GM moving ahead with cuts
General Motors says it has largely completed salaried job cuts in Canada as part of a wider restructuring. The company said last October that it would offer buyouts to 18,000 white-collar workers across its North American operations as part of cost-cutting efforts. GM Canada spokeswoman Jennifer Wright says the salaried employee reductions in Canada have […]
Canada’s Sunrise Records to Buy Failing HMV
Canadian retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs. LONDON — CANADIAN retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs. However administrator KPMG says 27 stores will close immediately, resulting in […]
3 Reasons Your Social Security Benefits Might Be Lower Than Expected
Millions of retired seniors depend on Social Security to pay their expenses, so much so that it’s their single greatest source of income. As such, getting less money out of the program than anticipated is something that could really hurt you in retirement. Here are a few reasons your benefits might not be as high […]
While there are now fewer 401(k) millionaires, many investors still made smart moves
The markets have recovered from their year-end turbulence. Still, you’ll likely see the negative effects of that turmoil when you open up your latest 401(k) statement. Average account balances for 401(k), 403(b) and individual retirement accounts dropped for the fourth quarter of 2018 compared to the previous quarter, according to Fidelity Investments. The average 401(k) […]
Why You May Not Be Worried Enough About Financial Fraud
Financial fraud has become so rampant that it’s hard for consumers to keep up. Nearly every person who holds a debit or credit card has received alerts about charges they may not have made, and tens of millions of Americans have had some of their cards replaced in the wake of data breaches at retailers […]
4 Workplace Perks That Are Hurting Your Employees More So Than Helping Them
There are certain things workers look for in a job — competitive pay, great health benefits, and the little perks that make coming to work all the more pleasant. However, some of those perks might end up hurting employees more so than benefiting them. Here are a few your company might want to do away with. 1. […]