Technology

NEW RESEARCH FROM GENERATION REVEALS HOW MIDCAREER AND OLDER WORKERS EXPERIENCE ARTIFICIAL INTELLIGENCE IN THE WORKPLACE

Published

2 years ago

October 9, 2024

Employers in both the U.S. and Europe predict sharp declines (22%-64%) in hiring for entry-level and mid-level positions over the next 12 months15% of workers aged 45+ across the U.S. and Europe report using AI at work — they are largely self-taught, use it frequently, and see benefitsEmployers are missing an opportunity to benefit from the combination of experienced workers and AI tools

WASHINGTON, Oct. 9, 2024 /PRNewswire/ — New data from Generation, the global employment nonprofit, unveils trends in how midcareer workers are using and experiencing AI in the workplace.

The report, Age-Proofing AI: Enabling an intergenerational workforce to benefit from AI, was created with grant support from Google.org and The SCAN Foundation. Generation commissioned YouGov to conduct a research study across France, Ireland, Spain, the United Kingdom, and the United States. The survey included responses from 2,610 employees over age 45 working in entry-level and mid-level roles and 1,488 employers and explores the challenges and opportunities facing midcareer and older workers in navigating the rise of AI in the workplace.

With hiring declining, age bias remains pervasive

Employers in the U.S. and Europe predict sharp declines in hiring for entry-level and mid-level positions, with reductions expected to range from 22% to 64% over the next 12 months. This tightening in hiring can have an adverse impact on midcareer and older candidates.

Previous Generation research in 2021 and 2023 showed that employers consistently prefer younger candidates despite the fact that 89% of employers said midcareer and older workers perform as well, if not better, than their younger peers.

The new survey found this ageism amplified in roles that use AI, with employers indicating a preference for younger candidates. In the U.S., 90% of hiring managers are likely to consider candidates under age 35 for AI-related roles, compared to only 32% for those over age 60. In Europe the gap was almost as wide, with 33% likely to consider older candidates and 86% likely to consider the younger group.

Midcareer and older employees’ low use of AI understates the opportunity

Of those surveyed, 15% of workers over age 45 report using generative AI tools at work. The majority of those who do use AI tools are self-taught “power users,” using them multiple times a week if not daily to perform a range of activities. They report positive impacts on their work — with more than half reporting improvements in quality, productivity, and decision-making. A substantial percentage say AI makes their jobs more enjoyable, with 35% of U.S. workers and 58% of European workers citing increased job satisfaction due to AI tools.

However, low levels of use may be understating the growth potential. Older workers may not need to rely on AI as heavily to backfill experience gaps. But their experience and judgment may allow them to write better prompts and interpret results more effectively.

Employers are still exploring what support is most effective to reap the benefits of AI

Nearly half of U.S. hiring managers (47%) and 29% of European employers have begun providing AI tools to their workforce, with many more planning to roll them out in the next 12 months. Over 90% now offer some form of training support for workers using AI. That support takes different forms, with only about 50% saying they offer formal training, and many making self-service or other resources available.

But employers still have progress to make in identifying what support is most effective and bridging that gap for their employees. In our survey, worker interest in AI was mixed. Out of workers over age 45 not currently using AI tools, 24% in the U.S. and 36% in Europe expressed interest in learning to use them. But another quarter were neutral or unsure, and nearly a third of the nonusers in the U.S. and 17% in Europe declared they are not interested in AI at all. This ambivalence is consistent with recent research that found it isn’t obvious to experienced workers how AI can fit into their work.

This gap points to a need for employers to marry the experience of midcareer and older workers with skills to unlock the full benefit of AI — by finding use cases that incorporate AI into specific roles and experience levels.

You can read the full report here.

Dr. Mona Mourshed, Founding Global CEO, Generation, said:

“While AI has the potential to dramatically alter job tasks and roles, it will be most transformative when its power is merged with human expertise. This data underscores the importance of continuing to combat ageism, and points to an opportunity for us to take a more nuanced view in the AI-infused workplace of how to leverage the unique assets that workers of different ages and experience levels bring to the table.”

Anika Heavener, Vice President, Innovation and Investments at The SCAN Foundation, an independent public charity igniting bold and equitable changes in how older adults age in both home and community:

“This research makes it abundantly clear that AI is already transforming work as we know it, but at the same time, AI implementation has the potential to exacerbate ageism in the workplace. Older workers offer unique skills and experience, and employers need to provide them with the training and support they need to reap the benefits of AI and successfully integrate the technology into their day-to-day jobs.”

SOURCE Generation

Technology

Loomis enters Peru through the intended acquisition of Hermes Transportes Blindados via a public tender offer

Published

7 minutes ago

May 5, 2026

STOCKHOLM, May 4, 2026 /PRNewswire/ — Loomis has entered a Tender Offer Agreement (“TOA”) with CVC Capital Partners and other minority shareholders representing 99.49 percent of the outstanding shares in the Peru-based cash and valuables management company Hemes Transportes Blindados S.A. (“Hermes”), publicly listed on the Lima Stock Exchange. Under the TOA, Loomis will launch a public tender offer (“Oferta Pública de Adquisición”) for up to 100 percent of the shares of Hermes, at an enterprise value of approximately SEK 4 billion on a cash and debt free basis. The public tender offer is expected to be launched during the second or third quarter, with closing anticipated in the third quarter of 2026.

Hermes was founded in 1985 and is today a leading provider of cash management and secure logistics services in Peru. Hermes provides services that include transport, processing, storage and security custody of valuables such as cash, precious metals and high value minerals, as well as ATM management and collection services. Hermes serves around 1,000 clients across financial, retail, governmental, industrial and mining sectors. The company is publicly listed on the Lima Stock Exchange and is headquartered in Lima with 19 branches across the country. The company employs approximately 3,200 people nationwide and in 2025, Hermes reported revenues of PEN 432 million (approximately SEK 1.2 billion).

“Today we have reached a strategic milestone. Through our most significant acquisition to date, we are entering the Peruvian market. As the leading player in the industry, Hermes has a proven track record of growth, profitability and innovation. Peru has one the fastest growing economies in Latin America, supported by a solid macroeconomic environment and increasing cash usage. I am delighted to welcome more than 3,200 new colleagues to Loomis,” comments Aritz Larrea, President and CEO of Loomis.

“We are excited to become part of Loomis. Joining a global group with deep expertise in operations like ours strengthens our ability to continue growing with confidence and responsibility. This next chapter strongly supports our purpose of empowering the development of a safer society by protecting resources, building trust, and contributing to stability within the financial system,” comments Mirella Velásquez Castro, CEO of Hermes.

Strategic rationale

Strengthens Loomis’ position in Latin America
As communicated at the 2024 Capital Markets Day, expanding in emerging Latin American markets is a strategic priority. Peru is an attractive market given its high cash usage, strong economic growth, a solid macro environment, and a stable, independent central bank. Strong potential for growth within the SME customer segment and Automated Solutions

Hermes’ strong position in the SME segment and its relationship with Loomis’ cash-handling automation solutions under the CIMA brand provide a solid platform to expand Loomis’ Automated Solutions offering in Peru, creating clear growth and synergy opportunities.

Expanding the mining offer with Loomis International
The acquisition presents strong potential to complement Hermes’ established valuables logistics within the mining sector with Loomis International’s service offering, supporting cross-border expansion and strengthening the combined position in the mining segment. Supports Loomis strategic targets
The acquisition supports Loomis’ financial targets, contributing to both revenue growth and margin accretion. Hermes also demonstrates strong governance and is at the forefront of sustainability in its market, aligning well with Loomis’ sustainability priorities and targets.

Overview of the transaction

Loomis has entered into a Tender Offer Agreement (“TOA”) with CVC Capital Partners and other minority shareholders representing 99.49 percent of the outstanding shares of Hermes (the “Majority Shareholders”), a publicly listed company on the Lima Stock Exchange. Under the TOA, Loomis will, subject to customary terms and conditions, conduct a public tender offer (“Oferta Pública de Adquisición” or “OPA”) to acquire up to 100 percent of Hermes’ outstanding shares. The Majority Shareholders have pursuant to the terms of the TOA undertaken to support the OPA process and confirmed their intention to sell their shares and accept the tender offer once launched. The transaction values Hermes at an enterprise value of SEK 4 billion (PEN 1,450 million) on a cash and debt free basis, representing a 6.6x adjusted EBITDA multiple based on the 2025 financial year.

The commencement of the OPA is expected during the second or third quarter of 2026. Further details of the transaction, including the offer price and offer conditions, will be provided in the tender offer documentation in accordance with applicable regulations.

Following completion of the OPA, the business will be reported within Segment Europe and Latin America and consolidated into Loomis as of the transaction closing. Closing is expected to take place during the third quarter of 2026. Following a successful tender offer process, no regulatory approvals are required to complete the acquisition.

The transaction will be financed entirely through debt with an already committed bridge facility.

The acquisition is expected to be instantly accretive to the Group’s operating profit (EBITA) as well as earnings per share.

Conference call

Loomis invites shareholders, investors, analysts and financial media to a webcast presentation on May 5 at 9.00 a.m. CEST, during which the intended acquisition will be presented, and a Q&A session will be held.

To follow the webcast, please follow this link.

To ask questions, please join the conference call using the following dial-in details:

United Kingdom: +44 (0)161 250 8206USA: +1 (0)561 771 1427Sweden: +46 (0)8 505 100 39

This press release is also available on the company’s website, www.loomis.com.

For more information, please contact:

Aritz Larrea
President and CEO

Contact via:

Jenny Boström
Head of Sustainability and IR
ir@loomis.com
+46 79 006 45 92

Fredrik Hammarbäck

Media Relations and External Communications Manager
media@loomis.com
+46 76 311 56 29

Important information

The public tender offer for all of the outstanding shares of Hermes Transportes Blindados S.A. described in this communication has not yet commenced. This communication is for informational purposes only, is not a recommendation and is neither an offer to purchase nor a solicitation of an offer to sell any securities, nor is it a substitute for the tender offer materials that Loomis AB and its acquisition subsidiary will file with the Superintendencia del Mercado de Valores upon commencement of the tender offer.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/loomis-ab/r/loomis-enters-peru-through-the-intended-acquisition-of-hermes-transportes-blindados-via-a-public-ten,c4344257

The following files are available for download:

https://mb.cision.com/Main/51/4344257/4075002.pdf

Loomis enters Peru through the intended acquisition of Hermes Transportes Blindados via a public tender offer

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SOURCE Loomis AB

Technology

Corgi Launches AI Insurance Coverage to Protect Businesses When AI Goes Wrong

Published

7 minutes ago

May 5, 2026

SAN FRANCISCO, May 4, 2026 /PRNewswire/ — As artificial intelligence becomes deeply embedded in business operations, a new category of risk is emerging: one that traditional insurance policies were never designed to cover. Corgi has announced the launch of its AI Insurance Coverage, a purpose-built solution designed to protect companies from the real-world consequences of AI failures.

From autonomous agents making financial decisions to models generating customer-facing content, AI systems are no longer experimental—they are operational. But when these systems malfunction, produce biased outputs, or act unpredictably, the financial and legal exposure can be significant.

Corgi’s AI Insurance Coverage is designed to fill those gaps.

“Businesses are moving fast with AI, but their insurance hasn’t kept up,” said Nico Laqua, co-founder and CEOat Corgi. “We built this product for the reality companies are already in, where AI is making decisions, taking actions, and sometimes making mistakes.”

Rather than introducing a standalone policy, Corgi’s solution integrates directly with existing Tech E&O policies and introduces a modular approach, allowing companies to tailor protection based on how they use AI.

The coverage is built to address a wide spectrum of AI-related scenarios, including issues stemming from biased algorithms, inaccurate or harmful generated content, misuse of training data, adversarial attacks on models, synthetic media, and autonomous system failures.

Rather than forcing companies into rigid policies, Corgi allows customers to select only the coverage modules relevant to their risk profile, ensuring they pay only for what they need.

The launch comes at a time when traditional insurers and regulators alike are grappling with how to handle AI-related incidents. In some cases, traditional carriers have begun excluding AI-related risks altogether, leaving businesses exposed.

Corgi’s AI Insurance Coverage is available for technology companies, startups, and enterprises deploying AI in production environments.

About Corgi Insurance
Corgi is an AI-native, full-stack insurance carrier built for startups. As a licensed carrier, Corgi designs and manages insurance end-to-end, using modern infrastructure and AI systems to power underwriting, policy management, and claims.

Media Contact
Erika Lee
Corgi
erika@corgi.com

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SOURCE Corgi Insurance

Technology

ISDN Precision System Obtains CE Certification, Plans Debut at SEMICON SEA

Published

7 minutes ago

May 5, 2026

TAIPEI, May 5, 2026 /PRNewswire/ — ISDN Precision System announced that its linear motors have obtained CE certification, demonstrating compliance with European Union requirements on safety, health, and environmental protection, and granting the company official access to the European market.

The company stated that achieving CE certification indicates its product design and manufacturing processes meet relevant European regulatory standards, and is expected to support future collaboration with international customers in equipment integration and applications.

ISDN Precision System will participate in SEMICON SEA 2026 in May 2026 under the leadership of its parent company, Singapore-based ISDN Holdings. This marks the company’s first participation in an overseas semiconductor exhibition.

According to ISDN Precision System, the exhibition will feature linear motors and high-precision modules, with applications covering semiconductor equipment, laser processing, and optical inspection. Its linear motors support high-speed motion and precision positioning, and are compatible with leading global drive and controller brands for multi-axis configurations. The company also provides customized mechatronic solutions, developing motion systems based on customer requirements.

According to PwC, global semiconductor equipment spending is projected to grow at a compound annual rate of over 7% through 2030, with more than 70% of investments concentrated in Asia. Against this backdrop, as Asia continues to serve as a major hub for semiconductor manufacturing, and with Singapore and Malaysia playing key roles in packaging, testing, and related supply chains, ISDN Precision System is leveraging its parent company’s regional presence to expand its service capabilities.

The company stated that it will continue to strengthen technical capabilities and application integration based on its existing product portfolio, while expanding collaboration opportunities in overseas markets.

About ISDN Holdings Limited
Operating since 1986, ISDN Holdings Limited (SGX: I07) is a fast-growing multi-industry corporation focused on powering smart operations. We help businesses advance their digital capabilities for the Industry 4.0 era while maintaining a keen focus on clean energy in Asia.

About ISDN Precision System
Based in Taiwan, ISDN Precision System specializes in the local production of linear motors, high-precision gantries, and customized mechatronics solutions for the precision manufacturing sector. From its strategic base in Asia, the company has rapidly built an international network to deliver precise and tailored motion solutions to customers worldwide.

Contact ISDN Precision System at marketing@isdn-precision.com

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SOURCE ISDN Precision System