No haircuts for senior bondholders at banks

first_imgSunday 28 November 2010 9:23 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider whatsapp No haircuts for senior bondholders at banks SENIOR bondholders in Irish banks escaped the bailout without taking a hit yesterday.Finance minister Brian Lenihan said the government needs to impose “big haircuts” on junior bondholders but said there was no appetite for forcing losses onto senior holders. European finance ministers decided, as expected, that imposing haircuts would have a detrimental effect on markets.German Chancellor Angela Merkel has been pushing for investors who gain from exposure to banks to take a share in the risk if they run into trouble.Irish Prime Minister Brian Cowen said: “In relation to the question of senior bondholders, there is no agreement from the European Union for [shifting losses] because of the impact we believe it would have in relation the stability of the entire financial system itself and the impact it would have across European banking generally.”Ireland said two years ago senior bondholders would not take a hit if banks ran into trouble. whatsapp KCS-content center_img More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse Show Comments ▼ Share Tags: NULLlast_img read more

Tripple Gee and Company Plc ( 2015 Abridged Report

first_imgTripple Gee and Company Plc ( listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2015 abridged results.For more information about Tripple Gee and Company Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Tripple Gee and Company Plc ( company page on AfricanFinancials.Document: Tripple Gee and Company Plc (  2015 abridged results.Company ProfileTripple Gee & Company Plc manufactures and sells paper and packaging products in Nigeria and specialising in printing financial instruments and security documents. The company services the banking, oil and gas, pharmaceutical and FMCG sectors as well as government regulatory bodies. Security documents include MICR encoded and personalised cheques, dividend warrants, share certificates, ballot papers and election stationary as well as licenses and permits, customs revenue collection forms and receipts, statement of accounts, utility bills and pension contributions. Tripple Gee & Company Plc also offers packaging and labeling products which includes pharmaceutical labels, anti-counterfeit labels and packaging labels such as printed nylon, BOPP, PVC and shrink packaging products. Its head office is in Lagos, Nigeria. Tripple Gee & Company Plc is listed on the Nigerian Stock Exchangelast_img read more

The Intu share price has crashed again. Here’s what I’d do now

first_imgSimply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Alan Oscroft | Tuesday, 23rd June, 2020 | More on: INTU Just a few weeks ago, it looked like retail property manager Intu Properties (LSE: INTU) might be an early recovery winner. The firm, which owns a number of large retail outlets, including Manchester’s Trafford centre and Lakeside, in Essex, was hit badly by the Covid-19 lockdown. At one stage, the Intu share price was down 90% on the year to date.Then, at the beginning of June, we saw a sharp upturn, and the shares doubled in price in just three days. But Intu has been struggling with debt for years. It shows in the Intu share price, which has fallen 98.6% over the past five years. If Covid-19 is hurting, then it’s really just the latest straw on the back of a heavily overburdened camel.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Intu share price reversalThe shoots of Intu’s apparent recovery soon withered, and the brief upswing quickly reversed. As I write today, the Intu Properties share price is back down even lower than it was at the beginning of June.Intu has been in talks with lenders for some time. In the company’s own words, it has been “looking to achieve stability through standstill-based agreements with relevant financial stakeholders“. Intu has a revolving credit facility covenant waiver deadline of 26 June, so things are starting to look a bit urgent.Any remaining optimism seems to be evaporating, as an update from the company on Tuesday made apparent. What was so gloomy about it?Well, suppose your doctor said to you “I’ve booked a postmortem, just in case the pills don’t work, but I’m still hoping they will“. That might dent your mood a bit. The latest news sounds a lot like that to me. Intu, it seems, has appointed administrators KPMG, just in case its restructuring talks with creditors aren’t successful.No easy outWhat should shareholders do now? The big problem, as I see it, is that there’s no winning option. If survival talks fail and the company does go bust, the Intu share price will effectively go to zero. But if a successful survival strategy does emerge, it will surely be heavily in favour of lenders, and I fear nothing will be left for shareholders.At 31 December, Intu’s debt stood at £4.6bn, against a property portfolio valuation of £6.5bn. Since then, the Covid-19 crash won’t have done anything positive for that property valuation. And Intu’s ongoing struggle to collect its rents has clearly made debt servicing even harder. Between debts and assets, I don’t see any real value left for shareholders. And I see an Intu share price that can only head downwards.Time to dump?The company’s market capitalisation really brings home the degree of pessimism in the market today. As I write, it stands at a mere £62m. That’s a company that had a total net asset value of £1.9bn just six months ago. At the start of the year, that positive balance might have made Intu Properties a reasonable recovery target. But that was before the pandemic crisis crippled the retail sector.I wouldn’t go near the Intu share price now. And if I held any shares, I’d sell while they’re at least above zero. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997”center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address The Intu share price has crashed again. Here’s what I’d do now Image source: Getty Images See all posts by Alan Oscroftlast_img read more

La Casa di Chiara e Stefano / duearchitetti

first_imgShareFacebookTwitterPinterestWhatsappMailOr Clipboard Projects “COPY” CopyHouses•Varese, Italy ShareFacebookTwitterPinterestWhatsappMailOr Clipboard La Casa di Chiara e Stefano / duearchitettiSave this projectSaveLa Casa di Chiara e Stefano / duearchitetti Photographs Architects: duearchitetti Year Completion year of this architecture project Year:  Italycenter_img “COPY” ArchDaily 2016 La Casa di Chiara e Stefano / duearchitetti Photographs:  Simone Bossi Save this picture!© Simone BossiText description provided by the architects. The house is located in a scenically privileged position, high on a hillside in a residential settlement  in which a small church also is a part The dominant view and an excellent south-west exposure are a tangible presence in every  space of the house.Save this picture!© Simone BossiWe have been working on a project maintaining the originally thought out architectural  concept including two levels in order to adapt the design to the steep slope of the ground.Save this picture!© Simone BossiThe lower level presents a longitudinal and hypogean development integrated in the hillside as a natural stone terrace. Here you will find bedrooms, studio and fitness zone.  Centralness and individuality characterize, on the contrary, the upper level of the living area that, as a rock is resting on the structure and thus remains fixed, has become the principal entrance from the high-positioned street. On this level the outdoor spaces take a longitudinal trend; towards north the pool is going out from the section of the stone wall, on the opposite side a large terrace opens itself on the top of the garage.Save this picture!DetailThe project challenge, which we have felt important from the beginning, has been how to succeed in managing, in the inside of the house, all of the outside nature, the many types of sky with different and strong weather conditions, without conflicting emotions.Save this picture!© Simone BossiObservation and protection have become the objectives of the project.The will to involve all the outside beauty is coexisting with the opposite approach to create intimacy and concentration inside the house. On one side you have large glass surfaces which as a segmented diaphragm opens the house to the scenic nature, on the other side wooden wings and functional elements that are carrying us into the organism of the house, tracing flowing and continuous passages along the glass surfaces for then to enter the semi-darkness of the inner spaces.Save this picture!© Simone BossiThe definition of the organism has also taken shape from the comprehension of the dynamics of two persons’ common life with different rhythms and characters: identify and understand each person’s liberty, the areas to divide and those to protect. This is transferred into a flowing, continuous space without interruptions. The borders are not defined, the spaces are changing following the rhythmic moments of the day. Big full-height sliding panels are modeling ideal rooms, creating fissures for company, light and curiosity like a dynamic play. We didn’t want it to be necessary to “close a door” in order to isolate a room.Save this picture!© Simone BossiA further control of the project has been the attention to the dynamics of the natural borders of light and shadow which are drawn on the floor at the different moments of the day. The concrete floor of the upper level emphasizes and highlights the contrast between light and darkness; the borders in the afternoon seem sharp and precise. On the contrary,  the wooden floor of the lower level absorbs and mitigates the differences; the shadow tones are softer, the atmosphere more relaxing.Save this picture!© Simone BossiOutside near the windows of the living room the pool water is reflecting the variability of the sky. Inside, within a short distance, the fire of a brazier placed on the floor creates heat and gives company in the cold winter days.Save this picture!© Simone BossiProject gallerySee allShow lessAsse Landform / ORG Permanent Modernity + C2O ArchitectsSelected ProjectsModern Times Hotel / Itten+BrechbühlSelected Projects Share Houses Save this picture!© Simone Bossi+ 18 Share CopyAbout this officeduearchitettiOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesVareseItalyPublished on August 05, 2016Cite: “La Casa di Chiara e Stefano / duearchitetti” 05 Aug 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPanels / Prefabricated AssembliesTechnowoodPanel Façade SystemRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialPlastics / FibersRodecaTranslucent Building Elements in Downton Primary SchoolSkylightsVELUX CommercialModular Skylights – LonglightBathroom FurnitureBradley Corporation USAToilet Partition CubiclesSignage / Display SystemsGoppionDisplay Case – One-offAcousticFabriTRAK®FabriFELT™ for Walls and CeilingsBoardsStructureCraftStructural Panel – Dowel Laminated TimberThermalSchöckInsulation – Isokorb® Concrete to SteelDoorsJansenSmoke Control Door – Economy 60Louvers / ShuttersShade FactorExternal Venetian BlindsMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Fundraising Secrets: How To Make The Most Money From Your Next Fundraiser

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Fundraising Secrets: How To Make The Most Money From Your Next Fundraiser  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Eventscenter_img Howard Lake | 1 May 2008 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Thirteen deputies protest to President Ahmadinejad over Internet censorship

first_img December 20, 2005 – Updated on January 20, 2016 Thirteen deputies protest to President Ahmadinejad over Internet censorship to go further After Hengameh Shahidi’s pardon, RSF asks Supreme Leader to free all imprisoned journalists News Call for Iranian New Year pardons for Iran’s 21 imprisoned journalists IranMiddle East – North Africa News IranMiddle East – North Africa Reporters Without Borders welcomed an initiative by 13 Iranian deputies who have written to President Mahmoud Ahmadinejad to protest against censorship of the Internet, which they described as “unconstitutional”. The worldwide press freedom organisation also noted that several news websites, until now tolerated by the authorities, have recently been blocked. Help by sharing this information Receive email alerts June 9, 2021 Find out more Follow the news on Iran Iran: Press freedom violations recounted in real time January 2020 February 25, 2021 Find out more Reporters Without Borders welcomed an initiative by 13 Iranian deputies who have written to President Mahmoud Ahmadinejad to protest against censorship of the Internet, which they described as “unconstitutional”.The worldwide press freedom organisation also noted that several news websites, until now tolerated by the authorities, have recently been blocked.“It is encouraging to see representatives of the Iranian people campaigning against web censorship”, said Reporters Without Borders. “Their letter suggests that contrary to the claims of the regime’s officials, the government’s filtering policy is far from universally popular with the people.”In their 13 December 2005 letter, the 13 deputies, all close to the reformist camp, said that filtering certain websites, particularly scientific publications, was “contrary to the constitution and laws” of the country. They said that only “immoral” sites could legally be banned. The Iranian representatives urged the head of state, who is guarantor of the constitution, to lift filtering of three news websites:, and further sites were banned by the authorities between November and December: a foreign-based online newspaper, the website of the liberal political movement and news site, run by Iranian students. RSF_en March 18, 2021 Find out more News Organisation Newslast_img read more

Eurosets Announces the Full Commercial Release of Its Novel ExtraCorporeal Life Support System, ECMOLife

first_img Facebook TAGS  Pinterest WhatsApp By Digital AIM Web Support – March 4, 2021 MEDOLLA, Italy–(BUSINESS WIRE)–Feb 3, 2021– Eurosets, a leader in the development, production and commercialization of advanced medical devices, announces the full commercial release of its novel ECMOlife system for ExtraCorporeal Life Support (ECLS). This release comes after a successful pre-market clinical evaluation in which critically ill patients were supported by the device for a cumulative period of over 400 days with the longest individual treatment lasting 27 days. This press release features multimedia. View the full release here: Eurosets ECMOlife – system for ExtraCorporeal Life Support (ECLS) (Photo: Eurosets) ECMOlife expands Eurosets’ portfolio to provide temporary support to patients in different therapeutic areas, including ExtraCorporeal Membrane Oxygenation (ECMO) and Mechanical Circulatory Support (MCS). These therapies are used to treat patients suffering from ventricular disease, cardiac arrest or respiratory failure resulting from acute respiratory distress syndrome (ARDS), H1N1, SARS, or COVID-19 infections. ECMOLife is a life-saving device that is able to temporarily replace the functions of severely compromised heart and lungs. The device acts as an external artificial organ connected to the patient through the main blood vessels and is used in cases where pharmacological therapy is considered insufficient. Featuring a magnetic-levitating centrifugal pump, optimal performance and enhanced biocompatibility, ECMOlife is the most gentle, safe and versatile solution for ECLS. It is also the only device available on the market with an integrated backup system, ensuring greater patient safety and easier management for healthcare professionals even during extra-hospital transports. ECMOlife underwent a pre-market evaluation across nine centers in Europe. The device was adopted for treatment of critically ill Covid-19 patients when mechanical ventilation was unsuccessful, as well as patients suffering from post-cardiotomy cardiogenic shock, undergoing lung transplant or requiring cardiopulmonary assistance. One of the first centers to use ECMOlife was the University Hospital of Brussels. The ECLS team, led by Prof. Dr. Meir, Head of Cardiac Surgery, Prof. Dr. De Waele, Head of the ICU and Dr. Kurt Staessens, Head of the Cardiovascular Perfusion Group, reported about their experience: “We are really pleased with the performance of ECMOLife. The magnetic levitation technology can reduce the level of hemolysis and the risk of thrombus generation. In addition, the non-invasive monitoring system combined with the unique integrated backup unit may improve patient care, ensuring additional safety in the event of an emergency”. “Our mission is to offer new solutions to patients who do not benefit from traditional therapies and ECMOLife is fully in line with these core beliefs”, said Antonio Petralia, Executive Vice President & CEO of Eurosets. “Our device supported critically ill patients for 6 months since its pre-market clinical evaluation release in Europe and we are now very proud to have it fully available to help patients and clinicians worldwide.” View source version on Press Office – Ilenia Franchi [email protected] +39 3939079914 KEYWORD: ITALY EUROPE INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES INFECTIOUS DISEASES TECHNOLOGY HOSPITALS OTHER TECHNOLOGY CARDIOLOGY SOURCE: Eurosets Copyright Business Wire 2021. PUB: 02/03/2021 03:30 AM/DISC: 02/03/2021 03:30 AM Eurosets Announces the Full Commercial Release of Its Novel ExtraCorporeal Life Support System, ECMOLife Twittercenter_img Pinterest Facebook WhatsApp Twitter Local News Previous articleThe Jim Pattison Broadcast Group Selects Triton Digital to Power Its Podcast Strategy and Measure Its Streaming AudienceNext articlePurdue, Nebraska meet in conference play Digital AIM Web Supportlast_img read more

Peace Bridge opening in Derry tomorrow

first_imgNewsx Adverts Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – June 24, 2011 HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Pinterest Facebook WhatsApp A weekend of events is planned in Derry to mark the opening of the new Peace Bridge.The cycle and footbridge cost £14 million, and is 312 metres in length.As part of the opening celebrations, 600 children from schools all over the city will walk across the bridge before the official opening at 2pm tomorrow.There’ll be a major fireworks display in the city tomorrow night. Google+ Facebook Google+center_img Previous articleHSE criticised for plan to charge for disabled transportNext articleMonreagh National School building closes after 158 years News Highland Peace Bridge opening in Derry tomorrow PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers Man arrested in Derry on suspicion of drugs and criminal property offences released Dail hears questions over design, funding and operation of Mica redress scheme Twitter Pinterest Twitterlast_img read more

Alleged rape victim to testify Friday at Harvey Weinstein trial

first_imgKuzma/iStock(NEW YORK) — On Friday, Harvey Weinstein will come face-to-face with the woman he is charged with raping in a New York City hotel room in 2013.The witness, who has not publicly identified herself, is not being named by ABC News because says she’s the victim of a sexual assault.Her account represents the most complicated of all the accounts of the six women testifying against Weinstein at this trial — and will feature the first direct testimony about Weinstein injecting erectile dysfunction medication into his penis.Weinstein is charged with performing a forcible sex act on Miriam “Mimi” Haleyi in 2006 and with raping the accuser taking the witness stand Friday. Weinstein has pleaded not guilty to all charges and has denied ever engaging in nonconsensual sex.After the alleged rape on March 18, 2013, the witness, “distraught, disgusted and terrified, ran into a bathroom to collect herself,” Manhattan prosecutor Meghan Hast said during opening arguments. She noticed a hypodermic needle in the garbage, and panicked, since she said Weinstein hadn’t worn a condom.Later, Hast said, she Google-searched the name on the label and learned that it was erectile dysfunction medicine.At Weinstein’s urging, she and her roommate joined Weinstein the following night at a movie premiere, Hast said.“Even after she was forcibly raped by the defendant, she continued some semblance of a relationship with him for years,” Hast said.That included a disturbing account Hast gave of a meeting in November 2013 at the Peninsula Hotel in New York, where prosecutors said that after telling Weinstein she had a boyfriend, he grew angry and again violently raped her, insisting that she “owed him one more time.” (Weinstein is not charged in this incident.)Defense attorneys will argue that the relationship was always consensual, and point to numerous emails she subsequently sent to Weinstein, including one from February 2017 that reads, “I love you, I always do. But I hate feeling like a booty call. :)”If you or someone you know experienced sexual assault and is seeking resources, call the National Sexual Assault Hotline at 1-800-656-HOPE (4673).Copyright © 2020, ABC Audio. All rights reserved.last_img read more

How to tackle the big match

first_img Comments are closed. Related posts:No related photos. Previous Article Next Article When England play Argentina on Friday, employers will be looking for thebest way to manage staff desperate to watch the game Many UK employers are taking the issue of World Cup absenteeism seriously,with more than half planning to tackle the problem by allowing their staff towatch England games at work, according to a fish4jobs survey. The study reveals that almost a fifth of employees have flexitimearrangements in place allowing them to take time off work to watch the WorldCup. A total of 12 per cent of staff plan to listen to the tournament on theradio at work and 5per cent of staff intend to work from home. Jon Clark, human capital consultant at Deloitte and Touche, believesflexitime is the best solution for many employers because it allows footballfans to watch the games but does not impose the World Cup on other staff. However, Jonathan Turpin, CEO of fish4jobs, thinks it is in employers’interests to enable staff to watch important England games. “Many employers recognise the World Cup as an opportunity to create afeelgood factor within the workplace. Our study reveals employers providingflexible working arrangements and opportunities to watch the games on TV areless likely to experience unauthorised absenteeism during the World Cup.” Burgess Hill-based Capital International HR Solutions is one of many firmsthat has decided to allow staff to watch important games at work. Capital staff will have access to the company’s wall-mounted televisionscreen whenever there is a televised match and the firm will even providebreakfast for those early birds wanting to watch dawn broadcasts. Karen Silk, CEO of Capital International explained the firm’s approach:”What do we get back from staff you might ask? Well, a happy workforcethat is not booking days off during the World Cup. It also brings an element offun and competitiveness into the workplace, which supports our companyphilosophy.” Although many employers are taking action to enable staff to watch thegames, few have drawn-up formal policies. Three-quarters of the 100 FTSE 500 HR directors, surveyed by Deloitte andTouche, do not have official employee policies for watching the tournament. More than 90 per cent of the HR directors report they would not allowemployees who had watched games in a pub to return to work if they had beendrinking, but five per cent would turn a blind eye if employees had only hadone or two drinks. “HR directors should not forget that football and drinking can gohand-in-hand. All should have alcohol and drug policies in place, giving clearguidance on how to manage this situation, linked to health and safety inparticular,” said Clark. Studies show employers who are not planning to provide staff access to TVsin the workplace or flexitime arrangements to enable them to watch importantgames will suffer high levels of absenteeism during the tournament. Nearly a third of the 700 staff surveyed by fish4jobs report that theiremployer has made no provision for them to watch the World Cup and, as aresult, 14 per cent are thinking about calling in sick to watch key games. According to the survey, more than three-quarters of employees think it isacceptable to call in sick during the World Cup. Figures revealed by the Deloitte and Touche survey paint a similar picturewith almost a third of employees intending to follow World Cup games illicitly,via the internet or radio. The study reveals that 64 per cent of the 500 staff polled are planning towatch games broadcast during work hours. Research by predicts that across the UK almost 1.4 million menaged between 21 and 44 plan to call in sick on Friday when England playArgentina, with the cost to business estimated at £128.8m. HR can handle the World Cup– Remind employees that requests for holiday during thetournament should be made as soon as soon as possible– Make sure you know when matches are being played, especiallypopular ones– Be firm but flexible – where possible, tell staff you arehappy for them to work flexible hours to enable them to watch vital Englandmatches as long as they make up the time– Consider screening popular matches– For games kicking off around midday, suggest staff take along lunch and make up time at the end of the day How to tackle the big matchOn 4 Jun 2002 in Personnel Todaylast_img read more