Prudential tries to soften blow as it axes 2,000

Posted On May 12 2021 by

first_imgPrudential has promised to try to cushion the impact of itsdecision to cut 2,000 jobs over the next 12 months through natural turnover andredeployment.The company announced last week that it is shedding the jobsbecause it is to replace its entire direct sales force with a much smallerspecialist staff of qualified advisers, creating a saving of £135m a year.John Elbourne, chief executive of Prudential’s UKoperations, said, “The drive for lower pricing in the UK means it is no longereconomic for us to maintain a large, salaried ‘face-to-face’ workforce.Technology is revolutionising our industry and customers are accessingfinancial products and financial advice in different ways.“We will take every step to minimise the number of job cutsthrough natural turnover and redeployment, and ensure the best possibletransition and support for everyone affected. “We have started a consultation process with employeerepresentatives over these proposals.”Prudential is to invest in its telephone and Internetservice to try to secure new sales.The present sales force of 1,400 will be replaced by asmaller specialist force who will provide a face-to-face financial planningservice.Dave Parsons, regional officer for the MSF, is unhappy withthe way Prudential made the announcement. He said, “We were particularlydisappointed that we were not consulted until the morning of the announcement.“At the moment it is a proposal but as soon as it goes intothe public domain it is much more difficult to influence.“We will be examining the proposal in detail and making surethey give us all the numbers. We will try to keep as many people as possiblebut it is an extremely sad day.” Previous Article Next Article Prudential tries to soften blow as it axes 2,000On 20 Feb 2001 in Personnel Today Comments are closed. Related posts:No related photos.last_img read more


Derek Jeter relists lakefront estate outside NYC with $2M price cut

Posted On May 12 2021 by

first_img hamptons-weeklytristate-weekly Tags Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Derek Jeter and the lakefront mansion (Getty, Redfin, Wikipedia Commons)Yankees Hall of Famer Derek Jeter has relisted his lakefront mansion outside New York City with a $2 million price cut.The five-time World Series champion swung and missed on the first offering, and is now asking $12.75 million for the Greenwood Lake mansion, according to Mansion Global. Jeter and his wife Hannah, first listed the 12,000-square-foot home in 2018, then pulled it from the market a year later.The castle-style property was built in the early 1900s and overlooks the town’s namesake lake. It has six bedrooms, twice as many bathrooms, a large turret and a replica of the Statue of Liberty.Jeter, who is now CEO and part owner of the Miami Marlins, bought the two parcels that make up the 4-acre property in 2003 and 2005, for a total of $1.6 million. In September, the Jeters listed their 30,800-square-foot Tampa mansion  — aka St. Jetersburg — for $29 million.ADVERTISEMENT[MG] — Dennis Lynchlast_img read more


Red Sox legend David Ortiz shot at club in Dominican Republic, father says

Posted On May 8 2021 by

first_img FacebookTwitterLinkedInEmailChristian Petersen/Getty Images(SANTO DOMINGO, Dominican Republic) — Boston Red Sox legend David Ortiz was shot at a nightclub in the Dominican Republic late Sunday, according to his father. The bullet entered Ortiz’s back and exited through his abdomen, according to Ortiz’s father, Leo, who spoke to reporters outside the hospital in Santo Domingo where he is being treated. His father said Ortiz was out of surgery just after midnight and he is in stable condition.No organs were compromised, according to his father.Leo Ortiz happily told reporters outside the hospital, in Spanish, “Big Papi will be around for a long time.”An investigation into the shooting has been opened, but police said in a brief statement they do not believe the motive was robbery.The suspect in the shooting was immediately roughed up by onlookers and taken to the hospital for treatment. He was treated and released into police custody.“They called to tell me that David is injured and that they took him to a medical center, but they did not tell me how he is or exactly where he was transferred,” Leo Ortiz told ESPN via telephone earlier in the evening from the Dominican Republic.“At the moment, everything is confusing. I’m trying to find out where they took my son,” Ortiz’s father added.The slugger was born in Santo Domingo, Dominican Republic, and is not just one of the biggest baseball players in the country’s rich history of the sport, but one of its most well-known celebrities overall.The shooting took place at Dial Bar and Lounge, a nightclub in the nation’s capital, according to ESPN. CCTV footage acquired by ABC News shows a crowded bar with people scattering after the shots are fired and Ortiz, sitting at the bar, appearing to grab his side.“Our thoughts are with David Ortiz, who is reportedly hospitalized after being shot in his hometown of Santo Domingo, Dominican Republic,” MLB tweeted on its official account.The Red Sox released a statement of their own later in the evening, saying, “Late last night we were made aware of an incident involving David Ortiz in the Dominican Republic. David’s family has confirmed that he sustained a gunshot wound to the lower back/abdominal region. David is being treated at Clinica Abel Gonzalez in Santo Domingo where he is recovering after surgery.”“We have offered David’s family all available resources to aid his recovery and will continue to keep them in our hearts,” the statement continued.Ortiz, 43, won three World Series — in 2004, 2007 and 2013 — and was one of the biggest pieces of breaking the so-called curse of the Boston Red Sox.Lovingly known as “Big Papi,” he was a 10-time All-Star, seven-time Silver Slugger winner and finished in the top 5 in MVP voting five times. He was also the World Series MVP in 2013.Hall of Fame pitcher Pedro Martinez, a legend in the Dominican Republic in his own right, and a former teammate with Ortiz on the 2004 champion Red Sox, tweeted, “I’m at peace knowing you out of danger, you a strong man Compai, can’t wait to hear your voice.”Ortiz walked away from baseball in 2016, still at the top of his game. He hit .315 and led the league in doubles and runs batted in, but held fast in his decision to walk away as he had announced months earlier.He finished his career with 541 career home runs, 17th all-time, and was eighth all-time in extra-base hits (1,192) and 12th all-time in doubles (632).Copyright © 2019, ABC Radio. All rights reserved. June 10, 2019 /Sports News – National Red Sox legend David Ortiz shot at club in Dominican Republic, father says Written bycenter_img Beau Lundlast_img read more


Lankhorst to supply mooring lines for Liza Unity FPSO offshore Guyana

Posted On May 7 2021 by

first_imgThe Liza Unity FPSO will be spread moored at a water depth of 1600m with 20 Cabral 512 deepwater mooring lines with a minimum breaking strength of 12,300kN SBM Offshore Liza Unity FPSO. (Credit: SBM Offshore) Lankhorst Offshore has secured a contract from SBM Offshore to supply the deepwater mooring lines for the FPSO Liza Unity for ExxonMobil’s Liza Phase 2 oil field development offshore Guyana.The FPSO Liza Unity, based on SBM Offshore’s Fast4Ward FPSO design, will be spread moored at a water depth of 1,600m with 20 Cabral 512 deepwater mooring lines with a minimum breaking strength of 12,300kN.Each mooring line measuring 2,320m in length, totaling 46,400m, will feature a chain top segment, polyester rope middle segment and chain bottom segment, connected to a suction pile anchor during deployment .According to Lankhorst, the ABS class approved Cabral 512 rope construction is equipped with a specially designed filter, averting entry of sand while the mooring lines are pre-laid on the seabed ahead of the FPSO arriving on station.Cabral 512 ropes will be manufactured at Lankhorst Offshore’s factoryThe Cabral 512 ropes will be manufactured at the company’s factory in Viana do Castelo, Portugal.The company has developed a ‘standardised’ deepwater mooring model for the two Liza FPSOs to reduce lead times.Lankhorst Offshore sales director Neil Schulz said: “We fully support SBM Offshore’s Fast4Ward FPSO design approach. By introducing a standardised manufacturing model combined with reusable shipping reels, we too are playing our part in reducing the capital costs of deepwater mooring and increasing sustainability.”Additionally to decreasing the number of shipping reels by loading longer mooring line lengths or multiple segments on each reel, Lankhorst has also unveiled reusable shipping rope reels/cradles which can be returned to its manufacturing facilities.Lankhorst stated that these measures allow a more sustainable supply of deepwater mooring lines.The Liza Unity mooring lines will reuse the 16 shipping reels returned from the Liza Destiny mooring, the company added.last_img read more


Divers visit WWII minesweeper USS Salute in Brunei Bay

Posted On May 4 2021 by

first_img Divers visit sunk WWII minesweeper USS Salute in Brunei Bay Back to overview,Home naval-today Divers visit sunk WWII minesweeper USS Salute in Brunei Bay Authorities November 17, 2016 View post tag: CARAT U.S. Navy divers from mobile diving and salvage unit (MDSU) 1 teamed up with Royal Brunei Navy personnel for diving operations on the former USS Salute, a World War II era minesweeper sunk by a Japanese mine during preparations for amphibious landings in the Battle of Borneo.The diving operations that took place between November 16-18 were the first by the U.S. Navy on the wreckage of USS Salute, which lies in approximately 90 feet of water in Brunei Bay.The operations occurred with divers embarked on USNS Salvor (T-ARS-52) that were in Brunei for Cooperation Afloat Readiness and Training (CARAT) 2016.The dives on the World War II minesweeper were preceded by a remembrance ceremony at the U.S. embassy in Bandar Seri Begawan on Nov 14, where U.S. ambassador Craig Allen and Rear Adm. Don Gabrielson, commander, Task Force 73, recognized the service and sacrifice of the fallen sailors who served in USS Salute.“We have a unique opportunity during CARAT to pay tribute to the Sailors of USS Salute who gave their last full measure for our nation,” said Rear Adm. Don Gabrielson, commander, Task Force 73. “Our remembrance ceremony and diving operations on Salute solemnly honor an important historical site and pay rightful respects to the legacy of brave Americans who will never be forgotten.”USS Salute struck a mine on June 7, 1945 while conducting sweeping operations for an Australian landing force in preparation for the Battle of Borneo that liberated Brunei from Japanese imperial forces. Salute sank just after midnight on June 8, after a failed attempt by two Navy landing craft to salvage the ship.Lt. James J. Hughes, an officer aboard Salute who survived the explosion, later recalled the final hours before the minesweeper sank.“The ship was hit mid-ship, right underneath the belly, and it came right up through all the decks,” said Hughes. “Anybody in that area was killed, especially in the engine room. They didn’t have a chance. We hit it about 4:00 in the afternoon and sunk about midnight. We were making the last run of the day.”U.S. and Royal Brunei Navy divers conducted operations on the Salute wreckage in support of CARAT Brunei 2016. As one of the original CARAT partners, the Royal Brunei armed forces have engaged annually in CARAT since the exercise series began in 1995. The United States and Brunei have enjoyed diplomatic relations since 1845, when the USS Constitution dropped anchor in Brunei Bay.In its 22nd year, CARAT is a bilateral exercise series between the U.S. Navy, U.S. Marine Corps and the armed forces of nine partner nations in South and Southeast Asia, including Bangladesh, Brunei, Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Timor-Leste.center_img View post tag: Brunei Share this article View post tag: USS Salute View post tag: US Navylast_img read more


Oxford Fossil Free: divestment is “an ethical duty”

Posted On May 3 2021 by

first_imgThe student-run Oxford University Fossil Free (OUFF) campaign has created a report calling upon the University to divest from fossil fuels. The report was submitted as part of the University’s Socially Responsible Investment Review Committee (SRIRC).The OUFF campaign began in October 2013 as part of an international movement involving 600 student groups which are attempting to reduce investment in fossil fuels. Since its inception the campaign has organized a large rally, created a petition and received the support of 26 student common rooms.Its 34-page document recommends that Oxford cease investing any of its endowment in fossil fuel companies and reinvest in low-carbon assets instead. The University’s endowment fund holds around 3.3 billion pounds of investments in total.Part of the document’s introduction argues, “As students, we believe the University of Oxford has an ethical duty to adopt a carbon-sensitive investment policy.” It goes on to suggest that it is this action which “will secure the future wellbeing of students and staff as well as young people the world over.”Miriam Chapman, a member of the Fossil Free Campaign from Hertford College, commented, “I think it’s really important, even if students don’t agree with divestment, that they question where the university invests its money, which they are doing on our behalf.”OUFF’s report argues that fossil fuel investment is financially unsound, predicting the eventual emergence of a financial ‘carbon bubble’ which will burst when governments pass stringent climate change laws.The report also expressed concern about the ‘carbon budget,’ the amount of carbon that can still be burnt while limiting global warming to less than the 2 degrees threshold. Current proven reserves of carbon, including coal, oil and gas, amount to five times the remaining ‘carbon budget.’A spokesperson for the University’s committee told Cherwell, “SRIRC understands that OUSU may be amending the terms of its request to mirror this new student submission at the next OUSU Council meeting in October 2014. SRIRC therefore has decided to make its recommendation to Council after it has been able to consider any new resolutions from OUSU on this matter.”The consultation has been extended until 14th November 2014 and the University Council will not make any decision until early 2015. The full report by Oxford University Fossil Free can be read here.last_img read more


Leesburg man killed in crash in Minnesota

Posted On Apr 20 2021 by

first_imgIndianaLocalNews WhatsApp Twitter Google+ By Network Indiana – October 13, 2020 0 392 Pinterest Facebook (“Police Line / Police Tape” by Tony Webster, CC BY 2.0) A man from Kosciusko County was killed, and three others were injured, after a crash in Minnesota Saturday morning.According to a Minnesota State Police crash report, 61-year old Brian Smoker of Leesburg was westbound on Interstate 94 in Clay County, Minnesota, near the town of Barnesville, when for an unknown reason, the pick-up truck he was driving went off the road into the median and struck the bridge piers head-on.One of the passengers in the pick-up truck, 59-year old David Smoker of Leesburg was killed in the crash. Brian Smoker, along with two other passengers in the truck, Mitchell Garrison and George Tubbs, were injured in the crash. All three were taken to Sandford Hospital in Fargo, North Dakota.Alcohol is not believed to have played a role in the crash, which remains under investigation. Twitter Pinterest Facebook WhatsApp Leesburg man killed in crash in Minnesota Google+ Previous articleUniversity of Notre Dame President Rev. John Jenkins out of quarantineNext article26 people arrested in Kosciusko County during multi-day drug bust operation Network Indianalast_img read more


News story: Success on a pallet

Posted On Apr 20 2021 by

first_imgAt Sellafield we are always looking for ways we can not only reduce waste like plastic, paper and glass, but also how we can reuse it for the good of our local community.Our wooden pallets that are used to deliver equipment and machinery to the site are getting a new lease of life out in the community, while freeing up valuable space on the Sellafield site itself.Our assets disposition team is tasked with safely removing surplus items from the site to make sure we make best use of our 6km2 footprint.Gareth Kendall, Chair of the assets disposition team said: Some of our wooden pallets are now at HMP Haverigg, for their external allotments. They’re making raised beds for planting, furniture and planters. Any money raised from the sale of the goods is invested back into the rehabilitation programme for offenders.Education and Community Programmes Officer, Pauline Farrell told us: We use a process similar to the waste hierarchy of reduce, re-use and recycle. The service offers value to local communities and charities if the donation step is used. If this process wasn’t used then all redundant items would have to be disposed of at a cost to the taxpayer. Most recently the local community has benefitted from the donation of surplus wood that was destined to be disposed of as waste. These donations of wooden pallets are making a huge difference to many charitable organisations across the region. They are making great use of our surplus items that we don’t have any use for which enables them to earn cash to reinvest and grow. The Cleator Moor based organisation ‘Skills 4 You’ is also using our pallets to produce items for community projects such as bird tables, picnic benches and bird feeders. The project works with various groups to address levels of unemployment and provide practical work experience whilst enhancing skills and promoting self-development.And the local ‘Men in Sheds’ group based at Mirehouse Community Centre in Copeland is using donated pallets to make storage racks for the newly delivered council recycling boxes, with any profits being used to grow the capability and capacity of the group.The transit store on the nuclear site is also making changes to how they reduce the amount of wooden pallets going over into operational areas. They are currently looking at using plastic pallets instead of wooden ones to minimise the amount of low level waste produced.Once wooden pallets which have deliveries on go enter certain areas of the site, they are classed as nuclear waste and categorised as low level waste which then goes on to the Low Level Waste Repository site at Drigg to be safely stored.By replacing deliveries onto plastic pallets, these can be monitored safely and re-used many times over, and therefore reducing our costs by nearly half.last_img read more


News story: Millions to benefit from pay rise and tax cuts

Posted On Apr 20 2021 by

first_imgOver 30 million people are set to benefit from the increase to the personal allowance and higher rate threshold this month, as the Chancellor delivers on a manifesto commitment one year early.Britain’s workers will also benefit from the biggest increase to the National Living Wage since it was introduced, rising by almost 5% to £8.21 per hour. This inflation-busting pay rise means a full-time National Living Wage worker will earn an extra £690 over a year.The National Minimum Wage has also increased faster than inflation. This includes increases to £7.70 per hour for 21 to 24-year olds and £6.15 for 18 to 20-year olds, with workers in the retail and hospitality sectors due to benefit the most. Taken together with the National Living Wage rise, in total 2.1 million people are set to get a pay rise.And a fuel duty freeze for the ninth year in a row and increases to work allowances in Universal Credit will go towards helping families with the everyday cost of living.Chancellor of the Exchequer, Philip Hammond, said: Financial Secretary to the Treasury, Mel Stride, said: 32 million people in the UK will see their income tax bill reduced compared to 2015-16 2.1 million people are also set to benefit from this week’s National Minimum Wage and National Living Wage increases It’s good news for Britain’s businesses, too. The government’s plan for the High Street is cutting costs by £1 billion over the next two years by giving small retailers a third off their business rates bills. Together with other rates reforms and cuts introduced since 2016 this is saving businesses over £13 billion over the next five years.Alongside these changes, the government is increasing investment in key public services. The start of the new financial year means nearly £1.1 billion extra funding for the police, access to £1.3 billion more for local councils, and £1.1 billion extra for our schools.This is all part of the government’s balanced approach, getting debt falling while investing in vital public services and keeping taxes low for people, families and businesses.center_img Our Budget was unashamedly for the strivers and the workers who keep the country going. From this month we’ve introduced tax cuts, increased wages and boosted support for small retailers to ensure people keep more of the money they work hard to earn. Thanks to our careful management of the public finances and the hard work of the British people, we can afford to cut taxes for millions, increase the wages of the lowest paid, and cut business rates for small retailers. The economy is growing, debt is falling, and funding for public services and investment is increasing. Our balanced approach means Britain is well placed to seize the opportunities that lie ahead.last_img read more


Cupcake Championships open for entry!

Posted On Apr 20 2021 by

first_imgThe hunt for the nation’s best cupcake baker is on, as the 2013 National Cupcake Championships are now open for entries.This year the competition has been revamped and, as well as the existing professional competition, we shall also be holding a competition for home bakers.And that is not the only thing that is different; this year we have teamed up with Cake International, with the finals of the competition to be held at the Cake International show on 9 November, at Birmingham NEC.There are four categories to choose from: Classic, Free-from, Themed, and Made With Alcohol, and bakers will be able to enter one cupcake per category (a maximum of four entries).All the details on the categories, and how you can enter can be found at www.nationalcupcakeweek.co.uk. Entry is online only and there will be two forms to choose from – professional or home-baking – so make sure you fill in the correct form.The National Cupcake Championships form part of National Cupcake Week (16-22 September 2013), organised by British Baker.National Cupcake Week is sponsored by Tesco, BFP Wholesale and Secret Ingredients, supplied by Orchard Valley Foods Limited.last_img read more