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PHILADELPHIA--(BUSINESS WIRE)--Dec 19, 2024-- Aramark (NYSE: ARMK), a global leader in food and facilities management, announced today that Avendra International acquired the Quantum Cost Consultancy Group. The acquisition further enhances the company’s position as a leading global professional procurement and supply chain services provider, to a wide range of clients including hotels, hospitality and leisure resorts, healthcare, and educational institutions worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219109142/en/ Quantum has customer spend of nearly half a billion dollars (converted to US currency) and has operations in Spain, Portugal, Germany, the Netherlands, Zanzibar, Mexico, the Dominican Republic, and Jamaica. “We are very pleased to bring Quantum into our portfolio,” said Autumn Bayles, Aramark’s Senior Vice President of Global Supply Chain and Group Purchasing Organizations. “Both companies share a similar vision and culture and adding Quantum positions us to better globally serve not only the hotel category, but several other hospitality markets in the Quantum geographies.” Quantum’s associates and clients can expect a seamless transition to Avendra International over the coming weeks. Their CEO will continue to lead the Quantum business and operations will remain unchanged. “We are excited to begin our next chapter as part of Avendra International,” said Alex Casajuana, Chief Executive Officer of Quantum. “Our associates, clients and suppliers will not see any changes in how the company operates and we are now better positioned to provide stronger outcomes for our clients and suppliers.” Quantum manages, to varying degrees, the expense categories that a hotel establishment might incur, including food and beverage, housekeeping and non-consumable products, services, energy and telecommunications, maintenance expenditures, small equipment, and insurances. “Our purchase of Quantum is part of our strategy to expand the footprint of Avendra International and strengthen our purchasing capacity in hospitality related products, services and engineering solutions in particular,” said Ian Murphy, Aramark’s European Senior Vice President of Supply Chain and Group Purchasing Organizations. In addition to hotels, Quantum also serves restaurants, gaming establishments, and senior and youth residencies. This purchase represents part of Aramark’s “tuck in” acquisition strategy to position the company for continued profitable growth. About Avendra International Avendra International is a leading strategic procurement and supply chain partner to a wide range of organizations, including hotels, hospitality and leisure resorts, healthcare, and educational institutions worldwide. Avendra International leverages $20.5 billion in procurement power and combines supply chain resources backed by Aramark’s global footprint across 15 countries. What makes us stand out is our team of local experts who are deeply knowledgeable about the cultural, industry and sector-specific nuances of each country we operate in. Whether clients aim to reduce costs, boost efficiency, drive innovation, or achieve sustainability targets, we provide the support they need to succeed. By harnessing our tailored solutions, advanced technology, and industry expertise, we enable organisations to thrive. About Aramark Aramark (NYSE: ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 15 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Aramark has been recognized on FORTUNE’s list of “World’s Most Admired Companies,” The Civic 50 by Points of Light 2024, Fair360’s “Top 50 Companies for Diversity” and “Top Companies for Black Executives,” Newsweek’s list of “America’s Most Responsible Companies 2024,” the HRC’s “Best Places to Work for LGBTQ Equality,” and earned a score of 100 on the Disability Equality Index. Learn more at www.aramark.com and connect with us on LinkedIn , Facebook , X , and Instagram . View source version on businesswire.com : https://www.businesswire.com/news/home/20241219109142/en/ Chris Collom, 215-238-3593,collom-chris@aramark.com KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL RESTAURANT/BAR LODGING DESTINATIONS TRAVEL FOOD/BEVERAGE SOURCE: Aramark Copyright Business Wire 2024. PUB: 12/19/2024 01:40 PM/DISC: 12/19/2024 01:38 PM http://www.businesswire.com/news/home/20241219109142/en
AT&T's CTO told his US team there wouldn't be "one-for-one" employee seating upon the full return to the office next year. AT&T will also stagger its 5-days-a-week RTO mandate as more office space is constructed. Some teams could see their full in-office return pushed back if construction doesn't finish in time, the CTO said in a memo. AT&T Technology Services employees in the US won't have "one-to-one seating" when they begin returning to the office 5 days a week in the new year, the company's CTO wrote in a new memo. Advertisement The telecom giant's chief technology officer, Jeremy Legg, detailed how the new in-office policy would be implemented across his US ATS team in a Wednesday memo obtained by Business Insider. AT&T's fully in-office requirement for US ATS employees will begin a phased rollout on January 6 and is expected to be fully implemented for most teams by March 3, the memo said. Advertisement "Our purpose at AT&T is connecting people to greater possibility," the CTO wrote. "We firmly believe that working together, in person and in proximity to our peers, is the best way for ATS employees to fulfill that purpose." Legg oversees AT&T's technology organizations for business, consumer, IT and cloud, data and analytics, security, network architecture and AT&T Labs, and new product development. The ATS team includes roughly 10,000 workers in the US. AT&T told BI that organizations within the company have the flexibility to determine the right approach for their teams based on business needs and many are staggering the return of employees. Advertisement The memo comes after BI first reported that AT&T was tightening its return-to-office mandate from three days a week to five full workdays. Legg said in the email that the company understands that not every employee can be on-site every single day due to "travel, vacations, or other reasons" and "leaders will work with employees to provide the needed occasional flexibility." Although several expansion projects are underway in Atlanta and Dallas, Legg said AT&T "will not offer one-for-one seating per employee" and the company "will observe capacity vs. demand and make adjustments" as needed. Advertisement Legg's memo said that teams assigned to AT&T's Atlanta-area locations will be notified if their full return-to-office date is delayed as construction on additional space progresses. Several employees have told BI that workspace capacity has been a challenge, even with the prior hybrid schedule arrangement. Employees told BI it's common for workers to end up sitting in the hallways or working in the cafeteria to avoid running afoul of the company's attendance-tracking system. Advertisement One employee said their office has more than 1,200 people assigned to it, with roughly 150 desks available. "I know returning to the office 5 days a week is a significant change for some," Legg said in his memo. "By coming together in person, we can strengthen our connections, foster a vibrant culture, and achieve our shared goals." Read the full memo Dear ATS U.S.-Based Management Employees, Our purpose at AT&T is connecting people to greater possibility. We firmly believe that working together, in person and in proximity to our peers, is the best way for ATS employees to fulfill that purpose. By fostering in-person interactions, we can form stronger relationships, build trust and enhance our collaboration, innovation, and overall effectiveness as a team. Full-Time Office Presence in 2025 That's why l'm asking all employees with Full Time Office designations (NFTO, MFTO CFTO) to return to the office full time, with staggered starts based on management level and office space availability. FTO employees in ATS will work in the office full-time, 5 days a week according to this schedule: January 6, 2025: All U.S.-based supervising level 4s and above February 3, 2025: All U.S.-based supervising level 3s and above in all locations except Atlanta and Alpharetta 1 March 3, 2025 2 : All other U.S.-based management employees in all locations except Atlanta and Alpharetta 1 1 Construction of additional space is underway at Lenox, with an expected readiness date between April and June. As construction progresses, employees in Atlanta and Alpharetta will be notified when it's time to work in the office 5 days a week. 2 Construction of additional space for ATS teams is underway at Dallas Headquarters and at 2900 West Plano Pkwy. Employees in these locations will return to the office March 3 if the space is ready. If completion is delayed, we will communicate further instructions to affected teams. As we stagger the return to 5 days per week per the timeline above, FTO employees should continue to be present in the office 3 to 5 days per week. There is no change in expectations for Future Office Workers or virtual workers. We periodically review the needs of the business and may occasionally change an employee's office designation based on those needs. Fostering Collaboration Between now and early first quarter 2025, we will be working with Global Workplace Services to align teams to neighborhoods on each of our campuses. Even with employees working full time in the office, we know that not all employees will be in every day due to travel, vacations, or other reasons. We will not offer one-for-one seating per employee. We will observe capacity vs. demand and make adjustments working with Workplace Services as needed. Flexibility and Accountability We know employees occasionally need to work remotely for various reasons. Leaders will work with employees to provide the needed occasional flexibility. This balance between flexibility and accountability is essential to maintaining our high standards of performance and collaboration. Senior leadership will review overall presence trends via How and Where We Work presence dashboards. With this data, we will work toward improving things like seating, availability of amenities, and parking options. Next Steps The How and Where ATS Works SharePoint site is your definitive source of information on returning to the office full-time, including campus and neighborhood information as it becomes available. It is currently being updated to reflect the changing expectations for our organization. Supervisors can also answer questions. We are committed to making this transition as smooth as possible for everyone involved. Additional Thoughts I know returning to the office 5 days a week is a significant change for some. As we outlined during Analyst and Investor Day, we have tremendous momentum in growing this company the right way. That momentum will accelerate when we reap the benefits of faster collaboration and innovation. By coming together in person, we can strengthen our connections, foster a vibrant culture, and achieve our shared goals. Your dedication and commitment to excellence are the driving forces behind our success. Thank you for your continued hard work and support. I look forward to seeing you all in the office and working together to create an even brighter future for ATS. Jeremy If you are an AT&T worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750. Responses will be kept confidential, and Business Insider strongly recommends using a personal email and a non-work device when reaching outRacing Optics® Introduces Game-Changing Twilight Tearoff to Enhance Visibility in Low-Light Racing Conditions - PR Newswire
Oscar nominee Shohreh Aghdashloo has officially joined the cast of the third season of Amazon MGM Studios’ “The Wheel of Time” fantasy series for Prime Video. Aghdashloo is set to portray the role of Elaida do Avriny a’Roihan, a highly-anticipated character from the original book series. A ruthlessly powerful Aes Sedai of the Red Ajah with skills in both channeling and politics. She also has a long history with Moiraine and Siuan, and scores to settle with both of them when she returns to the White Tower. She’s willing to do anything to achieve what she envisions to be the greater good. The acclaimed Iranian actress is arguably best known for her memorable role as UN Secretary-General Chrisjen Avasarala in the TV series adaptation of “The Expanse” sci-fi novels. More recently she appeared in HBO’s “The Penguin” TV series as Nadia Maroni and voiced the dragon in the Millie Bobby Brown-led fantasy film “Damsel”. The third season of “The Wheel of TIme” will premiere on Prime Video on March 13th 2025. Soiurce:PrairieSky Royalty Declares Quarterly Dividend
TRENTON, Canada Canadian Prime Minister Justin Trudeau dined at the President-elect’s Florida resort Friday and held a "productive meeting," Donald Trump posted Saturday on the Truth Social media platform. Trudeau then became the first leader of a G7 country to meet Trump and the President-elect pulled no punches as to his demands on Canada. "I just had a very productive meeting with Prime Minister Justin Trudeau of Canada, where we discussed many important topics that will require both Countries to work together to address, like the Fentanyl and Drug Crisis that has decimated so many lives as a result of Illegal Immigration, Fair Trade Deals that do not jeopardize American Workers, and the massive Trade Deficit the U.S. has with Canada," Trump posted. For his part, Trudeau encountered media as he left his hotel to board a plane back to Canada Saturday and said he had an "excellent conversation" with Trump. Trump also posted that he intended to hold Canada responsible for drugs coming from China and entering the United States via its northern neighbor. "I made it very clear that the United States will no longer sit idly by as our Citizens become victims to the scourge of this Drug Epidemic, caused mainly by the Drug Cartels, and Fentanyl pouring in from China," Trump posted. "Too much death and hardship!" He went on to post that Trudeau made a commitment to work with the US to end the drug problem. While Trump said the two leaders discussed trade, energy and the Arctic, there was no mention made of the 25% tariff the President-elect said he would place on Canadian and Mexican imports to the United States, as well as tougher border control to stop illegals entering the US. The tariff threat and border issues sparked an emergency meeting of Canadian and provincial premiers and Trudeau earlier in the week. Joining Trump and Trudeau for dinner were three of the President-elect’s picks for cabinet posts. A few dignitaries accompanied Trudeau including the Canadian ambassador to the US.South Korea's leader prompts dismay by briefly declaring martial law. Here's what to know
Revolutionary Single-Layer Film Eliminates Helmet Changes, Enhancing Driver Safety and Performance LAS VEGAS , Dec. 11, 2024 /PRNewswire/ -- Racing Optics®, the global leader in high-performance tearoff visor film technology, proudly unveils its latest innovation: the Twilight Tearoff . This groundbreaking single-layer tearoff is engineered to elevate driver visibility during late-afternoon and early-evening races, providing superior glare reduction and contrast enhancement. The Twilight Tearoff redefines race-day performance by allowing drivers to maintain focus and adapt seamlessly to changing light conditions, eliminating the need for disruptive helmet changes. This innovation represents a significant leap forward in racing vision technology, delivering immediate and measurable benefits to professional drivers and teams alike. "The Twilight Tearoff solves one of racing's most persistent challenges—ensuring optimal visibility as lighting transitions rapidly during twilight races," said Chris Colton , Chief Applications Engineer at Racing Optics . "Our dedication to driver safety and performance drives every innovation, and the Twilight Tearoff is no exception." Transforming Racing at Twilight Racing teams are already embracing the Twilight Tearoff as a game-changing solution for twilight and low-light racing conditions. One racing team manager shared their experience: "In a recent twilight race, the Twilight Tearoff gave our drivers unmatched visual clarity. Transitioning from glaring sunlight to artificial lighting without pausing to change helmets was a decisive advantage that kept us competitive." By streamlining the driver experience, the Twilight Tearoff enhances safety and helps maintain uninterrupted race momentum—a critical edge in the high-stakes world of motorsports. Exclusive Debut at PRI Show 2024 The Twilight Tearoff will make its debut at the Performance Racing Industry (PRI) Show , held December 12–14, 2024, in Indianapolis, Indiana . This highly anticipated event marks Racing Optics' 25th anniversary , celebrating a legacy of trailblazing innovations in motorsports safety and performance. Availability The Twilight Tearoff is now available for purchase at RacingOptics.com and through authorized dealers. Teams and drivers looking to gain a competitive edge are encouraged to explore this latest advancement. About Racing Optics For 25 years, Racing Optics has led the field in racing vision technology, delivering innovative solutions that enhance safety and performance. With a commitment to collaboration and innovation, the company continues to push the boundaries of motorsports protective equipment. For additional information, please visit RacingOptics.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/racing-optics-introduces-game-changing-twilight-tearoff-to-enhance-visibility-in-low-light-racing-conditions-302329546.html SOURCE Racing Optics, Inc.