Tag: Urgent

U.S. Airlines Make Urgent Call for New Bailout Ahead of October 1 Job Cuts | Investing News

By David Shepardson and Tracy Rucinski

WASHINGTON/CHICAGO (Reuters) – Major U.S. airlines launched a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert tens of thousands of employee furloughs set to begin Oct. 1.

The chief executives of American Airlines

, United Airlines

and JetBlue Airways

and major aviation unions held a news conference on Capitol Hill on Tuesday afternoon calling for a six-month extension of a payroll support program that consisted primarily of grants in exchange for keeping workers on the payroll.

“We’re not going to give up,” American Airlines CEO Doug Parker said, affirming that the airline would furlough some 19,000 on Oct. 1 without fresh aid.

He reiterated, however, that the company itself is not at risk without assistance. “American Airlines is going to be fine,” Parker said.

On Monday, two key Republican senators introduced legislation that would authorize another

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Labour calls for urgent action to ‘rebuild business’ in wake of Covid-19 crisis

The clock is running down for millions of people on the job furlough scheme as businesses face “going to the wall”, Labour has said.

hadow chancellor Anneliese Dodds called on the Government to act urgently to rebuild business in the wake of the coronavirus crisis.

With the work furlough scheme set to finish at the end of October, Ms Dodds used a keynote speech to Labour’s online conference to attack the stance of Chancellor Rishi Sunak.

Ms Dodds said: “Just as the Chancellor has allowed the clock to run down on the four million people on furlough, he’s doing exactly the same for the millions of businesses that have needed a helping hand to survive these last few months.

“From March next year repayments will start for the loan schemes set up to help businesses through the crisis.

“But, on the current trend, our economy won’t be anything like back

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BPM Market to Reach USD 21.41 Billion by 2026; Urgent Need to Simplify Complex Processes Will Accelerate Growth, says Fortune Business Insights(TM)

The MarketWatch News Department was not involved in the creation of this content.

Pune, Sep 15, 2020 (GLOBE NEWSWIRE via COMTEX) —
Pune, Sept. 15, 2020 (GLOBE NEWSWIRE) — The global business process management market is anticipated to gain traction from the emergence of cloud-based business applications. They aid in achieving better availability as per the subscriber’s choice, are cost-effective, and provide more efficiency. This information is given by Fortune Business Insights(TM) in a recent report, titled, “Business Process Management (BPM) Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment Type (On-Premise, Cloud), By Enterprise Size (Large Enterprises, SME’s), By Functionality (Accounting & Finance, Sales & Marketing, Human Resource, Supply Chain Management, Operation & Support), By Industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Others) and Regional Forecast, 2019-2026.” The report further mentions that the BPM market size stood at USD 8.63 billion in 2018 and … Read More