first_img“The remaining workers will proceed to work to maintain important companies and platforms important with a 10% pay minimize. The management staff will minimize wages by 20%, whereas the ITF president has voluntarily proposed a 30% lower for one yr, “the assertion stated.“We now have postponed over 900 tournaments on all ITF circuits, together with the 2020 Federation Cup Finals, and it stays unsure when the sport may be resumed. Whereas suspending occasions and prioritizing safety is the suitable response in these distinctive circumstances, it has resulted in plenty of advanced challenges, together with a big lack of income, “the company notes.“To be able to safeguard jobs and defend the long-term well being of our group and our sport, the ITF is implementing a sequence of measures, efficient as of at this time, which embody undertaking financial savings, a labor safety scheme for workers and the usage of ITF Reserve funds, “he stresses. The Worldwide Tennis Federation (ITF) has issued a press release this Thursday saying cuts in several initiatives, within the salaries of managers, in addition to the momentary suspension of employment for half of its staff. with the purpose of resisting the financial losses generated by the coronavirus and the greater than 900 tournaments which have been canceled within the final month.“The scenario we face represents a elementary problem for our group and our sport. Our goal is to ensure the long-term progress and sustainability of our sport in collaboration with our 210 member nations, so we’re making powerful choices within the brief time period in order that we will proceed to ship tennis for future generations world wide. “, indicated David Haggerty, the president of the ITF.Haggerty recalled that “as a non-profit group,” the “90% of ITF income is reinvested in applications that drive the expansion of tennis”. And now he believes needed a “labor safety system” that “features a allow for roughly half of the ITF workers”, the equal of an ERTE in Spain.last_img read more

first_imgMexican food retailer Chipotle has improved its employee benefits offering to award 71,000 US-based employees cash and stock bonuses, as well as enhancing its paid parental leave policy.The changes, which the organisation is rolling out to employees, have been designed to help support and advance employees’ professional and personal lives.Its hourly paid and salaried restaurant staff will receive a one-off cash bonus of up to $1,000 (£710.71), and employees based in other functions will receive a one-off stock grant.The organisation’s parental leave benefit has also been expanded to apply to hourly paid managers, who were not previously eligible for the benefit. Chipotle has also extended the amount of paid parental leave that salaried staff can take off.Chipotle will also implement more training programmes for employees, including a formalised classroom programme that will focus on topics related to operational excellence and leadership, as well as introduce life insurance and short-term disability insurance for hourly paid restaurant managers.The new employee benefits will sit alongside Chipotle’s existing benefits package. This includes bi-annual merit increases for hourly paid employees, paid holiday days and sick time, stock awards for restaurant managers, up to $5,250 (£3731.23) for tuition reimbursement and discounted educational courses and degrees.Steve Ells, founder, chairman and chief executive officer at Chipotle, said: “We have always been proud of our ability to attract and retain top talent who share our passion for cooking delicious food by hand and creating an extraordinary guest experience. We’re giving back to these committed, motivated, and hardworking team members who have made Chipotle what it is today.“We have always been committed to making Chipotle a great place to work with excellent compensation and benefits. With these expanded offerings, we’re thanking our employees for their hard work and dedication to our [organisation].”last_img read more