Posts tagged pay raise
UAW and Ford reach tentative contract deal with Ford after 45 days on strike
October 26, 2023 // “We told Ford to pony up, and they did,” President Shawn Fain said in a video address to members. “We won things no one thought possible.” He added that Ford put 50% more money on the table than it did before the strike started on Sept. 15. UAW Vice President Chuck Browning, the chief negotiator with Ford, said workers will get a 25% general wage increase, plus cost of living raises that will put the pay increase over 30%, to above $40 per hour.
UPS shippers may face double-digit rate increases in wake of contract
July 27, 2023 // UPS Inc. shippers should brace themselves for double-digit general rate increases (GRI) in 2024 as the transport and logistics behemoth looks to recoup the “astronomical” cost increases from its tentative five-year contract with the Teamsters union, a transport executive said. Tom Nightingale, CEO of AFS Logistics Inc., a non-asset-based provider that negotiates, audits and pays about $4 billion in annual parcel spend, told FreightWaves that the “real” GRI, which is generally what shippers pay based on their shipment profiles and after add-on accessorial and fuel surcharges, will probably be in the 11% and 12% range. The headline GRI, which often doesn’t reflect what shippers actually pay, will likely be in the high single digits, which would be a second consecutive record. It should be announced by Thanksgiving. Last year’s record UPS GRI of 6.9% (NYSE: UPS) turned into an actual GRI of close to 9% after all factors were incorporated into the calculations. Nightingale, whose company keeps close tabs on this data, said his customers were “gobsmacked” when they were told late last year what they would actually be paying in 2023. FedEx Corp., (NYSE: FDX) UPS’ chief rival, had already hit the market with the same record increase. The GRIs, though technically increases on tariff rates, often dictate what shippers will pay in their contracts unless they can negotiate them down.
Judges block Tennessee law banning teacher group from deducting member dues from paychecks
July 3, 2023 // The group’s lawsuit contends that combining the two changes into one bill violates a single-subject requirement for legislation under the Tennessee Constitution. The challenge calls for a judge to leave the pay raise in place, but block the deductions ban. The association says the ban will cost the group money and diminish its own revenues, which come entirely from member dues.
UFT’s new contract reminds teachers of union’s past failures
June 27, 2023 // In 2014, UFT secured a complex contract with New York City that included retroactive back pay for teachers that would be paid out over several years. However, the contract excluded teachers who retired or left the profession before 2015. Over 4,000 teachers never received back pay, which for some could have been as much as an 8% pay bump. The affected teachers were outraged. In response, American Federation of Teachers (AFT) President Randi Weingarten said, at the time, “Would UFT have liked it for all—of course; but not unprecedented practice [to not pay the teachers who retired].” UFT is an affiliate of AFT. Then, in 2020, after several years of payments, New York City informed UFT that it did not have enough money in its budget to finish the retroactive payments due to a pandemic-induced budget shortfall. UFT blamed New York City for delaying the payment for all teachers, and an arbitrator ruled the city must make the payments. UFT President Michael Mulgrew said, “This is far from a perfect solution for thousands of our members who are still owed deferred wages that can go back as far as years.” He explained, “The decision … makes it clear that the city must find a way to meet its financial obligations to its educators.”
West Coast dockworkers making $200K demand higher pay
June 12, 2023 // International Longshore and Warehouse Union (ILWU) dockworkers handle cargo across the West Coast, including at the major container gateways of Los Angeles, Long Beach and Oakland in California, and Seattle and Tacoma in Washington. The ILWU is demanding wages and benefits in the next five-year contract that reflect dockworkers’ role in the COVID-era import boom, a one-off event that ended last year. The prior contract expired July 1, 2022. The union cited the decrease in member wages and benefits as a share of the revenues of terminal employers and ocean carriers represented by the Pacific Maritime Association (PMA).
More than 7,000 nurses from 2 New York City hospitals on strike over staffing concerns
January 12, 2023 // Tentative contract agreements were reached with a majority of the hospitals under strike warnings. However, Mount Sinai Hospital, representing approximately 3,625 nurses, and Montefiore Bronx, representing approximately 3,500, have been unable to come to a deal.
New Haven teachers contract calls for big pay increases for educators
November 16, 2022 // NEW HAVEN —The city Board of Education approved a new contract with teachers that will increase salaries nearly 15 percent over three years and eventually raise the starting salary for new teachers to $51,421. The district did not immediately share the cost impact of the contract or the ratified document, saying corrections had to be made before it could be released.
Railroad worker negotiations head off the rails over paid sick leave
October 26, 2022 // November 17, the two largest unions announce their votes, and a few days later the deadline for BMWE's cooling off period expires. The possibility of a holiday strike looms.