Business Labor News

The latest business labor stories, summarized by AI

"Macy's Restructuring: Impact on American Department Stores and Urban Landscapes"

Macy's announced the closure of 150 stores and the layoff of over 2,300 workers, blaming economic pressures from online competition and discount stores. Labor expert Les Leopold criticized the company's prioritization of stock buybacks over investing in its workforce, arguing that this decision led to the layoffs. He called for action to address the issue of mass layoffs and job loss, noting the silence of both political parties on the matter.

1 year ago•Source: Common Dreams

Valentine's Day Strike: Gig Economy Drivers Demand Fair Pay

business-labor

1.58 min•1 year ago

Valentine's Day Strike: Gig Economy Drivers Demand Fair Pay

Thousands of Uber, Lyft, and DoorDash drivers are planning to walk off the job on Valentine's Day to protest lower pay and unsafe working conditions. The drivers, represented by the Justice For App Workers coalition, are demanding better pay and improved safety measures. The strike will involve turning off apps and holding rallies at airports in 10 cities. While Uber downplayed the potential impact, Lyft recently promised its drivers at least 70% of the money their clients pay, aiming to address long-running criticisms about driver compensation.

via CBS News