Schibsted: Schibsted ASA (SCH) – Allotment of shares in connection with performance based share acquisition programme

Schibsted has allotted shares to participants in the Group’s performance based share
acquisition programme for 2010.

In the new share acquisition programme, each participant is granted a defined Basic
amount, which is a fixed per cent of the basic salary. 1/3 of the Basic amount, after
tax, must be used to acquire Schibsted shares. These shares are now allotted to the
participants in the programme.

The rest, up to 2/3 of the amount, must be earned over a three years period. It will
only be earned in full if certain financial results in the individual business unit are
reached.

Please find attached overview of the number of shares allotted to primary insiders
through pay out of the share acquisition programme’s Basic amount and their total
holding of shares.

For further details of Schibsted’s performance based share acquisition programme, please
refer to the stock exchange notice dated 20 April 2010 and Declaration regarding the
determination of salary and other remuneration to managers, published the same day.

Oslo, 27 July 2010

SCHIBSTED ASA

Jo Christian Steigedal

VP Investor Relations

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Hungary govt says further austerity not an option

July 19 (Reuters) – Hungary’s government stuck to its plans for a new financial sector tax this year and ruled out further austerity measures at talks with international lenders that were suspended at the weekend, the economy minister said.

Gyorgy Matolcsy also told public television m1 in an interview on Monday that International Monetary Fund and EU representatives have voiced concerns over the 200 billion forint tax and a bill which would put a ceiling on public sector pay, including the central bank governor’s salary.

A review of Hungary’s 20 billion euro funding agreement signed in Oct. 2008 fell through on Saturday after lenders failed to get sufficient clarity of the new centre-right government’s economic plans. [ID:nLDE66G0AP] (Reporting by Gergely Szakacs; Editing by Kim Coghill)

Corrected: Spain gov’t preparing own labor reform plan: report

MADRID (Reuters) – Spain’s government has almost given up on securing a deal with unions and employers on a reform of rigid labor market rules and is preparing its own plan, newspaper El Pais reported on Monday without citing sources.

A deadline for the government to agree a labor reform deal with unions and employers had been set for Monday, but the labor ministry said on Saturday it had extended it by a week.

“The government has almost lost all hope of reaching a deal with unions and the employers’ association over the labor reform. Today, they are meeting … with very few expectations of success,” the newspaper said.

Under plans being mulled by the government, left-leaning daily El Pais said companies would have the possibility to make greater use of cheap work contracts for a broader range employees.

There was no immediate official government comment on the El Pais report.

At the moment, special contracts allow some workers to be hired on the basis of reduced redundancy payments — 33 days of salary per year worked instead of the normal 45 days — in the event they are later fired.

The government would try to extend this through a legal decree that would have to be voted on in parliament, but which would not allow opposition lawmakers to table amendments.

Imposing a deal without the agreement of the unions would likely set the ruling Socialists on a collision course with their traditional allies.

Spain’s two largest unions have threatened a general strike if the government tries to impose labor reform.

Companies in Spain have long complained that burdensome hiring and firing costs are a disincentive to recruiting workers, exacerbating the government’s high unemployment rate which has hit 20 percent.

(Reporting by Sarah Morris; Editing by Sonya Hepinstall)

Probe MCD Scam: HC

New Delhi, May 27 — The Delhi High Court, on Wednesday, directed the Delhi Police commissioner to probe the alleged scam of ‘ghost’ employees in the Municipal Corporation of Delhi (MCD). A Division Bench asked the Delhi Police to complete the inquiry within two months and submit the report in court. The Bench discarded the report of the internal enquiry conducted by the MCD Commissioner which said the issue had been blown out of proportion and the blamed the new biometric attendance system for the discrepancies.

A PIL seeking a probe by an independent agency had alleged that 22,000 “gardeners” and “sweepers” existed as MCD employees only on paper and they were being paid salary.

Ribery likely snub Premier League giants’ overtures to stay with Bayern Munich

London, May 21(ANI): Bayern Munich midfielder Franck Ribery is likely to turn his back on the English Premier League and sign a four-year contract extension with the German club.

Manchester United, Chelsea and Manchester City have all been linked with Ribery, with talk of bids in excess of 50 million pounds, The Sun reports.

However, Ribery may snub the clubs and sign the new contract until 2015, with a new club-record salary after Munich’s Champions League final against Inter Milan on Saturday.

The 27-year-old is expected to formally announce his decision before flying out to South Africa for the World Cup. (ANI)

First rural BPO in Chennai”s Krishnagiri District boosts employment

Krishnagiri (Chennai), May 20 (ANI): The first government-run rural BPO in Chennai”s Krishnagiri District is proving to be a boon for youths wanting jobs.

At present over one hundred rural youth, both male and female, in the age group of 18 to 35 years are employed at Fostering Technologies in Rural Area (FOSTeRA), the BPO established in year 2007 by District of Rural Development Agency (DRDA).

The employees here earn a monthly salary of Rs 5000 to Rs 8,000.

“The objective is to take IT to rural areas and to provide employment and also create entrepreneurship. The rural BPO provides employment for local people in the age group of 18 to 35, with the qualification of plus two, graduate and above,” said Ashok Kumar, CEO, FOSTeRA.

The nature of the job is voice process and non-voice process. About 300 young people have already been put through voice and non-voice training.

“Here it is night as well as day shift. I have got job to work in day shift. The call center has hired many rural people,” said Anjana, an employee.

FOSTeRA Krishnagiri, is planning to increase its capacity from the present 25 to about 500 by the end of October, and after that it will employee around 1000 people working in two shifts.

Multi-national companies like telecom and banking are looking at FOSTeRA to outsource their help desk, credit card processing, form filling and editing work. (ANI)

National footballers force AIFF to one-on-one meet

New Delhi, May 15 (IANS) The national footballers are unhappy with the payment structure of the central contract system and have forced the All India Football Federation (AIFF) to have one-on-one meetings to negotiate their deal that will some into effect from next month.

The AIFF had planned to give central contracts to the 30-listed footballers from next month till the Asian Cup in January. The federation proposed that players, barring few, would be given 15 percent hike for the eight-month contract, but footballers feel that the hike is too less as the market value of some of the players has gone up by three to four folds.

In fact the top brass of the AIFF also stands divided over the issue and some feel that the federation is trying to arm twist the players to sign a lesser deal.

A top official in the AIFF told IANS: ‘The federation is now in a spot of bother and the footballers have forced us for a one-on-one meetings. This was on the cards. JCT striker Baljit Sahni now plays for a modest salary but he has got a great offer from a Kolkata club, which is three to four times his present offer this season. So why should he accept a contract with a mere 15 per cent hike?’

Players cannot negotiate with a club before the end of the I-League and the AIFF is using this rule to close the deals before the end of the league.

A top player, on condition of anonymity told IANS: ‘The AIFF is trying to take advantage of this rule and seal the deal before the start of the transfer season. They are cheating us.’

Another player, who was a part of the AFC Challenge winning squad, said: ‘This is simply arm twisting. Are we paying a price for taking India to the Asian Cup finals after 25 years? Show me one federation that treats its footballers this way. The players are not going to accept a hike of 15 percent.’

Anelka all set to stay at Chelsea for another two years

London, May 6 (ANI): French striker Nicolas Anelka is all set to stay at Chelsea for another two years after getting an extension to his existing contract after the FA Cup final.

Anelka has agreed a deal, which will keep him at Stamford Bridge until 2013, but will see no great advance on his 80,000 pound-a-week wages.

Anelka, who has scored only one goal in his last 17 games, had one year left on his contract and seemed expendable in any planned summer clear out.

But he does not want to move and is ready to accept younger players being brought in to provide increased competition, the Daily Express reports.

“At the end of the season every contract will be discussed, but I want Nicolas to stay,” Chelsea boss Carlo Ancelotti said.

Michael Ballack has also been offered a one-year deal with a one-year extension, but wants a straight two-year contract.

Schalke coach Felix Magath, whose club are set for Champions League football next season, hopes to lure him home.

“I think Michael Ballack would be willing to accept a drop in salary for the chance to return to Germany,” said Magath. (ANI)

AIDS/HIV affected people stage a mass silent in New Delhi

New Delhi, May 4 (ANI): Over 500 outreach workers and representatives of state-level positive network, NGOs and others staged a demonstration here on Tuesday to protest against the termination of the services of 1000 outreach workers.

Highlighting other grievances of this sector, they voiced their displeasure and ire at the failure of the government to provide second line treatment.

“We have outreach workers who are working and most of them are people who are suffering from HIV. In this project the salary of outreach workers was rupees 2500 per month. They are terminated without any information and without job it is very difficult to sustain their life because they have their children, they have to look after their whole family,” said Jhanvi Goswami, organisation head of INP+.

“For this reason, we have come here, all other HIV positive people including me have come here to protest,” she added.

The INP+ has demanded immediate reinstatement of all the retrenched 1000-outreach workers with arrears paid for the period of their unemployment. They have also demanded that the monthly salaries of these workers should be increased from the present Rs 2500 to at least Rs 6000 per month.

Reportedly, the government terminated the services of the outreach workers without any discussion with Indian Network of People living with AIDS/HIV (INP+), the NGO that was the channelising and monitoring agency. (ANI)

Foreign workers allowed to work in Malaysia despite work permit expiry

Penang (Malaysia), Apr 21 (ANI): Employers in Malaysia are allowing the foreign workers to work illegally, despite their work permits expiring, reports Star online.

The Tamil Nesan quoted Suhakam (Human Rights Commission of Malaysia) Commissioner N. Siva Subramaniam as saying that the commission had received numerous complaints on the matter.

Subramaniam said the employers were doing this in order to delay the payment of the balance of salary and benefits due to the workers when they leave the country.

He appealed the government to take immediate action against the errant employers as well as to solve the problem of worker shortage at restaurants.

Penang Deputy Chief Minister Prof Dr P. Ramasamy reportedly said that the Indian community in the country had been neglected as there was no capable leader fighting for their rights.

“The Indian community in the country had been neglected as there was no capable leader fighting for their rights,” he said, urging the community to unite under one umbrella and fight for their rights together. (ANI)

Disabled find a place at Canberra Hospital

Going to work is something most of us take for granted, or even complain about.

But for people with severe disabilities the biggest frustration is that they are often locked out of the workplace because no-one will give them a job.

Too often that can leave them bored, lonely and depressed.

But at the Canberra Hospital, several people with disabilities have been given jobs, giving them a paycheck and – more importantly – confidence.

Ben Pattrick has cerebral palsy and is confined to a wheelchair.

He is now working for a living in the hospital’s mail room, and his mother Cheryl says he could not be happier.

“I think it will help him develop into a much more mature young man,” she said.

“It’s given him the opportunity to meet people, feel like he’s achieving in life and it’s just been fabulous.”

In many jobs, a wheelchair would be hindrance, but for delivering mail it has advantages.

Mr Pattrick’s colleagues say he covers at least eight kilometres a day, saving them a lot of legwork.

“Ben came into the team and just made a big difference for us, taking a lot of the load off us in the runs he does,” said the head of the mail room, Peter Humphries.

“It’s working out great.”

Ms Pattrick says the job gets Ben out of the house and gives him a salary – things most of us take for granted.

“Part of it is just the opportunity to be here and meeting people and talking with people and not being isolated,” she said.

“I think that’s really important.”

More work needed

Most people would agree that people with disabilities are as entitled to work as anyone, but the hospital mail room is still an exception, not the rule.

ACT Health Minister Katy Gallagher acknowledges governments have been too slow to hire people with disabilities.

“I don’t think we’ve done exceptionally well in the past,” she said.

“I think there’s more work to be done and that’s certainly the view ACT Health has taken.”

“Particularly for Ben it’s delivered the right outcome for him, which is a job.”

Ms Pattrick says more workplaces need to consider hiring people with disabilities.

“I think people are often a little bit too scared,” she said.

“They’re just really not sure what’s involved so that tends to close a lot of doors.

“But I think this is a really good example of what you can do when various people work together.”

CORRECTED-BRIEF-AIG sets CFO, property unit CEO compensation

(Corrects to show Moor is CEO of property casualty unit and not CEO of AIG)

April 2 (Reuters) – American International Group Inc (AIG.N):

*CFO herzog to receive $495,000 salary in 2010; property casualty unit CEO moor to receive $700,000 – filing

*CFO herzog to receive $4.485 million in stock salary in 2010; property casualty unit CEO moor to receive $5.0 million stock salary – filing

*CFO herzog to receive $1.02 million in annual long-term incentive award in 2010; property casualty unit CEO moor to receive $1.9 million long-term incentive award -filing

Ablett knows where he’s going: Bomber

Geelong coach Mark Thompson says he suspects Brownlow medallist Gary Ablett has already made up his mind about which AFL club he will play with next season.

Ablett has been strongly targeted by the incoming Gold Coast franchise, which is able to offer him a much bigger salary than the Cats, but has yet to give a public indication of his thinking.

His younger brother Nathan has already been signed by the franchise.

“Gary probably already knows what he’s going to do, so we’ve just got to wait for him to tell us what he’s going to do,” Thompson said.

But Thompson refused to speculate on how he will treat Ablett for the rest of the season if he did tell the club he will not be there next year.

“That hasn’t happened, so I won’t speculate on something that I don’t know has happened until it actually happens,” he said.

“When it does happen we’ll certainly have some answers, if it does.”

But Thompson says himself and the rest of the players are putting Ablett’s future out of their minds as they prepared for Friday night’s opening round clash with Essendon at the MCG.

“The players don’t care that much, I couldn’t care less, and we just want to get out and play Essendon,” Thompson said.

The Cats will be missing Travis Varcoe and Max Rooke through injury and another forward Mathew Stokes through a club-imposed suspension.

But Joel Corey is expected to return from a preseason knee injury and Thompson also says there is likely to be a player making his AFL debut, although he did not say who.

- AAP

Audit reports unearths massive 500 m rupee financial scam in PCB

Islamabad, Mar.20 (ANI): An audit report of the Pakistan Cricket Board (PCB) has revealed massive financial irregularities in the board amounting to over 500 million rupees.

According to a report of the Auditor General, the PCB incurred huge losses of over 500 million rupees from 2003 to 2008 during the period when Shahrayar Mohammad Khan and Dr Nasim Ashraf headed the board.

The report said that the PCB, which has long been crying over its sagging financial accounts, paid an additional bonus of 90 million rupees to its employees during the said period against the board’s laws.

It also pointed out that Shafqat Naghmi was appointed as the Chief Operating Officer (COO) of the board bypassing the formal channels, and that the National Assembly was kept in the dark about his appointment.

Naghmi was paid 10.07 million rupees as salary and other benefits during his tenure, The Daily Times quoted the audit report, as revealing.

The audit report further disclosed that eight senior officials were paid 10.28 million rupees ‘illegally’ during the ICC Champions Trophy in 2008. (ANI)

Centre announces eight percent increase in DA for Central Govt employees

New Delhi, Mar 19 (ANI): The Congress-led United Progressive Alliance (UPA) Government on Friday announced an eight percent Dearness Allowance (DA) increase for the Central Government employees.

The DA increase has been announced to compensate for the price rise and it will be applicable from January 1, 2010.

This decision was taken in a Cabinet meeting presided over by Prime Minister Dr Manmohan Singh.

Dearness allowance (DA) is part of a person”s salary. DA is calculated as a percentage of the basic salary. This amount is then added to the basic salary along with house rent allowance to get the total salary.

Dearness Allowance is calculated on the original pension without commutation.

During the reemployment under Central or State Government, Government undertaking, Autonomous body or Local Body, they are not eligible to draw DA, in which case DA is allowed in addition to fixed pay or time scale.

In other cases of reemployment DA is allowed subject to the limit of emoluments last drawn. DA is not allowed while the pensioner stays abroad and also in case of employees absorbed in public undertaking or bodies.

If the pensioner stayed abroad without reemployment, he shall be eligible to draw DA on pension.

Dearness Allowance is granted at certain percentage of basic pension and it is revised every 6 months from 01.07.1986 onwards based on cost of living index.

Pensioners and the family pensioners are granted DA against the price rise. (ANI)

‘Fat cat’ salary upsets staff

Members of the South West Aboriginal Medical Service say their chief executive is sitting on a ‘fat cat’ salary while the service looks to cut costs by sacking staff.

A document leaked to service members and obtained by the ABC suggests CEO Glenda Humes is being paid more than $200,000 a year.

The service receives about $4 million in federal funding each year.

The not for profit corporation pays Ms Humes’ rent, childcare, car expenses and holidays.

Ms Humes is also entitled to a $120,000 pay out when she leaves the corporation.

One service member, who does not wish to named, has told the ABC she is outraged.

“As a traditional owner and Nyungar resident of Bunbury, can I just say how absolutely disgusted I am that the CEO of our Aboriginal medical service can sit back on such a fat cat salary when the health system still fails us.”

“When you look at some of the other medical services in Australia, I don’t think their salaries come anywhere near this.”

The service reported a $150,000 loss in the first half of the financial year with recommendations to reduce staff numbers.

Ms Humes has refused to comment.

‘Austerity drive may be extended to MPs after an all party meet’

New Delhi, Sep. 16 (ANI): The UPA Government’s austerity drive is expected to be extended to all Members of Parliament (MPs) following an all party meeting, according to sources.

Vice President Hamid Ansari will call an all-party meeting to decide on the issue once Lok Sabha Speaker Meira Kumar’s returns from Rome, inside sources said.

Following the top party leaders’ much publicized economy class flights and train rides, the UPA had requested Rajya Sabha and Lok Sabha chairpersons to convince all MPs to join the austerity drive.

The Chairman of the Rajya Sahba and the Lok Sabha Speaker are expected to hold a discussion on the austerity drive.

The move is to promote the austerity comes in the wake of the country experiencing a crippling draught.

The Congress party has already advised its ministers and lawmakers to donate 20 percent of their salary towards draught relief.

They have also been told to travel economy class and not hold press conferences in five-star hotels. (ANI)

JKRTC hold demonstration over release pending salaries in Srinagar

Srinagar, Sep 14(ANI): Hundreds of striking employees of Jammu and Kashmir Road Transport Corporation (JKRTC) suffered injuries on Monday, when they held a rally outside the corporations’ headquarters and marched towards the State Civil Secretariat near Lal Chowk in Srinagar, as police had to use teargas shells and water cannons to disperse them.

Police was forced to use force, as demonstrators were adamant to meet the State Finance Minister over his alleged remarks about them.

“Today is our 20th day. We are on strike. It has not affected the Government at all. We have given the Government two options. Either the Government should run the transport corporation effectively and pay the employees their salary or wind up the whole corporation and pay the employees their compensation,” said Muhammad Ashraf, an employee of JKRTC.

Demonstrators wanted to meet the Finance Minister of the State to press for their demands, but police stopped them.

“On earlier occasions also the police baton charged us, our women and daughters. Today also they are trying to stop us from going to the secretariat. We want to meet the state finance minister. We want to know why he said that there was nothing for transport employees,” Ashraf added.

The demonstrators have been observing an indefinite strike for 20 days, and want release of last five months pending salaries. (ANI)