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MK Solicitors advise business clients across all sectors. From start-ups to multinational organisations.
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Ulster bank job losses, ex-Eircom CEO to sue, Irish-Ghana tax deal and banning new hotels
Friday, 27th Sep 2019
Ulster Bank’s chief executive said there will be a fresh round of job cuts at the group as it seeks to rein in costs as ultra-low central bank interest rates squeeze lending margins. In this week’s interview, she tells Joe Brennan how recovery from boomtime excess has taught Jane Howard always to ask: “What if we’re wrong?”
Cathal Magee, the former interim chief executive of Eircom (now called Eir), plans to sue the company in a row over payment of a €150,000-a-year consultancy package he agreed with the company upon his exit in 2010. Mark Paul has the details.
Tourist numbers decline on Brexit woes
Fewer tourists travelled to the Republic in August this year than in the same month in 2018. This is down to a reduction in British tourist numbers, figures released by the Central Statistics Office (CSO) show.
As sterling has weakened against the euro, travel to the Republic has become more expensive for UK tourists since the 2016 Brexit vote.
In August, 2.7 per cent fewer tourists came here, with the total number of trips standing at 393,000.
“Today’s CSO figures for tourism confirm a decline in arrival numbers that has been felt for some time by Ireland’s tourism industry,” the chief executive of the Irish Tourism Industry Confederation, Eoghan O’Mara Walsh, said.
What do people really want from their employers?
In July international jobs and recruitment site Glassdoor, which relies on employees worldwide to share frank information about their working lives and employers, published a study about what drives employee satisfaction. The study looked at five markets – the US, France, Germany, the UK and Canada – and discovered that what matters to people was similar in each of the countries examined.
The three factors that rose to the top in all geographies were:
– the culture and values of the organisation;
– the quality of senior leadership, and;
– access to career opportunities.
The factors that were the least important predictors of employee satisfaction were, in descending order: work-life balance; compensation and benefits; and the business outlook of the organisation.