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Position: Event

Do you get excited about creating new dishes and throwing dinner parties for your friends and family? Do you love travelling and getting to meet people from all over the world? Are you enthusiastic and social? Most importantly, do you have a great attitude towards life?

If yes to all the above, you should be working as a host for Yacht Week.

For prerequisites and more information check out our in-house training academy,  quarterdeck.co to learn how you can apply to be a host on Yacht Week.

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Position Any Fleet Captain Build Captain Captain Chase Boat Captain Relief Captain Chief Officer/1st Mate Deckhand/Mate 2nd Officer 3rd Officer Bosun Lead Deckhand Deckhand Deckhand/Security Junior Deckhand Deck/Steward(ess) Deck/Engineer Deck/Carpenter Deck/Divemaster Competent Crew Delivery Crew Dayworker Race Crew (Professional) Race Crew (Amateur) Chief Engineer Relief Chief Engineer Sole Engineer 2nd Engineer 3rd Engineer Chief ETO (CETO) Electrical Technical Officer (ETO) Electro-Technical Rating (ETR) AV/IT Officer Storekeeper Engineer Motorman Wiper/ Oiler Tender Engineer Junior Engineer Executive/Head Chef Sole Chef Sous/2nd Chef Chef de Partie/3rd Chef Commis/4th Chef Cook/Crew Chef Cook/Steward(ess) Purser Concierge Household/ Estate Manager Chief Steward(ess) Interior Manager Head of Service Head of Housekeeping Spa Manager Spa Therapist/ Steward(ess) Butler Sole Steward(ess) 2nd Steward(ess) 3rd Steward(ess) Steward(ess) Service Steward(ess) Sommelier Housekeeping Steward(ess) Laundry Steward(ess) Junior Steward(ess) Stew/Masseur(euse) Host(ess) Private Security Officer (PSO) Close Protection Officer (CPO) Private Driver/ Chauffeur Helicopter Pilot Helicopter Mechanic Hairdresser/ Barber Beautician Masseur(euse) Governor/ Governess Nanny Au Pair Tutor Florist Personal Assistant (PA) Executive Assistant (EA) AV/IT Specialist Videographer Personal Trainer (PT) Yoga/Pilates Instructor Sub-Pilot Dive Instructor Watersports Instructor Doctor Nurse Paramedic Chairman Chief Executive Officer (CEO) Group Financial Controller (GFC) Chief Financial Officer (CFO) Managing Director Director Financial Director Technical Director Training Director Yacht Management Director Charter Management Director Yacht Charter Director Yacht Sales Director Operational Director Company Secretary Fleet Protocol Director Maritime Compliance Director Creative & Marketing Director Yacht Sales Broker Yacht Charter Broker Charter Manager Charter Accounts Manager Charter Accounts Support Yacht Market Analyst Sales & Product Marketing Manager Sales & Product Marketing Assistant Sales Manager Senior Sales Executive Sales Executive Head of Yacht Management Yacht Manager Operational Manager Client Relations Manager Insurance Manager Insurance Consultant System Development Crew Compliance Manager Yacht & Crew Compliance Crew Compliance Administrator Crew Compliance Support Crew Services Administrator Head of Maritime Compliance & DPA Marine Superintendent Maritime Compliance & DPA Maritime Solicitor Marina Manager Marina Operative DPA & Safety Manager Yacht Compliance Manager Yacht Compliance Administrator Yacht Compliance Support Head of Yacht Accounts Lead Yacht Accounts Yacht Accounts Manager Yacht Accounts Administrator Yacht Accounts Support Fleet Technical Manager Project Manager Project Engineer Project Coordination Project Controller Supply Chain Manager Environmental Manager Supervisor/ Foreman Naval Architect Mechanical Engineer Marine Engineer Marine Electrical Engineer Marine Technician 3D CAD Technician/ Modeller Concept Designer (creative) Detail Designer Design & Proposal Engineer Design Engineer Senior Interior Designer Structural Engineer Interior Designer Cost Estimator Technical Superintendent Technical Manager Technical Controller Technical Assistant Technical Financial Controller Procurement Manager Procurement Assistant Head of Technical Compliance & DPA Logistics Project Manager Materials Controller Yacht/ Boat Builder Marine Joiner/ Carpenter Mechanical Fitter Marine Electrician Marine Plumber/ Pipefitter Marine Surveyor Sprayer/ Painter Laminator/ Finisher Assembler/ Fabricator Slinger (crane & lifting operative) Sail/ Cover Maker Upholsterer Seamstress Welder/ Plater Shipyard/ Warehouse Operative CNC Operative Corporate Development Manager Marketing Manager Marketing Executive Marketing Assistant Yacht Marketing Graphic Designer Content Writer Creative & Events Digital Marketer & SEO Partnerships Liaison PR & Communications Officer Head of Client Relations Head of Information Technology (IT) Business Development Manager IT Support Technician Web Designer/ Developer Crew Manager Recruitment Consultant Crew Assistant Crew Employment and Payroll Manager Crew Employment and Payroll Administrator Training & Exam Coordinator Training Coordinator Head of Safety Training Instructor Company Secretary Office Manager Listings Manager Administrator Customer Service Office Support/ Assistant Personal Assistant (PA) Executive Assistant (EA) Human Resources Manager Human Resources Administration Human Resources Support Group Finance Controller Assistant Group Finance Controller Finance Manager Financial Administrator Financial Analyst Accountant/ Book-keeping Accounts Administration

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• 1841 positions

We are Wilson Halligan

The leaders in superyacht recruitment

Captain Team/Couple

• Job ID #2253408
• 37m (121ft) Motor Yacht
• Starting 27th Mar 2024
• United States
• Posted Yesterday

Steward(ess)

• Job ID #2253395
• Motor Yacht
• Starting 22nd Mar 2024
• New Zealand

• Job ID #2253382
• 25m (82ft) Sailing Yacht
• Starting 13th Mar 2024

• Job ID #2253335
• 60m (197ft) Motor Yacht
• Starting 20th Mar 2024
• USD ($)4,141.00 Per Month

Sole Steward(ess)

• Job ID #2253323
• 32m (105ft) Motor Yacht
• Starting 28th Mar 2024

Cook/Crew Chef

• Job ID #2253316
• Job ID #2253309
• 80m (262ft) Motor Yacht
• Starting 23rd Mar 2024
• Job ID #2253300
• 62m (203ft) Motor Yacht
• USD ($)3,250.00 Per Month

Junior Deckhand

• Job ID #2253283
• 45m (148ft) Motor Yacht
• Starting 18th Mar 2024

Chief Steward(ess)

• Job ID #2253265
• Starting 1st Apr 2024

Chief Officer/1st Mate

• Job ID #2253258
• 48m (157ft) Motor Yacht
• Starting 10th Apr 2024
• EUR (€)4,000.00 Per Month
• Job ID #2253241
• Shore Based Position
• Starting 17th Mar 2024

Junior Steward(ess)

• Job ID #2253225
• 88m (289ft) Motor Yacht
• EUR (€)3,000.00 Per Month
• Job ID #2253198
• 55m (180ft) Motor Yacht
• Starting 31st Mar 2024
• USD ($)150.00 Per Day

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Yacht Crew Jobs: Where + How To Find Work Right Now

Find work on a yacht even with no experience..

So you binge-watched Below Deck during the pandemic and now you’re inspired to work on a yacht? Although there are some similarities, the reality show walks the line between the yachting world and the series. Yacht crew jobs are in abundance now, so it’s a perfect time to get started. If you work hard, value professionalism and hospitality, solve problems, and love to travel — a job in the yachting industry may be for you. Whether you’re interested in becoming a deckhand, stewardess, or chef — here’s where and how to find work on a superyacht right now.

How To Prepare For Your First Yacht Crew Job

Entering the yachting industry may require a bit of schooling, but nothing one can’t handle — yacht crew must pass a basic safety course called Standards of Training, Certification, and Watchkeeping (STCW). This course is required by all seafarers who are working on board commercial vessels. For a charter yacht, you’ll need to attain ENG1, a medical examination set by the Maritime and Coastguard Agency. This shows that you’re healthy and able to perform tasks onboard.

While STCW is the basic course required for a private yacht, additional courses might set you apart from other applications as it shows commitment to a career in yachting. For instance, the Powerboat certification is important to have if you are a deckhand, but learning how to safely drive a tender would benefit anyone who works on a yacht. Other valuable courses such as hospitality, silver service, or mixology are a plus and will help crew better market themselves for various opportunities.

Many boats, especially charter yachts, seek crew with additional skills. In addition to gaining required certifications, potential yacht crew should also have a stand-out CV and portfolio of work. It’s advantageous to showcase your skills so that the person reviewing your application can understand how you may be able to apply those skills to work on the yacht.

For example, if you’re applying for a chef position, share photos or videos of your recipes, menus, kitchen experience, or food. If you’re applying for a stewardess role, gather photos of your table settings, flower arrangements, or past work experience in hospitality or event coordination. It always helps to have letters of recommendation. Show us what you got — Denison’s crew portal makes it easy to create a profile and an album of work.

Now’s The Time To Apply

It’s never been a better time to find work on a yacht. Denison’s Lead Crew Coordinator Jill Maderia explains that the most in-demand jobs right now are for captain, mate, stewardess, and chef positions. If you’ve never worked on a yacht but always thought it seemed like the coolest job in the world — now’s the time to go for it.

“It’s a great time for crew entering into the industry as there are boats opting to hire green crew and train them now,” said Jill.

Green crew means entry-level — to work on a yacht with no experience. Everyone who’s worked on a yacht has been a green crew member at one point (you gotta start somewhere). If you’re willing to learn and do the work, you can move up quickly. So why the abundance of crew jobs right now?

“Yacht crew is a very international profession and many have not been able to travel from their countries due to visa issues and travel restrictions. Many boats have remained in the U.S. during COVID and hired all of the local crew,” said Jill. “And, of course, life happens and some crew have entered into new relationships and are not looking to travel full time anymore. So all these factors lead to plenty of job openings for the crew at the moment.”

Tips To Landing A Yacht Crew Career

Do your research and read marine industry publications such as Dockwalk , The Triton News , or Superyacht News . Catching up on industry news is super helpful for those who have never worked in the yachting, marine, or hospitality industry.

Explore and find crew housing . You may have the skills and required certifications, but networking can also help you land a job. Yacht crews usually live in a house together, which leads to networking, ideas, and tips within the industry. A house may host a variety of crew — from green to experienced — who each have a story to tell or wisdom to share. You can find crew housing by speaking with your agent, who often knows which ones are reputable.

Dip your toes in day work . This is a great way to trial different size yachts, learn crew dynamics, and get a feel for the work before committing to a contract. While day work is usually a temporary gig, it can lead to long-term opportunities. The captain may see your potential and schedule an interview to see how you could fit with the boat full time.

Check in with your agents . The better your crew agent knows you, the easier it is for them to match you with a boat. Catch up with your crew agent and keep them informed when and if you’re looking for work.

Ready To Start Your Career In Yachting?

Denison has an excellent crew division that matches captains, deckhands, stews, chefs, and engineers with private yachts. After registering your application and portfolio on our website, Lead Crew Coordinator, Jill Maderia will vet your portfolio and be in touch. Her goal is to match the crew with the yacht (and vice versa) so it’s a cohesive fit for all. Contact Jill with questions, search for available jobs , or create a profile to start your career in the yachting industry.

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Meetings / Special Events Manager

The Office for Health Equity and Inclusion (OHEI) develops mechanisms for inclusion, diversity and cultural sensitivity among faculty, staff, and learners at Michigan Medicine. We strive to create an impact on these stakeholders that will reverberate in Michigan Medicine's patient care and community outreach initiatives. The team is expanding to focus on research, dissemination of information, and policy guidance around the issues of diversity, inclusion, health, and equity.

OHEI is seeking an experienced, energetic, friendly, and extremely organized individual for its Meetings/Special Events Manager position. The basic function of this position is to plan, coordinate, market, and execute a wide variety of events for the office, as well as to support various communications needs of the office. These events include community outreach, symposia, lectures, staff retreats, conferences and recruitment events, and receptions, which occur both on and off campus. The successful candidate will support all aspects of the planning and delivery of events by working with numerous stakeholders at OHEI and Michigan Medicine.

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally.  Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Responsibilities*

Event Management - 80%

• Oversee logistics management for various events, oftentimes concomitantly, which includes selecting and scheduling the venue and serving as the on-site event manager; ordering catering and promotional goods, audio/visual or other technical support, and transportation; creating marketing and communication event-related materials; and reaching out to event speakers and attendees
• Coordinate on-site and off-site meeting and training logistics for room set-up and breakdown, including packing training materials and shipping or transporting materials and equipment to and from the training site
• Plan events within the given budget and to track event details and expenses, submit expense reports, develop budget proposals, and suggest cost effective strategies
• Draft correspondence to event vendors, attendees, speakers, etc., with critical attention paid to grammar, punctuation, and spelling
• Create meeting, training, and event-related materials and handouts, such as detailed agendas, nametags, table tents, and other relevant materials
• Collaborate with other OHEI staff members to identify guest speakers for events, assist with creating contracts for invited speakers, and arrange speaker travel and itineraries when necessary
• Based on the success and outcomes of events, provide leadership with recommendations on events that OHEI should continue, events OHEI should consider no longer participating in, and new events OHEI should consider hosting in the future
• Create strategic marketing plans for events, which can include creating and sending e-invitations, working with other Michigan Medicine staff to promote events, managing RSVPs and waitlists, and producing agendas, programs, and other relevant promotional materials
• Generate event feedback from attendees, guest speakers, and other stakeholders to evaluate events and make improvements
• Oversee OHEI Event Calendar, ensuring that events are timed appropriately and with attention paid to other OHEI, Michigan Medicine, and University of Michigan events, as well as holidays and school breaks

Communications Coordination - 20%

• Provide website support to OHEI by updating event-related content
• Create promotional and informational materials for OHEI
• Create event-related graphics

Required Qualifications*

• Bachelor's degree in related area and/or 3-5 years of experience planning and coordinating large and small events, preferably in a university setting
• Demonstrated self-starter and multi-tasker
• Ability to execute events under tight timeline and manage multiple stakeholders, including University of Michigan faculty, staff, and students, as well as external vendors
• Creativity and strong attention to detail
• Strong communication skills, both written and verbal, including an ability to strategically communicate with event vendors and guests
• Demonstrated ability to take initiative and innovatively solve challenges
• Ability to adapt quickly and calmly to unforeseen circumstances and new requirements
• Experience working with Microsoft Office Suite, including Outlook, Word, Excel, and PowerPoint
• Experience working with caterers, including menu planning
• Ability to network and collaborate with a variety of university and event-support staff and vendors, including the Michigan Medicine Department of Communications, IT, audio/visual services, transportation, etc.
• Perform other duties as assigned in support of OHEI's student pathways programs and conferences, professional development and inclusion training, and other events and retreats

Desired Qualifications*

• Experience with Adobe Creative Suite - InDesign, Illustrator, Photoshop
• Experience with MailChimp, FormStack, and Drupal
• Experience with Concur Travel & Expense System
• Experience with Quote to Order (QTO) System
• Knowledge of Michigan Medicine systems, policies, and procedures, such as reserving rooms, ordering goods and services from preferred vendors, and ensuring events are accessible and inclusive

Work Schedule

Monday - Friday, 8-5p

Position may require weekend and evening work and some domestic travel based on specific logistics.

Background Screening

Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings.  Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.

Application Deadline

Job openings are posted for a minimum of seven calendar days.  The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

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The University of Michigan is an equal opportunity/affirmative action employer.

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Biden-Harris Administration Takes Major Step to Boost Domestic Manufacturing in Transportation, Create Good-Paying American Jobs

Proposed rule would end longstanding Buy America waiver for manufactured products in federal-aid highway projects

FHWA 07-24 Contact: [email protected] Tel.: (202) 366-0660

WASHINGTON- The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced a Notice of Proposed Rulemaking (NPRM) today to discontinue its general waiver of Buy America requirements for manufactured products used in federal-aid highway projects. In the rulemaking, the agency proposes discontinuing the waiver and creating standards that would apply to manufactured products if the waiver is discontinued. This rulemaking will change outdated policy and bolster American manufacturing while creating good-paying jobs. This proposed rule is a result of the FHWA’s review of the general waiver for manufactured products under the Bipartisan Infrastructure Law’s Build America, Buy America (BABA) Act, which will boost domestic manufacturing, bolster critical supply chains, and support the creation of good-paying union jobs.

“For decades, America’s highway projects were allowed to use taxpayer dollars to purchase products manufactured in other countries, but the Biden-Harris administration is setting out to change that,” said U.S. Transportation Secretary Pete Buttigieg . “As we rebuild America’s infrastructure, this new rule would require federal highway projects to use products manufactured here - in keeping with President Biden’s Investing in America agenda that has helped create 800,000 manufacturing jobs across the country.”

“We’re proposing to do away with a policy that did not incentivize restricted American-based manufacturing. This policy supports the Administration’s commitment to create good-paying jobs within the U.S., allowing domestic manufacturing to grow,” said Federal Highway Administrator Shailen Bhatt . “American businesses now have a long-term incentive to tap into the broader federal government market.”

The Buy America Requirements for Manufactured Products NPRM calls for the elimination of the previous Manufactured Products General Waiver, a general applicability waiver in existence for more than four decades that waived the Buy America requirement for manufactured products. The proposed rule aims to maximize the use of domestically produced manufactured products permanently incorporated in federal-aid highway and bridge projects and asks for comment to outline standards for manufactured products covered under Buy America requirements. The proposed rule is consistent with existing BABA standards for manufactured products implemented by the Office of Management and Budget.

Buy America was enacted in 1983. At that time manufactured products were used in insufficient quantity on highway construction projects to incentivize domestic manufacturing, so there would be little benefit to applying the protections afforded under Buy America.

The proposed rule responds to President Biden’s Executive Order, “Ensuring the Future is Made in All of America by All of America’s Workers.” The Executive Order sets forth a policy that federal agencies should maximize the use of domestic products and strengthen the U.S. manufacturing sector – while seeking to promote private sector investment and opportunity for small businesses, bolster the domestic supply chains, and create jobs.

BABA represents a unique governmentwide market opportunity to expand the domestic manufacturing base. By placing greater value on domestic manufacturing for highway construction, the proposed rule is expected to encourage investment in this sector. It seeks to protect and expand domestic manufacturing, as required under BABA, to increase reliance on U.S.-made products and strengthen the resiliency of our nation’s supply chain.

The proposed rule will not change the Buy America requirements that currently apply to iron or steel products. Nor will the proposed rule change BABA requirements that apply to products classified as construction materials or excluded materials (cement and cementitious materials; aggregates such as stone, sand, or gravel; or aggregate binding agents or additives).

FHWA will also issue a Request for Information (RFI) on the domestic availability of specific manufactured products commonly used in FHWA-funded projects, which will help guide FHWA implementation, should the waiver be rescinded.

More information is available on the NPRM and RFI on FHWA’s Buy America web page .

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40 facts about elektrostal.

Written by Lanette Mayes

Modified & Updated: 02 Mar 2024

Reviewed by Jessica Corbett

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

• Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
• With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy, materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes, offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development.

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy, with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

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Our commitment to delivering trustworthy and engaging content is at the heart of what we do. Each fact on our site is contributed by real users like you, bringing a wealth of diverse insights and information. To ensure the highest standards of accuracy and reliability, our dedicated editors meticulously review each submission. This process guarantees that the facts we share are not only fascinating but also credible. Trust in our commitment to quality and authenticity as you explore and learn with us.

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Douglas County under tornado watch until 1 a.m.

Douglas County is under a tornado watch until 1 a.m., according to the National Weather Service.

The watch includes Douglas and 13 other counties in Kansas.

Residents are advised to monitor the weather and take precautions if necessary.

The weather service issues a tornado watch when conditions indicate an increased risk for severe weather that could be capable of forming a tornado.

Douglas County is under a tornado watch until 1 a.m., according to the National Weather Service. The watch ...

Proposed affordable senior housing project, looking to break ground in west Lawrence in 2025, earns initial development incentive approval

Affordable Housing Advisory Board makes initial recommendations for estimated $480,000 in HUD funding

The Village will welcome its first residents on Monday; 35 people experiencing homelessness to move in by March 27

Overcoming delays with pediatric therapy

As homeless deaths mount, city and Bert Nash officials say it’ll take significant resources to provide ‘upstream’ solutions

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• Copy URL https://www.pbs.org/newshour/politics/watch-live-biden-speaks-at-campaign-event-in-philadelphia-as-reported-275000-jobs-added-to-economy

WATCH: Biden speaks at campaign event in Philadelphia as reported 275,000 jobs added to economy

President Joe Biden delivered a speech in Philadelphia as a new jobs report shows the economy added a surprising 275,000 jobs indicating a resilience in the face of high interest rates.

Watch Biden’s remarks in the player above.

Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point in February to 3.9%. Though that was the highest rate in two years, it is still low by historic standards. And it marked the 25th straight month in which joblessness has remained below 4% — the longest such streak since the 1960s.

Yet despite sharply lower inflation, a healthy job market and a record-high stock market, many Americans say they are unhappy with the state of the economy — a sentiment that is sure to weigh on President Joe Biden’s bid for re-election. Many voters blame Biden for the surge in consumer prices that began in 2021. Though inflationary pressures have significantly eased, average prices remain about 17% above where they stood three years ago.

Friday’s report drastically revised down the government’s estimate of hiring in December and January from what had been blockbuster increases to still-solid gains. The report also gave the inflation fighters at the Federal Reserve what could be a dose of encouraging news: Average hourly wages rose just 0.1% from January, the smallest monthly gain in more than two years, and 4.3% from a year earlier, less than expected. Average pay growth has been exceeding inflation for more than year, but when it rises too fast it can feed inflation.

The latest figures reflected the job market’s sustained ability to withstand the 11 rate hikes the Fed imposed in its drive against inflation, which made borrowing much costlier for households and businesses. Employers have continued to hire briskly to meet steady demand from consumers across the economy.

The February figures will likely make Fed officials more comfortable about cutting rates sometime in the coming months. With December and January job gains revised sharply down, wage growth easing and the unemployment rate up, the Fed’s policymakers aren’t likely to worry about an overheating economy. Most economists and Wall Street traders expect the first rate cut to come in June. The Fed stopped raising rates in July and has signaled that it envisions three rate cuts this year.

The unemployment rate rose last month in part because more people began looking for a job and didn’t immediately find one. The Fed will be reassured by the influx of job seekers, which typically makes it easier for businesses to fill jobs without having to significantly raise pay.

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First refuelling for Russia’s Akademik Lomonosov floating NPP

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The FNPP includes two KLT-40S reactor units. In such reactors, nuclear fuel is not replaced in the same way as in standard NPPs – partial replacement of fuel once every 12-18 months. Instead, once every few years the entire reactor core is replaced with and a full load of fresh fuel.

The KLT-40S reactor cores have a number of advantages compared with standard NPPs. For the first time, a cassette core was used, which made it possible to increase the fuel cycle to 3-3.5 years before refuelling, and also reduce by one and a half times the fuel component in the cost of the electricity produced. The operating experience of the FNPP provided the basis for the design of the new series of nuclear icebreaker reactors (series 22220). Currently, three such icebreakers have been launched.

The Akademik Lomonosov was connected to the power grid in December 2019, and put into commercial operation in May 2020.

Electricity generation from the FNPP at the end of 2023 amounted to 194 GWh. The population of Pevek is just over 4,000 people. However, the plant can potentially provide electricity to a city with a population of up to 100,000. The FNPP solved two problems. Firstly, it replaced the retiring capacities of the Bilibino Nuclear Power Plant, which has been operating since 1974, as well as the Chaunskaya Thermal Power Plant, which is more than 70 years old. It also supplies power to the main mining enterprises located in western Chukotka. In September, a 490 km 110 kilovolt power transmission line was put into operation connecting Pevek and Bilibino.

Image courtesy of TVEL

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UK competition watchdog says ground rent ‘not necessary’; Metro Bank cutting 1,000 jobs – as it happened

CMA says government may need to step in to protect consumers from rising ground rents; watchdog intervenes to free over 500 households from ‘problematic’ ground rent clauses

• 10h ago Closing summary
• 11h ago Over 500 households freed from 'problematic' ground rent clauses – CMA
• 11h ago Inditex shares jump after record sales
• 13h ago Virgin Group cutting 32 HQ jobs; Branson in line for £400m from Virgin Money stake
• 13h ago BP, Abu Dhabi pause $2bn bid to buy stake in Israel's NewMed Energy
• 14h ago Direct Line rejects latest £3.1bn proposal from Ageas
• 15h ago UK competition watchdog: 'Ground rent neither legally nor commercially necessary'
• 15h ago January GDP growth boosted by private healthcare
• 16h ago Morrisons makes £1bn loss after debt-fuelled private equity buyout
• 16h ago UK GDP on track to exit recession in Q1 – Investec
• 16h ago Ministers to quash convictions of hundreds of post office operators
• 17h ago European shares rise after Stoxx 600 record close, lifted by E.ON, Inditex, Zalando
• 17h ago 'Recession rapidly receding in rear-view mirror'
• 17h ago GDP data suggests UK recession over, economists say
• 17h ago Metro Bank cutting 1,000 jobs by mid-April
• 18h ago Introduction: UK economy returns to growth in January, boosting hopes of recovery

UK competition watchdog: 'Ground rent neither legally nor commercially necessary'

Britain’s competition watchdog has welcomed the government’s consideration of further ground rent reforms, and argues that ground rent is “neither legally nor commercially necessary”.

The Competition and Markets Authority said it “continues to consider that statutory intervention may be necessary to protect consumers from ongoing problems associated with expensive ground rents ”. The government is considering capping ground rents, possibly reducing them to a nominal peppercorn, effectively zero.

There has been further progress in relation to leases where ground rent doubled more frequently than every 20 years, the watchdog said . A further three freeholders with affected Taylor Wimpey leases have taken action to remedy this:

Island Apartments Freehold Limited, Madison Close Freeholders Limited and Plaza 2 Surbiton Limited. They bought the freeholds, with onerous ground rent terms for leaseholders, from the housebuilder Taylor Wimpey.

A freeholder with affected Countryside leases, Abacus Land 1, is also removing the problematic ground rent terms.

The CMA said other national house builders, Redrow , Crest Nicholson , Miller Homes and Vistry have all worked with freeholders who purchased their affected leases to remove the doubling lease terms: Adriatic Land 3, Abacus Land 4, RMB 102 Limited, and Space in London Limited.

The CMA said:

We do not intend to open any new ground rent cases or cases related to the mis-selling of leasehold homes at this stage. However, existing cases remain open. We will consider next steps in those cases in light of the government’s decision whether to cap ground rent.

In its response to the government’s ground rent consultation, the watchdog said:

We had a particular concern with so-called “modern leaseholds” that emerged in the 2000s, where ground rent often doubled periodically or increased by RPI [retail prices index] in leases that normally lasted for 125 years or more, notwithstanding that a substantial premium had been paid on purchase. In those leases ground rent was neither legally necessary nor did we see any persuasive evidence that it was commercially necessary. In fact we heard no convincing justification for the payment of any ground rent in modern leaseholds… It is possible that the inclusion of doubling clauses in leases may in some cases have been stimulated by investors.

There has been a lengthy battle to reform the “feudal” leasehold system in England and Wales, and housing secretary Michael Gove ’s proposal to reduce existing ground rents to zero, have met with fierce opposition from freehold groups.

The CMA went on to say:

It is clear to us from our investigation that ground rent can cause a wide range of problems including, but not limited to, circumstances in which lease terms are likely to be unfair and unlawful under consumer protection law.

Here’s an example of how ground rent linked to inflation (RPI) could soar, if RPI averages 3% over the first 10 years and 2% thereafter, from the watchdog’s report.

The CMA concludes:

Our conclusion was that ground rent was neither legally nor commercially necessary, and we saw no persuasive evidence that consumers receive anything in return. We can also see that the UK government’s broader view that the housing market has to be modernised, and released from anachronistic practices, is a highly relevant consideration in its decision-making. The UK government will of course receive evidence on the costs and consequences to freeholders and investors from caps of different forms and will take those considerations into account.

Closing summary

Britain’s competition watchdog has said ground rent is “neither legally nor commercially necessary” and that government may need to step in to protect consumers from soaring costs .

The housing secretary, Michael Gove , is considering capping all existing ground rents – possibly reducing them to a nominal “peppercorn” level, effectively zero – and launched a consultation in early December.

Hundreds of thousands of leaseholders are trapped in contracts with rising ground rents, which can double periodically or increase in line with inflation, making it hard to sell or remortgage properties, and their property rights can be at risk if they fall behind on payments.

The government’s plans have met with fierce opposition from the Residential Freehold Associatio n and the British Property Federation , which says making such changes without compensating freeholders would be open to legal challenge, and taxpayers would be on the hook.

The CMA also said a further eight freehold investment companies had reached settlements with housebuilders to offer improved terms to leaseholders with ground rents that were doubling every 10 or 15 years, benefiting more than 500 households. All leaseholders will have their ground rents return to the original fee amount – the amount charged when the property was first sold – and they will not increase over time.

Several of the companies are owned by UK pension funds and managed by Long Harbour , an investment fund whose chief executive and part owner is William Waldorf Astor , the eldest son of the fourth Viscount Astor. His half-sister is Samantha Cameron , a businesswoman and wife of the former prime minister David Cameron .

Another investment company counts James Tuttiett among its directors, whose company, E&J Estates , administers more than 40,000 residential leases.

Our other main stories today:

Thank you for reading. Have a great afternoon/evening. We’ll be back tomorrow. – JK

Here is some analysis on the UK GDP figures:

Britain’s economy is on the road to recovery. After a dismal end to last year as soaring living costs forced households to cut back their spending, official figures show growth returned in January with a modest 0.2% increase .

The early signals show that the UK is on track to emerge from a minor recession within months, powered by a recovery in consumer spending amid resilient pay growth and receding inflation. But that isn’t to say the economy is racing ahead, or that a renaissance in living standards awaits.

While the figures appear positive at first glance, the broader picture is still one of relative stagnation.

Over the three months to January, GDP fell by 0.1%, while the economy still remains smaller than when Rishi Sunak became prime minister in late 2022 . Growth has been near zero since, output per head remains lower than pre-pandemic, and real wages are still worth less than in 2008.

After January, two more months without sharp falls in GDP will be required to complete a full quarter of economic growth, fulfilling the technicality required for the country to escape recession. Economists at the consultancy Capital Economics reckon monthly declines of more than 0.3% in February and March would be needed to ensure another negative quarter. This appears unlikely, as surveys of private sector business activity and consumer confidence identify.

Over 500 households freed from 'problematic' ground rent clauses – CMA

The Competition and Markets Authority ’s intervention means that more than 500 households in England and Wales will have their “problematic” ground rent clauses removed.

Their ground rents doubled every 10 or 15 years, leaving people trapped in homes they cannot sell or mortgage, and their property rights can be at risk if they fall behind on payments.

The eight investment companies involved bought freeholds originally owned by housing developers Countryside , Crest Nicholson , Miller Homes , Redrow , Taylor Wimpey , and Vistry , and continued to use the problematic contract terms at the expense of leaseholders, the government said.

All affected leaseholders will now see their ground rents return to the original fee amount – i.e. the amount charged when the property was first sold – and will not increase over time.

George Lusty, the CMA’s interim executive director for consumer protection and markets, said:

This is another great win for leaseholders. Over the past five years, we’ve achieved real and impactful change, with over 21,000 households freed from issues such as costly doubling ground rents. We hope those affected by this update can breathe a little easier knowing they won’t have to struggle against this type of rising fee anymore – particularly when many are already grappling with high costs elsewhere.

More than 21,000 leaseholders have been freed from problematic ground rent clauses so far because of the CMA’s intervention since 2019.

Inditex shares jump after record sales

Shares in Zara owner Inditex have jumped 6.7%, after the fashion retail giant reported record annual sales and strong demand for its new spring and summer fashion collections.

The group, which owns a host of brands including Bershka and Pull & Bear, posted a 10.4% jump in sales to €35.9bn (£30.7bn) last year. At fixed exchange rates, sales jumped by 14.1%. Pre-tax profits for the year rose by 28% to €6.9bn.

Inditex said it will continue to focus on design-led fashion collections, including leather for Zara women, linen for Zara Home, and tailoring for Bershka. The group, which has nearly 5,700 stores around the world, said online shopping grew more rapidly than store sales, but added that its stores had been optimised and digitised. Zara is among the fashion chains to have rolled out self-service checkouts in some of its stores. Pull & Bear has launched a new video shopping experience in its mobile app.

The retailer has also been gradually introducing new security technology, which is set to replace security tags with tiny chips to deter shoplifters.

It has set aside hundreds of millions of euros to cover the cost of exiting its Russian business in 2022, following Russia’s invasion of Ukraine. Chief executive Oscar Garcia Maceiras said Inditex has “rigorous” control over business expenses.

It also revealed plans to reopen around 50 stores in Ukraine this year. The Spanish company makes most of its sales in Europe, but also has a large network of stores in America and Asia.

Virgin Group cutting 32 HQ jobs; Branson in line for £400m from Virgin Money stake

Sir Richard Branson ’s Virgin Group is cutting dozens of jobs at its London base, as it is combining two of his companies.

Sky News reported that Virgin Group plans to cut 32 jobs in its head office, laying off 8% of the 425 people who work there. The company has decided to combine its brand and licensing arm Virgin Management with its loyalty programme Virgin Red.

Branson could receive more than £400m from the potential sale of his minority stake in Virgin Money, which was co-founded by the billionaire in 1995.

Nationwide building society last week struck a surprise deal to acquire the high street bank for nearly £3bn , with Virgin Group reportedly set to receive a £250m exit fee when its brand disappears from the combined group.

BP, Abu Dhabi pause $2bn bid to buy stake in Israel's NewMed Energy

BP and the United Arab Emirates state oil company have paused their $2bn bid to buy a major stake in Israel’s NewMed Energy due to the “uncertainty” created by the ongoing war in Gaza.

Shares of NewMed, which is owned by the Delek Group , fell by as much as 8% in Tel Aviv after the company said talks with BP and the Abu Dhabi National Oil Company (Adnoc) had been suspended “due to the uncertainty created by the external environment”.

The deal to buy a 50% stake in the company was announced in March last year and marked the burgeoning financial ties between the UAE and Israel as political relations in the region began to normalise. However, Israel’s war in Gaza following the 7 October Hamas attack has upended geopolitics in the region and reignited tensions between Israel and its neighbours.

NewMed said that the deal would remain suspended “until such time as discussions resume or the process is terminated”. It added that there was “no certainty that discussions will resume or that an agreement will be reached in the future”.

Regarding the battle to reform the outdated leasehold system in England and Wales, in particular ground rents, the Leasehold Knowledge Partnership , a group representing leaseholders, said:

Ground rents have always been just an additional profit scheme from the developers and those who buy ground rent income streams on a speculative basis. The developers and freeholders entered into a government pledge to limit ground rents in 2019. It has taken a lot of work from the CMA to force more developers and freeholders to finally meet that pledge five years later.

Analysts at Jefferies have looked at the new offer from Ageas:

With a second offer from Ageas valuing Direct Line at only 237p, the prospects of a bid reaching our expectation of 270p-300p are receding. This second offer is only +3% higher than the first offer, in part because the implied value of the first offer has fallen -1%. One redeeming feature about the offer is that the cash component has been lifted +20% from 100p to 120p. However, this is offset by reducing the amount of shares in Ageas being offered, with the ratio deteriorating from 1 new Ageas share per 25, to 1 per 28. In essence, Ageas are shifting the value from shares to cash, with the total value only slightly rising. Unsurprisingly, given the strength of management’s pushback to the initial offer, this second offer has also been unanimously rejected.

Direct Line rejects latest £3.1bn proposal from Ageas

Direct Line has rejected a second takeover approach from the Belgian insurer Ageas , which values it at nearly £3.1bn, as too low.

The UK insurer said its board had unanimously rejected the latest proposal, which it described as a “highly conditional, non-binding indicative proposal”.

Ageas offered to pay 237p a share, up 3% from its previous proposal of 231p a share.

Direct Line shares fell 5.7% to 212.8p on the news.

The company said:

The board is confident in Direct Line Group’s standalone prospects. Direct Line Group will release its 2023 preliminary results on Thursday 21 March and will also then provide an update on further initiatives to build on the operational improvements implemented during 2023.

Under UK takeover rules, Ageas has until 5pm on 27 March to make a firm offer or walk away.

January GDP growth boosted by private healthcare

The Office for National Statistics has confirmed that the boost to the health sector in January was driven by private health providers.

Despite the impact of strikes, such as the junior doctors’ continued industrial action in January, the health sector grew by 0.9% in January from the previous month. This is because long NHS waiting lists drove more people into private healthcare.

See previous post .

Morrisons makes £1bn loss after debt-fuelled private equity buyout

Morrisons made a loss of more than £1bn last year in part because of the rising cost of debts incurred during a private equity takeover in 2021.

The UK’s fifth-largest supermarket had to pay finance costs of £735m, up from £590m the year before, according to its latest annual accounts for the year to 29 October.

It was the second consecutive year in which the supermarket lost more than £1bn, after reporting a loss before tax of £1.5bn in 2022.

The chain was bought by US private equity investor Clayton, Dubilier & Rice (CD&R) in October 2021, in a deal that marked a move away from the ethos of Sir Ken Morrison , who built the company up from his father’s market stall in Bradford.

Morrisons’ net debt obligations were £3.2bn before the CD&R takeover. The parent company – a legacy of the takeover called Market Topco – reported that net debts at the end of 2023 rose to £8.6bn.

As the company’s debt pile has grown it has also had to contend with rapidly changing conditions. Since the takeover interest rates have soared, resulting in increasing debt servicing costs.

The cost of living crisis and the global energy crisis have also had an impact on British shoppers, while Morrisons has faced stiff competition from German discounters Aldi and Lidl. Aldi overtook Morrisons as the fourth-largest supermarket in the UK in 2022.

Rami Baitiéh , who took over from David Potts as the chief executive of Morrisons in November, has said the company will try to listen to customers more as it tries to turn around its fortunes.

UK GDP on track to exit recession in Q1 – Investec

Britain’s economic growth in January was mainly driven by a 3.4% rise in retail sales, and a 1.1% rebound in construction output.

Sandra Horsfeld , UK economist at Investec, has crunched the numbers.

Set against that, manufacturing output flatlined after two months of gains. According to the ONS, the latter appears linked in part to supply chain disruptions related to the war between Israel and Hamas. This has seen shipping rerouted to avoid the Red Sea, adding to delivery times and costs for some goods. This seems to have had some direct impact on wholesale trade and warehousing, as well as indirect negative effects for some parts of the manufacturing sector. As in previous months, the ONS cited strikes, including the stepping up of industrial action by junior doctors to six days in January from three days in December, as another possible brake on output. However, we note that human health activities nevertheless saw a rise in gross value added of 0.9% month-on-month, which the ONS said was ‘mainly caused by growth in the market sector’.

She wonders whether this was a boost from private healthcare, as long NHS waiting lists prompted more people to to turn to private treatments.

We wonder whether this reflects the postponement of NHS medical procedures driving more patients into private healthcare instead, and a different treatment of the latter in the statistics as only private healthcare has a market price charged to the patient and/or his insurer.

Horsfeld added:

More generally, the key takeaway to us from today’s GDP data is that the healthy if unspectacular overall gain in January left the level of output the highest since September 2023. Therefore, even with zero further growth in February and March – an unlikely outcome, given rises in household real disposable incomes reflecting above-inflation wage gains, few job losses and also lower rates of employee National Insurance Contributions – the economy is on track to have exited its shallow technical recession of H2 2023 already as of Q1. Of course, this assessment could yet change, in particular were there to be downward revisions to back data in subsequent releases.

Turning to the outlook for interest rates, she said:

A natural question might be how the Bank of England will perceive these numbers. We do not see a major impact. The baseline forecast in the February Monetary Policy Report (MPR) had been for 0.1% GDP growth in Q1. That looks somewhat too low to us; we have pencilled in +0.3%. However, the MPR had not anticipated the 0.3% quarterly contraction in GDP in Q4 2023 (the forecast was for zero growth). In the round, therefore, the level of output may not be all that different from the MPC’s expectations. Instead, it is inflation and labour market outturns that will likely be most crucial in shaping the rate path. And in this respect, we see enough signals to warrant a first move lower in the Bank rate before long: our forecast remains for an initial rate cut in June, and 75bps of cuts in total in 2024, with more to follow in 2025.

Here’s our full story on Metro Bank .

Metro Bank is cutting 1,000 jobs and putting an end to its trademark seven-day branch model, after nearly tripling the size of its cost cutting plan in the wake of its autumn rescue deal.

The lender said on Wednesday that it had expanded an original £30m cost savings plan first announced in October to £50m – after axing about 200 more staff than it had initially aimed for – and now planned to slash a further £30m in costs by the end of the year, bringing its total savings to £80m.

Its chief executive, Daniel Frumkin , said the bank was considering further job cuts and would scale back its seven-days-a-week opening model across its 76 branches from April. That will include closing on Sundays, reducing daily hours in some branches and moving some to five-days-a-week openings.

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