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Pay Hike

All articles tagged with #pay hike

business1 year ago

Boeing Machinists Vote on Contract to Potentially End Strike

Boeing and the machinist union are awaiting the results of a vote that could end a seven-week strike, following a tentative agreement for a 38% pay increase over four years, including a $12,000 ratification bonus. The union, which previously rejected a 35% pay hike, supports the new deal despite Boeing not reinstating its traditional pension plan. Boeing aims to stabilize its business after a $6 billion Q3 loss and a 40% stock decline in 2024.

via Investor's Business Daily|
#agreement#boeing#business
education1 year ago

"Resolution Reached: Newton Teachers' Strike Ends with Tentative Agreement"

After an 11-day strike, the Newton teachers' union and the School Committee have reached a deal, ending the contentious standoff. The agreement includes a 12% pay hike over four years, concessions for higher pay for aides, more parental and family leave, mental health counseling for students, and a cost-of-living raise for teachers. The union had been seeking a 20% pay hike but settled for 12%, which will equal 13.5% compounded over the life of the deal. The School Committee will vote on the deal, and students are expected to return to the classroom on Monday after missing two weeks of school.

via Boston Herald|
#education#negotiations#newton
labor-relations2 years ago

UAW's Pressure on Big Three Falls Just Shy of Strike Expansion

The United Auto Workers (UAW) union will continue its strike against Ford, General Motors, and Stellantis, demanding "record contracts for record profits." UAW President Shawn Fain stated that while the automakers have offered record contracts, there is still more to be won. The union is asking for a 40% raise over the four-year contracts, and the companies have increased their pay hike proposals to 23%. The strike, involving around 34,000 workers, may expand nationwide if sufficient progress is not made in negotiations.

via Fox Business|
#big-three#labor-relations#negotiations
labor-relations2 years ago

UAW President Rejects 21% Pay Hike Offer from Stellantis

United Auto Workers (UAW) president Shawn Fain has rejected a 21% pay increase offered by Stellantis, the parent company of Chrysler, as autoworkers from Ford, General Motors, and Stellantis went on strike. The UAW is demanding a four-day work week, substantial pay raises, more paid time off, and pension benefits. Fain stated that the union has asked for 40% pay increases to match the average pay increases of the CEOs at the three companies. The autoworkers are frustrated with falling behind while the companies have seen significant profits. President Biden has expressed support for the strike and is sending top administration officials to Detroit to support negotiations.

via CBS News|
#labor-relations#negotiations#pay-hike
education2 years ago

NYC Teachers Union Secures Substantial Pay Hike and Virtual Learning Program in New Contract Agreement with Mayor Adams.

New York City educators will receive pay hikes and bonuses of up to 20% under a new five-year, $6.4 billion labor contract announced by Mayor Eric Adams and the United Federation of Teachers. The proposed contract also cuts in half the length of time it takes most teachers to reach a salary of $100,000 and expands voluntary virtual learning opportunities for students. The deal covers approximately 120,000 municipal employees and brings the total workforce under contract to approximately 66%.

via New York Post |
#education#labor-contract#nyc
business2 years ago

American Airlines Pilots and Union Agree on New Contract

American Airlines pilots have reached an agreement in principle on a new contract with their union, the Allied Pilots Association. The contract provides pay and profit sharing that match the top of the industry with improved quality-of-life provisions. The deal lasts four years with pay rates comparable to those secured by pilots at Delta Air Lines. The contract includes improvements on scheduling, a critical issue for pilots seeking better work-life balance.

via Reuters|
#allied-pilots-association#american-airlines#business
business2 years ago

Google employees mock CEO Sundar Pichai's $226M pay raise amidst company cost-cutting.

Some Google employees are protesting CEO Sundar Pichai's $226 million pay hike by sharing memes on internal forums, including one referencing the "Shrek" villain Lord Farquaad. The employees are criticizing Pichai for accepting the pay increase while the company is cutting costs, laying off workers, and reducing perks. Pichai's pay was boosted last year due to stock awards worth $218 million, making him one of the highest-paid CEOs in the US. However, he announced at a recent all-hands meeting that Google executives would take a "very significant reduction in their annual bonus."

via Business Insider|
#business#employee-protests#google
health2 years ago

UK hospitals face catastrophic impact as junior doctors plan to strike again.

Tens of thousands of doctors at the state-funded National Health Service (NHS) in the UK are set to go on a four-day strike, which could postpone up to 350,000 appointments. The strike comes amid walkouts by public workers across many sectors demanding pay hikes during a cost-of-living crisis. The British Medical Association has asked for a 35% pay rise to bring junior doctor pay back to 2008 levels. The strikes would risk patient safety, and the government and the union should call in outside negotiators to help break the impasse, said Matthew Taylor, chief executive of the NHS Confederation.

via ABC News|
#doctors-strike#health#nhs