The Ministry of Finance and the Public Service (MOFPS) has reached agreement with a number of major public sector trade unions, including a majority of the unions in the Jamaica Confederation of Trade Unions, on the new, restructured public sector compensation system.
Read more: Major unions sign new public sector compensation agreement
AMIDST the sharp decline in asset prices and erosion of the capital base of financial companies, different listed companies have decided to forego dividend payments to shareholders as they bolster their capital base owing to continued volatility in the financial markets.
Read more: Trouble! More financial companies skipping dividends amid capital erosion
Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West.
