All articles tagged with #pay rise
Kylie Kelce, Jason Kelce's wife, comments on WNBA players protesting for higher pay, highlighting the league's rising revenues and the players' demand for a larger share of the league's income, emphasizing they are not seeking equal pay with men but a fairer revenue percentage.
Boeing workers have ended a seven-week strike after accepting a new contract offering a 38% pay rise over four years, a $12,000 bonus, and changes to retirement plans. The walkout, involving around 30,000 workers, significantly impacted Boeing's operations and finances, costing the company nearly $10 billion. The agreement was reached after two previous offers were rejected, and the strike drew attention from the White House, with acting US Labor Secretary Julie Su involved in negotiations. Boeing is also dealing with financial challenges, including operating losses and potential credit downgrades.
Boeing's outgoing CEO, Dave Calhoun, has been awarded a 45% pay rise, bringing his total compensation to $21 million, despite the company's struggles during the pandemic and ongoing issues with its 737 Max aircraft. This move has sparked criticism from some quarters, especially in light of the company's decision to cut thousands of jobs and seek government aid.
Japanese workers have secured the largest pay rise in over three decades, with the average monthly wage increasing by 2.4% in 2021. This significant boost in wages reflects the tightening labor market in Japan, as companies compete for workers amidst a shrinking population and increasing demand for labor. The pay rise is expected to support consumer spending and economic growth in the country.
Ford and the United Auto Workers (UAW) union have reached a tentative deal to end the nearly six-week strike, which includes a record pay rise. The agreement, if approved by union leaders and members, would set the standard for talks at General Motors (GM) and Stellantis. The deal includes a 25% wage increase over the life of the contract and pay rises of over 150% for lowest-paid temporary workers. The union also secured the right to strike Ford over future plant closures. The estimated total economic losses from the strike have reached $9.3bn.
The UK government has announced pay increases for public sector workers, including doctors and teachers, in an attempt to resolve strikes caused by a cost-of-living crisis. Junior doctors have begun a five-day strike demanding a 35% pay rise to address falling real wages. The government has accepted recommendations for pay hikes, offering doctors a 6% increase and a lump-sum payment, while teachers will receive a 6.5% raise. The pay increases are below the current inflation rate of 8.7%. The strike by junior doctors is the longest in the history of the National Health Service (NHS), with patient waiting lists at record highs. The British Medical Association (BMA) has called for pay to be restored to 2008 levels. The government's offer is likely to anger trade unions, who argue that school and hospital budgets cannot sustain wage increases without cutting spending in other areas.
The UK government is expected to approve a 5% pay increase for NHS staff in England, excluding doctors and dentists, following a meeting with 14 NHS unions. The deal also includes a one-off lump sum payment. Most unions have voted in favour of the deal, with Unite and the Royal College of Nursing (RCN) being the only major unions to reject it. The RCN will need to hold another strike ballot of its members, while Unite is carrying out a series of local strikes this week. The pay increase will be sanctioned for all staff on the Agenda for Change contract, covering everyone from nurses and paramedics to porters and cleaners.
NHS staff in England, excluding doctors, have been offered a 5% pay rise from April and a one-off payment of at least £1,655 to top up the past year's pay award. Unions are recommending members back the deal after nearly two weeks of talks with ministers. The Royal College of Nursing, Unison, and the GMB have all said they are backing the deal, while Unite has said it cannot recommend it to members, but it will put it out to vote. The offer covers all NHS staff except doctors, who are on a different contract.
Junior doctors in the UK are striking for four days over pay restoration and better working conditions. Dr Shivam Sharma, a junior doctor from Birmingham, said he had never seen the NHS this bad, with patients being tended to in hospital corridors and an average waiting time of 12 hours. The British Medical Association (BMA) has asked for a pay rise of 35%, but the government has called the demands "completely unaffordable". The BMA claims staff have seen pay cuts of 26% since 2008. An NHS spokesperson said patients should not be put off from seeking emergency care during strike action.