42.31 F
New York
December 15, 2019
Home » Workers Pay

Workers Pay

Reuters - Business

U.S. labor board approves McDonald’s bid to settle case by franchise workers

Reuters
(Reuters) – A U.S. labor board on Thursday approved McDonald’s Corp’s (MCD.N) proposed settlement of a major case, allowing the fast-food company to avoid a ruling on whether it is a “joint employer” at its franchises and could be made to bargain with unions. FILE PHOTO: McDonald’s employees take orders...
Reuters - Business

Royal Mail union loses appeal to overturn injunction halting strike

Reuters
FILE PHOTO: A Royal Mail postal worker stands in the yard of a sorting office in Altrincham, Britain October 12, 2017. REUTERS/Phil Noble/File Photo (Reuters) – Britain’s Royal Mail (RMG.L) on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike...
Reuters - Business

Grain trader Louis Dreyfus to cut costs in ongoing overhaul

Reuters
SAO PAULO/PARIS (Reuters) – Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits. FILE PHOTO: Olympique de Marseille’s majority owner, billionaire businesswoman Margarita Louis-Dreyfus attends a news conference in the Velodrome Stadium in...
Reuters - Business

Timeline: A turbulent decade for grain trader Louis Dreyfus and its owner

Reuters
PARIS (Reuters) – Louis Dreyfus Co (LDC) has launched a sweeping cost-cutting plan in the latest attempt to revive profits at the 168-year-old family-owned firm, one of the world’s largest agricultural commodity merchants. FILE PHOTO: Olympique de Marseille’s majority owner, billionaire businesswoman Margarita Louis-Dreyfus attends a news conference in the...
Reuters - Business

South African Airways agrees deal to end eight-day strike

Reuters
JOHANNESBURG (Reuters) – South African Airways (SAA) reached a deal on wages with two trade unions on Friday to end an eight-day strike that has weighed on the cash-strapped state airline. FILE PHOTO: A South African Airways (SAA) aircraft is seen parked on the tarmac at Cape Town International Airport...
Reuters - Business

South African Airways needs government loan guarantee or risks liquidation: board member

Reuters
JOHANNESBURG (Reuters) – South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day. FILE PHOTO: Passengers board a South African Airways plane...
Reuters - Business

Strikes at Lufthansa units possible despite arbitration: union

Reuters
FILE PHOTO: Lufthansa airplanes are seen parked on the tarmac during a strike of cabin crew union (UFO) at Frankfurt airport, Germany November 7, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Strikes at Lufthansa (LHAG.DE) units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at the German carrier, a...
Reuters - Business

Public Enterprises minister to meet striking unions at South Africa’s SAA

Reuters
FILE PHOTO: Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province, South Africa, September 30, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) – South Africa’s Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to...
Reuters - Business

South Africa’s SAA workers start strike that could cripple airline

Reuters
JOHANNESBURG (Reuters) – Workers at South African Airways (SAA) downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance. FILE PHOTO: Passengers wait to check in at South African...
Reuters - Business

Vendors squeezed in Wells Fargo cost cutting push

Reuters
(Reuters) – At least seven vendors have given Wells Fargo & Co (WFC.N) a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter. FILE PHOTO: A Wells Fargo ATM machine is shown in...
Reuters - Business

Huawei to give staff $286 million bonus for helping it ride out U.S. curbs

Reuters
FILE PHOTO: FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo SHENZHEN, China (Reuters) – Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards...
Reuters - Business

Lufthansa ready for arbitration as cabin crew strike begins

Reuters
FRANKFURT (Reuters) – Lufthansa is ready to go into arbitration to resolve a long-running staff dispute, the CEO of Germany’s largest airline said on Thursday, as a walkout by flight attendants disrupted travel plans of tens of thousands of passengers. An information flight pannel is seen during a strike of...
Reuters - Business

Lufthansa cancels 700 flights on first day of cabin crew walkout

Reuters
FRANKFURT/BERLIN (Reuters) – Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights. An information flight pannel is seen during a strike of Lufthansa airline’s cabin crew union (UFO) at Frankfurt airport, Germany November 7, 2019....
Reuters - Business

UAW union leaders recommend approval of Ford labor deal

Reuters
DETROIT (Reuters) – United Auto Workers leaders from Ford Motor Co’s U.S. plants on Friday recommended approval of a tentative labor agreement that would allow the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co about $3 billion. FILE PHOTO:...
Reuters - Business

UAW turns to Ford after GM workers approve new contract

Reuters
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Friday it has chosen Ford Motor Co (F.N) as the next U.S. automaker the union will negotiate with after workers at General Motors Co (GM.N) approved a new contract deal. The UAW said 57% of hourly workers at GM voted...
Reuters - Business

Global trade uncertainty a reason to ratify USMCA: Mexican minister

Reuters
WASHINGTON (Reuters) – Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada. FILE PHOTO: Arturo Herrera, Mexico’s new Finance Minister, speaks during a news conference in Mexico...
Reuters - Business

UAW will keep GM strike going while members vote on new contract

Reuters
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms for temporary workers, but allows the automaker to close three U.S. plants....
Reuters - Business

UAW deal with GM to end strike includes pay raises, but three plants would close

Reuters
DETROIT (Reuters) – The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co (GM.N) as part of its tentative deal to end a month-long U.S. strike, but the deal would also allow the automaker to move forward with closing three plants, the...
Reuters - Business

UAW, GM leaders have a deal to end strike, now workers will decide

Reuters
DETROIT (Reuters) – General Motors Co (GM.N) and the United Auto Workers union reached a tentative agreement on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the future of U.S....
Reuters - Business

UAW, GM leaders have a deal, now workers will decide

Reuters
DETROIT (Reuters) – General Motors Co (GM.N) and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the future of U.S....

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More