All articles tagged with #wage increases
Safeway stores in Humboldt County will remain open as UFCW unions reach a tentative agreement with Albertsons, covering 25,000 workers with wage hikes, better healthcare, and retirement benefits, avoiding a strike after months of negotiations.
Walmart U.S. store managers will receive annual grants of company stock, with superstore managers set to receive $20,000 in stock every year, as announced by CEO John Furner. This follows recent pay raises for both managers and hourly workers, with base pay for store managers increasing to $128,000 a year and hourly wages rising to over $18.
German train drivers, led by the GDL union, have initiated the country's longest rail strike, demanding wage increases and a shorter working week. The six-day strike, the fourth in a months-long dispute, has caused significant disruptions to rail traffic and prompted concerns about its impact on the economy. The GDL is pushing for a reduction in working hours to a 35-hour week, while Deutsche Bahn has rejected this as too costly, leading to a standoff between the two sides.
The Universities of Wisconsin Board of Regents has approved a plan to provide a four-percent wage increase for roughly 35,000 UW employees, while freezing diversity, equity, and inclusion (DEI) positions through 2026. Officials at UW-Oshkosh are prepared for potential changes following the vote, with a focus on shifting some current positions to student success. Despite the freeze on DEI positions, student organizations dedicated to diversity and inclusivity will remain on campus. The university's efforts also extend to supporting veterans, first-year students, LGBTQ individuals, and other groups.
After 47 days on strike, workers at MGM Grand Detroit have ratified a record-breaking labor agreement, ending the strike. The agreement includes the largest wage increases ever negotiated in the history of MGM Grand Detroit, with an immediate $3 an hour raise upon ratification and $5 an hour total raises over the five-year contract. It also provides no health care cost increases, workload reductions, job protections, technology protections, and the option for a bonus. The settlement comes after unionized casino workers reached agreements with the other two casinos in Detroit.
Volkswagen is implementing a cost-cutting scheme that includes staff reductions due to high costs and low productivity, making the brand no longer competitive. Meanwhile, battery prices for electric vehicles (EVs) are declining, primarily due to lower raw material costs, potentially making EVs more affordable. Subaru is raising wages for its employees following the United Auto Workers' strike, and Italy is discussing joint investments with Saudi Arabia in various sectors, including automotive and oil & gas.
SAG-AFTRA has released more details of the "landmark" deal reached with studios, valued at over $1 billion in new wages and benefit plan funding. The agreement includes wage increases, casting guidelines, relocation allowances, and increased contributions to health and pension funds. It also establishes a new compensation stream for performers working in streaming, with a bonus based on viewership requirements. The agreement will be sent to eligible members on November 13, with ratification voting starting on November 14.
Starbucks plans to add 17,000 locations outside of North America by 2030, aiming for a total of 55,000 global locations. The company also announced a $3 billion cost-savings plan, with $1 billion coming from store efficiency improvements. Additionally, Starbucks plans to double baristas' hourly income by the end of fiscal year 2025. The announcement comes after more than 350 Starbucks locations have unionized, with accusations of labor law violations. Starbucks reported better-than-expected quarterly earnings and revenue, attributing its success to its reinvention plan, which aims to simplify operations and improve service quality and speed.
The United Auto Workers (UAW) union has shared details of its tentative contract agreement with Ford Motor Company, which is four times more valuable than the previous agreement. The deal includes a 25% wage increase, shortened wage progression, reinstated cost of living adjustments, justice for temporary workers, enhanced profit sharing, boosts for retirees, job security, and investments in plants. The agreement is in the process of ratification, and if approved, it will set the precedent for similar deals with General Motors and Stellantis.
The United Auto Workers (UAW) union has successfully negotiated wage increases with Detroit's Big Three automakers - General Motors, Ford, and Stellantis - after strikes. These pay raises, the largest in decades for autoworkers, highlight the power of organized labor in reducing economic inequality. Unions help shift wages out of the lower end of the range of indeterminacy, where individual workers have less bargaining power. The UAW's success may inspire unionization efforts at other companies, including Tesla, Toyota, Honda, and BMW.
General Motors (GM) and the United Auto Workers (UAW) have reached a tentative agreement, ending a six-week strike against the Detroit Three automakers. The UAW had pressed for wage gains and won record pay hikes, including a 33% increase in top pay for veteran workers. Nearly 50,000 workers out of 150,000 union members participated in the strike. The UAW's strategy of targeted strikes cost the Detroit Three and suppliers billions of dollars. The deals with GM, Ford, and Stellantis mark significant victories for auto workers after years of stagnant wages. The contracts now need to be ratified by rank-and-file UAW members.
Ford Motor Co. workers, represented by the United Auto Workers (UAW), will vote on a new agreement that includes provisions for battery-plant workers to join the union, the restoration of lost benefits, and the elimination of certain wage tiers. The deal, which follows a 41-day strike, includes $8.1 billion in investments, compounded base wage increases, improved conditions for temporary workers, and contributions to retirement plans. If ratified, the agreement would mark a major victory for the UAW and its president, Shawn Fain. The UAW has also secured a tentative agreement with Stellantis NV, while negotiations with General Motors Co. continue.
Ford and the United Auto Workers (UAW) have reached a tentative labor deal after a 6-week strike. The agreement includes significant wage increases, with the top wage rising by over 30% to more than $40 an hour and the starting wage increasing by 68% to over $28 an hour. The lowest-paid workers will see a raise of over 150% over the life of the agreement. The deal also reinstates cost-of-living allowances and introduces a new three-year wage progression scale. The agreement is subject to approval by the UAW's Ford national council and ratification by a majority vote of the UAW's 57,000 Ford workers.
Negotiations between the United Auto Workers (UAW) and the Detroit Three automakers continue on day nine of the targeted plant strike, which has now expanded to include 38 General Motors (GM) and Stellantis parts distribution centers. The strike, which began at three assembly plants, now involves a total of 18,300 workers. The UAW is pushing for significant wage increases, an end to a tiered-wage scale, cost-of-living increases, and other demands. Ford has made more progress in talks and has been spared from additional plants being added to the strike. The UAW members are determined to fight for fair treatment and job security, while automakers argue they need to maintain labor costs to compete with non-unionized companies.
Talks between the United Auto Workers (UAW) and the Detroit Three automakers continue on the third day of the strike, with slow progress reported. UAW President Shawn Fain stated that the strike is about working-class people standing up and not about the president. The union is seeking significant wage increases and an end to the tiered wage system. Stellantis' recent 21% wage increase offer was rejected by the UAW. President Joe Biden is sending a team to Detroit to help resolve the strike.