Women working in the City expect to receive a bonus that's half of what is being paid to their male colleagues according to a new report. Recruitment firm Astbury Marsden found that female staff are anticipating payments of around £16,240 compared to £32,800 for men.
The gap is predicted to be even wider at senior levels, with female directors and other executives expecting an average bonus of £25,800, almost half of the £50,300 expected by their male counterparts.
The managing director of Astbury Marsden said this could be down to men filling the commission earning jobs: "The reality is that the sectors where there is a high reward culture are still male dominated with women often making up a larger proportion of the non-commission earning side of businesses such as HR or marketing.
"Trading floors for example, have a reputation for being largely a male environment and many women can be put off from applying to these types of roles."
The Met Police are launching a new drive to recruit officers who can speak foreign languages.
A four-week pilot focused on promoting 12 tongues spoken across the city will see new bobbies on the beat testing out different languages from Yoruba to Portuguese.
Docklands Light Railway workers are to be balloted over strike action due to disputes over pay and conditions. Members of the Rail, Maritime and Transport union will vote in the coming weeks, with a result expected on May 12.
There are two separate disputes involving this year's pay deal for directly employed staff and another row over wages for employees at the facilities company Interserve.
RMT general secretary Mick Cash said: "Our reps are in no doubt that we need to send a clear message to management that staff are prepared to fight to demand decent rewards and recognition, a safe working environment, decent working conditions and will not be forced into accepting inferior pay arrangements."
New figures from the Office for National Statistics reveal that unemployment has fallen in the capital.
Official figures show that 10,000 fewer people were out of work over the three months to February this year.
- North West: down 20,000 to 209,000 (5.9% unemployment rate)
- Yorkshire/Humber: down 17,000 to 166,000 (6.2%)
- South East: down 13,000 to 195,000 (4.2%)
- East Midlands: down 13,000 to 116,000 (4.9%)
- Wales: down 12,000 to 92,000 (6.2%)
- North East: down 11,000 to 100,000 (7.7%)
- London: down 10,000 to 287,000 (6.2%)
- West Midlands: down 1,000 to 172,000 (6.2%)
- East of England: up 1,000 to 154,000 (5%)
- Northern Ireland: up 3,000 to 53,000 (6%)
- South West: up 7,000 to 126,000 (4.6%)
- Scotland: up 9,000 to 167,000 (6%)
Bin lorry drivers in Barking and Dagenham have gone on strike for two days in protest at a £1,000 pay cut.
Ninety per cent of GMB union members employed as bin lorry drivers in the borough turned out to vote in the industrial action ballot.
Keith Williams, GMB Senior Organiser said, "There is clearly something wrong when Barking and Dagenham council is cutting the pay of front-line service workers and increasing the wage bill with the introduction of new high level posts, and at the same time compromising health and safety.
There is no doubt at all that residents need a well-functioning refuse/cleansing service but there is a question as to whether residents will benefit from any of these expensive new jobs."
Members of the Unite union who are employed by Bromley council have begun a strike over what they call 'mass privatisation'. They have accused the council of wanting 'to privatise everything it does not have a legal duty to provide directly'. But the council says it needs to make £50 million in savings over four years from a net budget of around £200 million.
This, according to Unite, has led to a reduced workforce of directly employed staff; from 3,000 to 300.
Of those who voted in the ballot, eighty seven per cent opted for strike action. Disruption will continue into the 8th of April, with services affected including libraries and parks.
The number of new jobs in the City of London increased by almost a fifth last month compared to this time last year.
A study by recruitment firm Astbury Marsden found there were 3,100 new roles in February despite investment banks cutting jobs.
A strong global equities market and positive economic noises emanating from the US and the Eurozone contributed to increased hiring activity in February. "As the oil price stabilises and concerns over a Greek exit from the Eurozone subside at least temporarily, the markets have bounced back in recent weeks which in turn has had a positive impact on hiring at the investment banks.
The report added that City hiring activity is expected to be boosted in the coming weeks as the investment banks sign off their headcount for 2015.
The Government has been accused of refusing to negotiate with firefighters ahead of a fresh strike over pensions.
Members of the Fire Brigades Union will walk out for 24 hours from 7am tomorrow, forcing brigades across the country to put contingency plans in place.
The union says improvements have been made in Wales, Scotland and Ireland but not England.
Two London prisons are facing staffing shortages this Christmas.
Extra officers are having to be sent to HMP Feltham and HMP Wormwood Scrubs over the festive period to make up the shortfall.
In total more than 230 prison officers are being deployed to seven prisons across the country in what campaigners have called a 'major crisis' for the service.