Posts tagged CVS
ESG Is a Front for Labor
July 24, 2023 // House Republicans have declared July “ESG month,” planning hearings and bills to push back against politicized environmental, social, and governance investing. Yet so far, lawmakers have almost exclusively focused on environmental issues. Republicans should also pay attention to the “S” in ESG, which labor unions are using to advance their agenda at the expense of workers, their own members, and even taxpayers — a problem that President Biden has significantly worsened. The 2023 proxy season, which started in January and ended in June, shows the union campaign in action. Union funds and their allies, such as the New York City Employees’ Retirement System and like-minded investment managers, introduced many ESG-focused shareholder proposals designed to accelerate unionization. Consider Apple, which was targeted by five New York City pension funds, multiple investment managers, and the SEIU Master Trust Pension Plan, among others.
Starbucks will go grande on workforce-lite future
January 6, 2023 // At the same time, Starbucks is moving quickly to automate, which will continue into 2023 under incoming CEO Laxman Narasimhan. In September, it laid out a reinvention plan that includes robotizing more in-store tasks. An investor presentation recently outlined plans to “simplify operations” and “leverage automation.” Many companies like McDonald’s (MCD.N) and Target (TGT.N) have had to find technological solutions just as workers seek higher wages. Over 12 months through November, hourly wages for private, nonfarm workers have increased more than 5% to $32.82, according to data from the Bureau of Labor Statistic. Labor costs are eating into margins that are also being squeezed by rising prices for materials and transportation. If an ornery workforce can be replaced by a robotic one, there’s no better time than the present.
Chicago-Area CVS Employee Rehired After Filing Legal Action Challenging Union-Instigated Firing
December 23, 2022 // Union and CVS face federal charges after UFCW officials initiated firing of worker who exercised legal right to refrain from union membership Evanston CVS employee Lynn Gray has won reinstatement after United Food and Commercial Workers (UFCW) Local 881 union officials had her illegally fired for refusing to join the union. Gray received free legal aid from National Right to Work Legal Defense Foundation staff attorneys.
Op-Ed: Why unions are striking — and winning more public support than in 50 years
November 4, 2021 // Workplace experts generally point to two reasons for this surge. First, after working so hard and often risking their lives during the pandemic, many workers believe that they deserve better pay and treatment. Second, American workers — especially long-underappreciated essential and low-wage workers — are suddenly feeling empowered because of today’s labor shortage.