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LONDON (Reuters) – Banks, insurers and other financial firms in Britain may have to come up with tougher targets for getting women into top jobs, UK financial services minister John Glen said on Tuesday cufflinks collection. Some 300 financial firms have publicly signed up to the voluntary Women in Finance Charter launched in 2016 by the finance ministry. In 2015, just 14 percent of executive committee members were women. The number signed up compares with just over 200 firms by March last year, when a review said progress on meeting targets by 2020 was slow..
Glen said he will be studying a review of progress in March, which will give latest figures on how each firm that has signed up is making progress on their internal targets. But more may still need to be done to increase the number of women in senior roles, the minister told a diversity conference organized by retail investment trade body PIMFA cufflinks collection. “I am not going to be holding back as we look to the report next month, and we look to what further interventions are needed by government to make a meaningful move forward in this critical area,” Glen said..
“The focus must now shift to how do we maximize its impact. I believe we do that by pushing ourselves to achieve more stretching targets through the use of evidence-based intervention.”. Companies signed up to the charter set their own internal targets for gender diversity and publish them cufflinks collection. The charter seeks a gender balance at all levels of a company, starting with having internal targets for diversity and publishing progress annually, with senior executives’ pay linked to meeting the targets..
DECATUR, Texas/FLINT, Mich. (Reuters) – General Motors Co said Tuesday it will add 1,000 workers to build new heavy-duty pickup trucks at its plant in Flint, Michigan, and will give priority to GM workers who were laid off elsewhere. GM has come under fire from U.S. President Donald Trump and Midwestern lawmakers for its plans to stop production at five North American factories and cut up to 15,000 jobs. The automaker has said it is trying to find new jobs for 1,500 U.S. hourly workers at the affected plants cufflinks collection. Flint could be a haven for many of these employees..
STOCKHOLM (Reuters) – Volkswagen is in talks with Swedish institutional investors AMF, AP Fund 1 and 4, Investor AB and Folksam about being cornerstone shareholders in the dual listing of its trucks unit Traton in Stockholm and Frankfurt, people familiar with the talks said. The discussions could result in more than one cornerstone investor being brought on board and are for each investor to take a 150 million to 300 million euro ($171.21-$342.42 million) stake, these sources told Reuters, declining to be named as talks were confidential cufflinks collection.