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Worker Benefits

All articles tagged with #worker benefits

businesstechnology2 years ago•7 min saved

"2024 JUST 100: Hewlett Packard Enterprise Leads with Market-Leading Worker Benefits"

Hewlett Packard Enterprise (HPE) has topped the 2024 JUST 100 list, surpassing Bank of America, with a strong focus on worker benefits, community efforts, and environmental goals. HPE's emphasis on employee benefits, including extended parental leave and worker training, has propelled it to the top of the list. Other tech giants like Apple, Microsoft, and Alphabet have slipped in the rankings, while more chip stocks have moved up. The importance of worker issues has increased in the annual evaluation, with companies making strides in areas such as pay equity and carbon emissions disclosure. HPE's CEO emphasized the importance of investing in the workforce amid the rise of AI and productivity gains, highlighting the correlation between stakeholder value and shareholder value.

via CNBC|

#businesstechnology #esg #hewlett-packard-enterprise

labor-relations2 years ago•6 min saved

"UAW Strike's Ripple Effect: Historic Gains and Budget Boosts"

The United Automobile Workers (U.A.W.) strike and subsequent contract agreements with major U.S. automakers could have far-reaching implications for other workers and unions. The U.A.W.'s strategy of securing substantial gains through a strike in a critical industry has demonstrated the effectiveness of work stoppages and solidarity. Other unions have already shown interest in aligning their contract expirations with the U.A.W.'s, and the strike's success may embolden labor movements in other sectors. The U.A.W.'s approach of starting small and expanding strategically could be applicable to other industries, and the contracts also grant the union more influence over decision-making and the ability to extract concessions at non-unionized plants. The U.A.W. sees the contracts as a boost to their organizing efforts, particularly in the electric vehicle sector, and experts believe the momentum could extend to organizing campaigns in related industries.

via The New York Times|

#contract-negotiations #labor-relations #labor-unions

business2 years ago•1 min saved

Yellow Trucking Firm and Workers Reach Deal, Strike Averted

U.S. trucking firm Yellow has reached an agreement with the Teamsters union to avert a strike by its 22,000 workers. Yellow will pay over $50 million in owed worker benefits and pension accruals within the next two weeks. The company, which specializes in less-than-truckload shipments, has faced concerns from customers about potential bankruptcy. Competitors are expected to target Yellow's customers amid a decline in freight volume. Yellow, formerly known as YRC Worldwide, received a $700 million pandemic relief loan from the U.S. government in 2020 and has not significantly repaid it. The company is seeking to refinance $1.2 billion in debt before it comes due next year.

via Reuters|

#business #strike #teamsters