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ABUJA, June 20 (Reuters) - Nigeria's main labour unions and the government on Monday set an eight-week timeline to finalise an agreement to raise the minimum wage to help cushion the impact of high fuel prices after the removal of a popular but costly petrol subsidy. The Nigeria Labour Congress and the Trade Union Congress (TUC) had threatened to strike after fuel prices tripled following President Bola Tinubu's decision to scrap the subsidy. Talks with the unions are one of the first challenges the new administration faces as it pushes forward with a raft of economic reforms. "Everything must be rolled out within that time, (it is) not something that we are going to leave endlessly," he said. Reporting by Camilus Eboh; Writing Elisha Bala-Gbogbo, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Persons: Bola Tinubu's, Dele Alake, Festus Osifo, Tinubu, Camilus Eboh, Elisha Bala, Ed Osmond Organizations: Nigeria Labour Congress, Trade Union Congress, TUC, Thomson Locations: ABUJA
Elon Musk is a "perfect recruitment tool," for trade unions, a senior UK union boss told Politico. The number of Twitter staff joining one union has increased "tenfold" since Musk took over, Paul Nowak said. Musk has slashed Twitter's workforce and mandated long hours from remaining staff since his October takeover. "Elon Musk is a perfect recruitment tool for the trade union movement," the recently appointed head of Britain's Trade Union Congress, Paul Nowak, told Politico. If staff didn't sign up to his plan by the end of the day on November 17, they would be laid off.
UK firms such as Virgin Media O2 and Monzo are handing out inflation bonuses to staff. This follows US businesses handing out one-off payments this summer to help workers. A growing number of firms globally are handing out one-off bonuses of up to $2,800 to keep lower-paid workers afloat as inflation outstrips pay and pushes prices higher. And UK banks such as Nationwide, Barclays, HSBC and Monzo are all offering one-off bonuses to staff. Although firms handing out cash is a significant and unusual move, workers rights' representatives say it isn't enough.
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