The government’s new value for money tzar will be paid a day rate of £950. David Goldstone will take up the position of chair of the new Office for Value for Money, Chancellor Rachel Reeves said during her budget on Wednesday. She said Mr Goldstone would “help us realize the benefits from every pound of … Read more
Good morning. Two tech billionaires started this week with egg on their face, and for once, it had nothing to do with a live product demo. Amazon founder Jeff Bezos and NantHealth founder Patrick Soon-Shiong blocked, each at the eleventh hour, the U.S. presidential endorsements of Kamala Harris by the editorial boards of their newspapers, … Read more
Reaction Engines, the British hypersonic aviation pioneer, has moved to reassure employees that they will be paid this month as talks aimed at rescuing the company continue. Sky News understands that staff at Reaction Engines were told this week that it would meet its payroll obligations for October amid growing doubts about its survival. The … Read more
Boeing workers who are on strike have turned down a new offer from the company, which included a 35% pay increase over four years. The International Association of Machinists and Aerospace Workers (IAM) union stated that 64% of its striking members voted against the proposed deal. Over 30,000 of Boeing’s employees have joined the strike, … Read more
Striking Boeing workers have rejected a labor deal that would have increased pay by 35% over four years, the machinists union announced on Wednesday night. This means that the work stoppage at the Dow Jones aerospace giant will continue. Approximately 64% of union members who voted on Wednesday opposed the tentative agreement that was reached … Read more
Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide workers with air-conditioned trucks. The new agreement, which still needs to be ratified by union members, runs through November 2026. Letter carriers have been working without a new contract since … Read more