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Aid for banks to address staff pinching

PETALING JAYA: Banks that suffered from staff poaching in the industry will be better compensated starting this year so that they can reinvest in training.


Judge rejects US$324.5mil settlement over Apple, Google hiring

SAN FRANCISCO: Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a US$324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each other's employees.


Shortage of talent in insurance industry

PETALING JAYA: Talent or the lack thereof is taking centre stage among local insurance players as competition hots up amid the implementation of the Financial Sector Blueprint, while poaching of professionals is rampant as a spate of merger and acquisition deals in recent years place a strain on the supply of employable graduates.


Faraday sues ex-execs for alleged trade secrets theft

BEIJING: Faraday & Future Inc, the electric carmaker run by Chinese entrepreneur Jia Yueting, is suing a startup founded by its former chief financial and technology officers for allegedly poaching talent and stealing valuable intellectual property.


Cathay Pacific backs down, extends pilot housing allowances for a year

SINGAPORE/HONG KONG: Cathay Pacific Airways has extended payment of housing allowances to its pilots for another year, backing down from a plan to cut the stipend as the busy holiday travel period looms and amid poaching attempts by its rivals.


Nestle poaches CEO from Fresenius in health and wellness drive

ZURICH: Swiss food giant Nestle SA named Ulf Mark Schneider as its next chief executive on Monday, underlining its shift towards health and wellness by poaching the boss of German healthcare group Fresenius.


Bellew a technical guy with hands-on approach

THE restructuring of Malaysia Airlines by Khazanah Nasional Bhd in 2014 saw not only the poaching of Christoph Mueller, but also Peter Bellew as a key person tasked to overhaul the entrenched culture of the “technically bankrupt” airline.


RHB Bank to name Maybank exec Khairussaleh as deputy CEO

KUALA LUMPUR: Malaysia's RHB Bank Bhd will be appointing Khairussaleh Ramli to the new position of deputy CEO, banking sources said, poaching him from Malayan Banking Bhd (Maybank) where he currently heads its Indonesian unit.


EADS offers to help core buyers, M'sia only buyer outside Europe

SEVILLE, Spain Europe's Airbus pledged on Monday to help address financial difficulties faced by core European buyers of its A400M airlifter, as it tries to prevent some of the countries poaching its own exports by reselling aircraft they cannot afford.


Petronas chief lashes out at talent poachers

The record high oil price has posed a challenge for Petroliam Nasional Bhd (Petronas) to stave off poachers seeking its trained staff while it seeks to expand its oil reserves.