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Search Result for “agreement”

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BUSINESS

Ford Scraps Plan to Develop an Electric Vehicle With Rivian

Business, Published on 22/11/2021

» Ford Motor Co. and Rivian Automotive Inc. have decided to go their separate ways rather than collaborate on future electric vehicles, backing away from an earlier strategic pact that led to a multibillion-dollar windfall for Ford.

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BUSINESS

Has the minimum wage outlived its usefulness?

Published on 27/08/2019

» The minimum wage was introduced to Thailand in the mid 1970's as a way to protect against basic labour being taken advantage of and provide a guaranteed minimum wage for all workers. However, it was never applied to "all workers". The International Labour Organisation (ILO) said that this was the "minimum sum payable to a worker for work performed or services rendered, within a given period, whether calculated on the basis of time or output, which may not be reduced either by individual or collective agreement, which is guaranteed by law and which may be fixed in such a way as to cater to the minimum needs of the worker and his/her family, in the light of national economic and social conditions".