Tag: UK

  • BMW pension strikes set to hurt production in UK

    BMW pension strikes set to hurt production in UK

    According to reports, employees at BMW’s UK factory are taking strike action over plans to close the company’s final salary pension scheme. Reports said that Unite the union will announce eight 24 hour strikes across four sites, opening on 19 April and closing on 24 May. This marks the very first occasion that staff at…

  • Lloyd’s of London set to create Brussels subsidiary following Brexit

    Lloyd’s of London set to create Brussels subsidiary following Brexit

    The 329-year-old insurance market Lloyd’s of London announced it plans to create a new European subsidiary in Brussels to counter losing business when the UK leaves the EU. The insurer revealed the plan as it released its latest annual results. “A subsidiary office will be opened in Brussels with the intention that it will be…