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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-.....»»

Category: personnelSource: nytJan 15th, 2021

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.....»»

Category: topSource: businessinsiderDec 29th, 2020

Paid vacation would cost city businesses $1.2 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......»»

Category: blogSource: crainsnewyorkFeb 20th, 2020

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......»»

Category: topSource: washpostFeb 13th, 2020

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......»»

Category: topSource: washpostFeb 13th, 2020

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......»»

Category: topSource: bizjournalsDec 17th, 2019

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......»»

Category: topSource: reutersNov 26th, 2019

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......»»

Category: topSource: reutersNov 20th, 2019

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.....»»

Category: dealsSource: nytNov 15th, 2019

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......»»

Category: topSource: reutersOct 30th, 2019

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......»»

Category: topSource: reutersOct 30th, 2019

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 .....»»

Category: topSource: usatodayOct 29th, 2019

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......»»

Category: topSource: reutersOct 24th, 2019

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.....»»

Category: topSource: businessinsiderOct 17th, 2019

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......»»

Category: blogSource: 247wallstOct 17th, 2019

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......»»

Category: topSource: reutersOct 11th, 2019

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.....»»

Category: topSource: moneycentralOct 11th, 2019

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......»»

Category: topSource: reutersOct 11th, 2019

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......»»

Category: topSource: reutersOct 10th, 2019

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......»»

Category: topSource: moneycentralMay 17th, 2019