Posts tagged Earnings
Writer Earnings Fell $600 Million Due to Strike and Industry Contraction, WGA Says
July 30, 2024 // TV and film writer earnings fell $603 million last year, or about 32%, as the end of “Peak TV” coincided with a 148-day strike by the Writers of Guild of America. Writer earnings, reported for dues purposes, dropped to $1.29 billion in 2023. Adjusted for inflation, that is the lowest level since the writers strike in 2007-08.
Labor regulators seek to force Starbucks to reopen six L.A. stores
December 15, 2023 // The complaint filed by the National Labor Relations Board accused Starbucks of closing stores where workers had engaged in union activity and failing to participate in collective bargaining with unionized stores. Of the 23 stores, eight had active unions at the time they were closed. The NLRB said Starbucks should reopen the 23 stores and reinstate employees who were transferred to other locations, left the company or lost their jobs because of the closures. Employees should also be compensated for lost earnings and benefits, and time they may have spent searching for new jobs.
Anderson Economic Group, LLC Reports Strike-Induced Auto Industry Losses Exceed $9.3 Billion
October 26, 2023 // Anderson Economic Group, LLC, a boutique economic consultancy based in Michigan, has calculated that the 2023 UAW strike against Detroit’s three top automakers has surpassed $9.3 billion in economic losses for the auto industry. These calculations encompass losses through the fifth full strike week, which ended at midnight on October 19. These figures do not include plant closures, additional strike targets, or layoffs that took effect on or after Friday, October 19. These will be included in our loss calculations in the sixth and any successive weeks. OEM stands for Original Equipment Manufacturer, in this case referring to Ford, GM, and Stellantis.