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Hilton Hotels Named One of Sri Lanka’s Best Workplaces

Colombo, Sri Lanka – Global research and consulting firm Great Place to Work® announced Hilton Worldwide Holdings (NYSE: HLT) placement on this year’s Best Workplaces in Sri Lanka list. This is the second time that Hilton has been named one of Sri Lanka’s Best Workplaces.

The accolade had been awarded to Hilton following a survey by Great Place to Work® of over 100 registrations representing 51,000 employees in Sri Lanka. The survey assesses employees’ perceptions of leadership, organizational culture and trust, and is critical to a company being selected to the list of Best Workplaces in Sri Lanka. To be eligible for this list, organizations must be certified by the firm in the past year. A total of 40 companies were named in the list this year.

Recognising the importance of mental wellness, Hilton has incorporated a series of family-focused benefits for team members, including flexible working environments and mental health campaigns. Hilton also provides a variety of resources and programs aimed at attracting, developing and supporting team members at various stages of their careers. Through the Thrive@Hilton Program, Hilton supports team members in their professional and personal growth. Globally, Hilton also provides further learning and development opportunities through Hilton University, its Executive Committee Networking Program, as well as team member benefits such as Go Hilton.

Further to creating opportunities for its team members, Hilton had also launched a specially-curated female development program in Sri Lanka in March 2021 through a partnership with the Sri Lanka Institute of Tourism and Hotel Management. Translating to “female courage,” Hilton Liya Diriya aims to provide training opportunities for local female students keen to build a career in hospitality, and in doing so, advance women’s economic empowerment and grow the country’s hospitality talent pool.

Record $4 Billion Airbus Fine Draws Line Under ‘Pervasive’ Bribery

FILE PHOTO: FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse

PARIS/LONDON/WASHINGTON (Reuters) – Airbus <EADSY> bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States.

The disclosures, made public after a nearly four-year investigation spanning sales to more than a dozen overseas markets, came as courts on both sides of the Atlantic formally approved settlements that lift a legal cloud that has hung over Europe’s largest aerospace group for years.

“It was a pervasive and pernicious bribery scheme in various divisions of Airbus SE that went on for a number of years,” U.S. District Judge Thomas Hogan said.

The deal, effectively a corporate plea bargain, means Airbus has avoided criminal prosecution that would have risked it being barred from public contracts in the United States and European Union – a massive blow for a major defence and space supplier.

Prosecutors said individuals could still face criminal charges, however.

Airbus, whose shares closed down 1%, has been investigated by French and British authorities for alleged corruption over jet sales dating back more than a decade. It has also faced U.S. inquiries over suspected violations of U.S. export controls.

“In reaching this agreement today, we are helping Airbus to turn the page definitively” on corrupt past practices, French prosecutor Jean-Francois Bohnert said.

France’s financial prosecutor said the company had also agreed to three years “light compliance monitoring” by the country’s anti-corruption agency.

The U.S. Department of Justice said the deal was the largest ever foreign bribery settlement.

CODE NAME ‘VAN GOGH’

In a packed hearing at London’s Royal Courts of Justice, an Airbus lawyer said the settlements “draw a clear line under the investigation and under the grave historic practices”.

Outlining detailed findings, the UK’s Serious Fraud Office (SFO) said Airbus had hired the wife of a Sri Lankan Airlines executive as its intermediary and misled Britain’s UKEF export credit agency over her name and gender, while paying $2 million to her company. The airline could not be reached for comment.

Click the link below to read the full story!

https://finance.yahoo.com/news/airbus-pay-4-billion-settle-152542295.html