Qantas to pay record fine of $58 million for pandemic sackings criticized by judge

A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticized it for a lack of contrition. In imposing the penalty, the largest ordered by a court on a company in the history of Australia’s labor…

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Advent to acquire U-Blox

Private-equity group Advent International said on Sunday it has agreed to take over Switzerland’s U-Blox in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox’s shares would be carried out by its indirect subsidiary ZI Zenith. The 135 Swiss francs per share offer represents a…

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