Word: jobbing
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...often denied proper overtime pay, according to one of the largest recent studies of wage-law violations. Interviews with nearly 4,400 people in sectors such as retail and child care found that on average, workers did not receive 15% of their rightful pay. Employees injured on the job also reported widespread pressure not to file for workers' compensation...
...Luxembourg Record Job Losses in the E.U. Unemployment in the 16 countries that use the euro as their currency reached a 10-year high of 9.5% in July, though the pace of increase has slackened since earlier this year. Spain has been battered by the crunch--nearly 1 in 5 adults, and 38.4% of citizens under the age of 25, are jobless--while the Netherlands has weathered the downturn nicely, with just 3.4% of its residents out of work. Analysts say the figures underscore the growing gap between more economically stable euro-using countries, such as France and Germany...
...should he. Bloom is a pioneer when it comes to worker buyouts, in which the employees of a faltering firm buy an ownership stake to prevent plant closings or job losses. The idea of an economy of worker cooperatives may seem utopian, and the notion of using the tools of modern finance to do so absurd. But Bloom and his mentor at Lazard, Eugene Keilin, helped prove it possible—and did so with no less than the largest airline in the nation: United...
...What, then, does Bloom’s appointment signal? His job encompasses a broad range of industries, from the steel mills he has helped organize in his position with the United Steel Workers to the Big Three automakers—Ford, General Motors, and Chrysler—in Detroit. Bloom and Keilin have already proven that worker ownership can work—since, before the United deal, they made their reputation by advising steel workers in buying out their employers...
...lighten the mood and explain his particular realm of expertise: acquisitions and mergers. In explaining the key to success within Blackstone, Studzinski cited "the three D's: data, details, and deadlines." To clarify exactly what this meant in terms his audience might appreciate, Studzinski stated that the analyst's job entailed "a lot of boring shit work...