All articles tagged with #pay increase
Originally Published 2 months ago — by Bloomberg.com
The gold market is experiencing a boom, leading to a fierce talent war among trading houses, hedge funds, and banks, which is driving up pay packages for gold traders, especially at physical trading houses expanding their teams amid soaring prices and profit opportunities.
Originally Published 2 months ago — by Playbill
Broadway actors will receive a 3% annual pay increase over three years under a new contract, which also includes improved health benefits, paid personal days, and limits on consecutive workdays, following negotiations between Actors' Equity and the Broadway League. The contract is subject to member approval by October 30, with potential retroactive pay increases and other industry improvements.
Originally Published 2 months ago — by LAist
Thousands of Kaiser healthcare workers in Southern California went on a five-day strike over pay and staffing issues, demanding higher wages and more input in scheduling, which could impact patient care and appointments.
Originally Published 1 year ago — by KLFY
Walmart store managers in Louisiana were pleasantly surprised when CEO John Furner announced a new stock grant program, offering up to $20,000 yearly, at a corporate meeting in Houston. The average store manager's pay has also increased to $128,000 a year, with a new bonus program allowing them to earn up to 200% of their salary. The stock bonus amount varies based on the store format managed. This move reflects Walmart's commitment to investing in its employees, with the new pay scale set to take effect in February 2024.
Originally Published 1 year ago — by KTALnews.com
Walmart store managers in Louisiana are set to receive a stock grant of up to $20,000 yearly, following an announcement by CEO John Furner at a corporate meeting in Houston. The average store manager's pay has increased to $128,000 a year, with a new bonus program allowing them to earn up to 200% of their salary. The company's decision to invest in its employees reflects a commitment to rewarding hard work and dedication, with the new pay scale set to go into effect in Feb. 2024.
Originally Published 1 year ago — by The Washington Post
Faculty members at California State University, the nation’s largest four-year public university system, have ended their one-day strike after reaching a tentative agreement with the administration on pay and benefits. The deal includes a 5 percent pay increase retroactively from July 1, 2023, and a further 5 percent starting July 1 this year, contingent on state funding. The agreement also extends paid parental leave and raises the minimum salary for the lowest-paid faculty members, affecting almost 460,000 students.
Originally Published 2 years ago — by ABC News
Nearly 30,000 California State University employees, including professors and librarians, are set to strike for five days over pay increases and workplace improvements, potentially disrupting classes for hundreds of thousands of students. The workers are demanding a 12% pay hike, higher minimum salary, and longer parental leave. The strike follows months of contract negotiations, and if an agreement is not reached, the union may consider other labor actions. Meanwhile, a tentative contract agreement was reached with skilled trade workers, avoiding their participation in the strike.
Originally Published 2 years ago — by Bloomberg
Tesla announces pay increases for US factory workers, including production associates, material handlers, and quality inspectors, as the United Auto Workers union seeks to organize nonunion automakers. The exact amount of the raise is not specified.
Originally Published 2 years ago — by CNBC
Tesla plans to raise the pay of hourly workers at its battery factory in Nevada by around 10% starting in January 2024, in an effort to potentially deter workers from forming a union. The pay increases range from $2 to $8.30 per hour, with some workers seeing their hourly rate increase from $20 to $22 on the low end and from $30.65 to $34.50 on the high end. The move comes as Tesla faces competition for talent and ongoing labor strikes in various countries.
Originally Published 2 years ago — by Forbes
Southwest flight attendants have overwhelmingly rejected a tentative contract agreement that offered a 20% pay increase in the first year, impacting negotiations for American flight attendants. The Association of Professional Flight Attendants (APFA) has delayed their negotiations with American Airlines, awaiting the outcome of the Southwest vote. APFA is seeking a 33% raise, while the company has offered 11%. Flight attendants at Alaska and United are also in negotiations, and if released from mediation, American flight attendants could potentially go on strike. The rejection of the contract by Southwest flight attendants signals a shift in the industry, with flight attendant unions demanding better wages and working conditions.
Originally Published 2 years ago — by The Chattanoogan
Volkswagen will raise hourly pay for production workers at its Chattanooga facility by 11%, following a UAW strike that resulted in a significant pay increase for union auto workers. The average hourly pay at Volkswagen ranges from $12.37 to $22.99, with salaries ranging from $45,000 to $87,300 per year. State Rep. Greg Vital commended Volkswagen for recognizing the value of its employees and their families, highlighting the company's commitment to Chattanooga and the region.
Originally Published 2 years ago — by The Wall Street Journal
Honda Motor is giving many U.S. factory workers an 11% pay increase and reducing the time it takes to reach the top wage by half, following the United Auto Workers union's recent gains in Detroit. The changes will take effect in January and mirror similar improvements negotiated by the UAW with other major car companies.
Originally Published 2 years ago — by WPLG Local 10
Teachers in Broward County, Florida, are demanding better pay, with protesters calling for a 9% increase. The Broward Teachers Union has been requesting a 7% pay increase since June, but the school district countered with a 1.7% offer. The school board recently voted against raising teachers' wages, despite an increase in state funding and a property tax referendum generating $177 million. The board instructed the superintendent to bring back a budget in January that includes the pay increase.
Originally Published 2 years ago — by CNBC
Amazon plans to increase pay for its operations workers in the UK and hire 15,000 seasonal staff ahead of the holiday season. The pay increase, ranging from £11.80 to £12.50 per hour, will apply to full-time, part-time, temporary, and seasonal roles. By April 2024, Amazon aims to further increase pay to between £12.30 and £13 per hour. The move represents a £170 million investment from Amazon and follows protests by workers over low pay and poor working conditions. The GMB Union criticized the pay hike, stating that it brings "little comfort" to workers. Amazon has also faced unionization efforts in both the UK and the US.
Originally Published 2 years ago — by CBS Los Angeles
The Writers Guild of America (WGA) has ended their nearly 150-day strike after reaching a tentative agreement with Hollywood studios. The three-year deal includes a 12.5% pay increase, with writers receiving 5% upon contract ratification and subsequent increases of 4% and 3.5% in the following years. Writers also secured a 76% increase in foreign streaming residuals, along with a viewership-based streaming bonus. The agreement also addresses the use of artificial intelligence (AI) in productions, establishing guidelines to protect writers' credits and rights. Mandatory staffing requirements were also implemented, ensuring a minimum number of writer-producers during the development and production of series.