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Volkswagen Terminates 10 Collective Agreements as Union Prepares October 2 Showdown
Volkswagen terminates 10 collective bargaining agreements for 127,000 German employees effective December 31, 2026. IG Metall and works council vow resistance; strikes possible from January 1, 2027.
CBA Extends Regional Branch Pledge to December 2030
Commonwealth Bank commits to keeping 281 regional branches open until December 2030, investing A$140 million and maintaining cash access despite declining usage.
Canada Approves $33B LNG Expansion as Carney Backs Energy Push
LNG Canada greenlights $33 billion Phase 2 expansion in Kitimat, doubling capacity to 28 million tonnes per year and creating 4,000 jobs. Prime Minister Mark Carney calls it a nation-building investment.
Greggs Cuts 740 Jobs, Shuts Four Factories to Save £20m Annually
Greggs plans to shut four UK factories and cut 740 jobs over 2.5 years, saving £20m annually from 2028. Retail stores unaffected. Shares rose 6.5% on stronger Q3 sales of 7.7%.
Triple Lock Pension Scrapped From 2030: What Burnham’s Plan Means for Your Retirement
Andy Burnham scraps the triple lock pension from 2030, replacing it with inflation or 2.5% rises. The change will save £15bn yearly by 2040 but removes the earnings link that currently protects retirees.
France Pushes EU to Use €4.6B Google Fines to Cut Budget Contributions
France proposes using €4.6 billion in Google fines to lower EU member state budget contributions. EU governments are negotiating the 2028-2034 budget amid fiscal pressure.
Mahmood Signals U-Turn on Indefinite Leave Reforms as Labour Revolts
Shabana Mahmood signals willingness to rethink indefinite leave reforms after Labour backlash. Home Secretary to meet union leaders as care workers protest 15-year wait timeline.
Bank Strike Deferred After IBA-UFBU Talks; Five-Day Week Demand Pending
Bank unions in India deferred a three-day strike scheduled for September 28-30 after talks with the IBA. A joint committee will examine the five-day work week demand and PLI scheme changes.
Swiss voters reject stricter neutrality rules in September 28 referendum
Swiss voters overwhelmingly rejected a neutrality initiative on September 27, with 70% voting no. The result preserves government flexibility on sanctions and NATO cooperation.