% this year, far more than the 3% pace it considers consistent with inflation at its 2% target.
Photo: Toshifumi Kitamura/AFP (Getty Images) Some Japanese carmakers haven’t experienced the worst of the semiconductor shortage yet, Tesla’s faith in China still isn’t paying off and Rivian owners will have to wait just a little longer for their electric trucks. All this and more in this Friday edition of The Morning Shift for May 28, 2021. Advertisement 1st Gear: Toyota, Honda And Nissan Doing More With Less The titans of the Japanese auto industry would probably love to be able to produce more cars right now, but that just hasn’t been in the cards so far in 2021. That’s alright...
Photo: TGW Systems Inc. Levi Strauss & Co. is building a logistics hub for fashion items and accessories, and appointed TGW to supply an automated fulfillment solution for omni-channel operations. The 170,000 square feet facility is scheduled to go live in November 2023. “We are pleased to have had the opportunity to collaborate with warehouse automation specialist TGW Logistics Group in setting up our MHE systems,” said Torsten Mueller, Project Owner, Levi Strauss & Co. TGW will provide its goods-to-person order fulfilment system, FlashPick. In case of shifting distribution channels (s...