We have previously reported on the government's commitment to its proposals in "Make Work Pay", with a number of measures to be included in a new Employment Bill and Equality (Race and Disability) Bill announced in the King's Speech. The government is also pressing forward with its proposals around wider workforce issues, including the need to upskill the workforce to meet future challenges with the launch of Skills England and a "blueprint for fundamental reform" to stop "spiralling economic inactivity".   Tackling economic equality;...

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The federal government makes the Inflation Reduction Act’s lucrative energy tax credits even more beneficial — if your company is willing to meet the prevailing wage and apprenticeship requirements. If you meet the requirements, you can receive a five-time base multiplier of the credit or deduction (for example, a 30% credit for energy property rather than a 6% credit). It’s a major benefit and one worth exploring if you’re interested in cashing in on even more credits. The prevailing wage and apprenticeship...

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Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6% Material margin expands to 55.1% (first half of 2023: 52.7%) EBITDA margin jumps to 18.7% (first half of 2023: 16.5%) Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million) Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120...

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ING today announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer. Daniele Tonella (Swiss) has over 20 years of experience in technology leadership roles in the financial industry and is currently active in advisory and board roles...

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New ecodesign for sustainable products rules enter into force As of this week, new EU rules on ecodesign for sustainable products, setting out strict requirements and consumer information to almost all categories of physical goods have entered into force. The cornerstone of the Commission’s approach to more sustainable goods, it aims to significantly improve these products’ circularity, energy performance, and other environmental sustainability aspects. It will replace the existing Ecodesign Directive and is part of a package of measures to...

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Littler published their Q2 Global Guide newsletter on July 24. Select US and European highlights are below. You can read the full guide here.   Austria New Teleworking Law New Legislation Enacted Authors: Patricia Dasch, Associate, and Armin Popp, Attorney-at-Law – Littler Austria During the COVID-19 pandemic the conditions for home offices were regulated by law for the first time. Austria’s Parliament has now passed the Teleworking Act intended to improve conditions for working from home, which will go into effect on January 1, 2025....

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