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GSK Shares Plunge 9% as Delaware Court Allows 70,000 Zantac Lawsuits
1 year ago•Source: Reuters
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"US Labor Dept Sues Hyundai for Alleged Child Labor Violations"
The U.S. Department of Labor has sued Hyundai Motor Co, an auto parts plant, and a labor recruiter for using child labor in Alabama. The lawsuit seeks to recover profits related to the illegal employment of children, some as young as 12, at a Hyundai subsidiary and other parts suppliers. The Labor Department's investigation found that a 13-year-old worked up to 60 hours a week at a plant supplying parts to Hyundai. Hyundai claims it no longer owns the subsidiary and has taken steps to address the issue. The case highlights a broader problem of child labor violations in the U.S.
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Walmart sued for firing employee with Crohn's disease.
The U.S. Equal Employment Opportunity Commission (EEOC) has sued Walmart for illegally firing a North Carolina deli worker with Crohn's disease. The EEOC accused Walmart of violating the Americans with Disabilities Act by dismissing Adrian Tucker in April 2017 because her nine "unauthorized" absences in the prior six months, including a hospitalization and a visit to the emergency room, violated its "attendance and punctuality policy." The lawsuit seeks back pay and punitive damages for Tucker, and an end to similar future discrimination. Walmart said it was reviewing the complaint.
Rivian moves staff to Illinois plant for faster EV production.
Rivian is relocating parts of its manufacturing engineering team to Illinois to accelerate production of its R1T electric pickup trucks and R1S SUVs. The reorganization would mean those working on manufacturing engineering would be asked to relocate to central Illinois or its headquarters in Irvine, California. Rivian has been losing money on every vehicle it builds and narrowly missed its annual production target of 25,000 units last year.
Amgen announces second round of layoffs, cutting 450 jobs.
Amgen is set to cut 450 jobs, less than 2% of its workforce, in its second round of layoffs this year due to intensifying pressure on drug prices and high inflation. The healthcare industry is feeling the impact of rapidly increasing interest rates. The company had about 25,200 staff members in more than 50 countries as of Dec. 31, 2022.