Word: jobbed
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...Establishing a rival to Mars as the world's largest confectioner does not come without challenges, though. Having borrowed heavily to buy Cadbury, Kraft will be under pressure to cut costs and raise margins at the British company. To some, that spells job cuts. The British trade union Unite claimed earlier this month that some 7,000 Cadbury workers would be under threat if the proposed takeover went through. Another analyst, Howard Wheeldon, a senior strategist at BGC Partners, questioned on Tuesday whether the acquisition would herald "a partial breakup" of the British business. (See a TIME video about...
...Absent any explicit assurances on job security, Kraft chief executive Irene Rosenfeld pledged "great respect for Cadbury's brands, heritage and people" in a statement announcing the deal. Keeping those things in mind may be more important than in most takeovers. Founded 186 years ago when John Cadbury, a Quaker, began selling tea, coffee and hot chocolate out of a store in central England, his eponymous firm enjoys an enduring popularity that distinguishes it from, say, Britain's steel manufacturers or electricity companies. Earlier this month, not far from the site of that original store in Birmingham, fans of Cadbury...
After driving them eight hours north to Bloemfontein, the recruiter sold them to a Nigerian drug and human-trafficking syndicate in exchange for $120 and crack cocaine. "[The recruiter] said we could find a job," Sindiswa recalled, "but as soon as we got here, she told us, 'No. You have to go into the streets and sell yourselves.' " The buyer, Jude, forced them into prostitution on the streets of central Bloemfontein for 12 straight hours every night. Each morning, he collected their earnings - Sindiswa averaged $40 per night; Elizabeth, $65. Elizabeth tried to escape three times, once absconding for several...
Despite all the publicity the indictments have generated for Corbett, the anti-corruption campaign got off to an inauspicious start. The first trial, in December, resulted in the acquittal of former Democratic lawmaker Sean Ramaley, who had been charged with having a do-nothing political job with Veon while Ramaley was running for office. Prosecutors say that they have a far stronger case against Veon and the other legislative leaders. Seven legislative aides pleaded guilty to related charges earlier this month and are expected to testify against Veon and others. (See the 25 crimes of the century...
...downtown Washington hotel and gave a speech lambasting Israel for "inhuman" deeds in Gaza. "The timing doesn't suggest someone who is unaware of what he's doing in an international context," says Candar. "The West is relieved to have someone taking on Israel. They've outsourced the job to Erdogan. That's why, when he does the cost analysis of saying these things about Israel, he has the added confidence of knowing that Turkey won't face recrimination from its Western partners either...