All posts tagged "Employeebenefits"

The United Auto Workers' tentative agreement with Ford Motor Co. marks significant steps toward the Detroit-based union's stated goal of winning back concessions made during the automotive bankruptcies and Great Recession. The record deal that would last through April 2028 would secure double-digit wage increases, hike starting pay, reintroduce cost-of-living adjustments, shorten the timeline to the top wage, and boost retirement contributions. The union's Ford council is expected to vote on the agreement on Sunday to send to the roughly 56,000 members employed by the Blue Oval for ratificatio......

DETROIT — Low unemployment, high rates of inflation and lingering impacts of the COVID-19 pandemic have contributed to a boom in union and strike activity in the past couple of years. And after a summer full of strikes, this fall could be no different. More than 100 strikes took place from June through August across the United States, according to the Cornell School of Industrial and Labor Relation's labor action tracker — nearly as many as last year's 116 and significantly more than 2021's 64 in that same time period. Workers feel empowered, according to experts. Confidence in knowing they ca......

Six years after workers acquired their company from second-generation owner William A. Graham IV through an Employee Stock Ownership Plan, the 215 people who now work at Graham Co. are selling the Philadelphia-based business-insurance agency to national broker Marsh & McLennan Agency. Graham leaders confirmed Tuesday that their board has agreed to sell. The buyer, part of global insurance giant Marsh McLennan Cos. Inc. won't say how much it's paying, but people familiar with the deal say Marsh McLennan agreed to pay five times Graham's expected yearly sales, which works out to about $375 milli......

Jordan Parshall first got involved in political activism in his early teens growing up in Minnesota. In 2012, a proposed constitutional amendment would have defined marriage as between a man and a woman in the state. Parshall, who had realized he was gay, felt compelled to volunteer for the ‘vote no’ campaign, which ultimately prevailed. “I wanted what my parents had. My parents were happily married,” said Parshall, who now works for Intelligentsia Coffee in Chicago and as an organizer for the baristas’ union, the International Brotherhood of Electrical Workers Local 1220. “I wanted to get mar......

SAN JOSE, California — Roku, a San Jose streaming giant, has disclosed plans to jettison hundreds of employees, in a new disclosure that widens the increasingly painful job cuts that have jolted the Bay Area’s tech sector. The company estimated that the staffing reductions would be complete by the end of March 2023, Roku stated in a regulatory filing on Thursday with the Securities and Exchange Commission. “Roku approved a plan to reduce the company’s headcount expenses by a projected 5% to slow down the Company’s 2023 operating expense growth rate due to current economic conditions,” Roku rev......

TALLAHASSEE, Florida — After banning CRT in the classroom and board room, Gov. Ron DeSantis has a new target in his culture war against “wokeness” with another acronym most folks have never heard of — ESG. DeSantis says he views investment policies that take “Environmental, Social and Governance” issues into consideration as an existential threat to Florida’s people and economy, just as he sees Critical Race Theory undermining the state’s social and cultural values. “This is a movement to harness economic power to move an agenda that doesn’t have enough appeal to win at the ballot box,” DeSant......