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Joe Biden"s plan to increase the minimum wage to $15 won"t just help workers: A new study finds that lower wages cost taxpayers over $100 billion a year
The pay bump would give raises to over 20 million workers - and could provide relief for public safety net programs. President-.....»»
Trump"s delay on signing the stimulus bill could have cost unemployed Americans $5.9 billion - but now new reporting suggests payments won"t lapse as feared
Some 20 million workers risked missing a week's worth of stimulus funds, but the Department of Labor told The Hill and CNBC there won't be a lapse. Donald Trump. Getty President Donald Trump final.....»»
Paid vacation would cost city businesses $1.2Â billion, industry warns
Business owners might want to start saving up for their workers' vacations, if a controversial goes through. An industry group calculated the proposed " paid="" personal="" time="" mandate="" by=""... To view the full story, click the title link......»»
Little-known employment contract provision enables billions of dollars in wage theft each year
Forced arbitration cost low-paid workers $12.6 billion in 2019, according to a new analysis by an employee advocacy group......»»
There’s a little-known employment contract provision enabling billions of dollars in wage theft each year
Forced arbitration cost low-paid workers $12.6 billion in 2019, according to a new analysis by an employee advocacy group......»»
Economist warns of economic toll on California from blackouts, exodus and "fading" housing demand
Bank of the West’s economics team estimates this year’s California wildfires and blackouts could have an economic cost of $5.4 billion......»»
Audi strikes deal with workers to slash 9,500 jobs
Audi on Tuesday announced a major restructuring scheme, slashing around 9,500 jobs until 2025 in an effort to adopt production to the e-mobility era and achieve billion-euro cost savings......»»
BMW in talks with workers about efficiency measures
BMW is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter told analysts on Wednesday......»»
The 40-day GM strike cost the automaker nearly $3 billion — and BAML says Fiat Chrysler is most at risk of a future walkout
Reuters The United Auto Workers union is using its improved contract with General Motors to boost conditions with other automakers, and Bank of America Merrill Ly.....»»
Ford reaches tentative labor deal with United Auto Workers union
Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors about $3 billion......»»
Ford confirms tentative agreement, but declines further comment in statement
Ford Motor Co and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co about $3 billion......»»
GM says UAW strike cost nearly $3 billion but still turns third-quarter profit
The United Auto Workers' 40-day strike against General Motors damaged the carmaker's earnings, but GM still generated a .....»»
GM contract vote by striking UAW workers heads into final hours
Striking workers at General Motors Co factories in the United States finish voting on Friday on a proposed four-year contract that could end a 39-day strike that has cost the No. 1 U.S. automaker more than $2 billion according to Wall Street......»»
Bank of America now says the strike at GM will cost the automaker $3.25 billion — its biggest estimate yet (GM)
Reuters The six-week-long strike of more than 48,000 General Motors workers could cost the compan.....»»
Will a $3 Billion-Plus Cost for the GM Strike Be Worth It?
GM reportedly has finalized a settlement to end a multiweek strike by the United Auto Workers union. With earnings season kicking off, there will be more of a focus the strike's price tag for GM......»»
Lengthy UAW strike at GM to cost $1.5 billion: Credit Suisse
An ongoing workers' strike at General Motors Co could cost the automaker about $1.5 billion, brokerage Credit Suisse said on Friday, throwing the U.S. automaker's cost reduction plans off the track and forcing key suppliers to cut their 2019 outlook......»»
GM strike has already cost automaker more than $1 billion
Financial toll is rising for both the car company and for workers as the labor dispute drags on.....»»
GM, UAW clash over how to reach deal to end lengthy strike
General Motors and the United Auto Workers (UAW) union clashed late Thursday over how to end a 25-day strike that has cost the company over $1 billion, according to letters seen by Reuters......»»
GM urges UAW to agree to "around-the-clock" bargaining
General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters......»»
Read the email Musk sent to Tesla workers calling for cost controls
The memo says that $2 billion in fresh funding would only cover 10 months of business at the company's first quarter burn rate......»»