Word: wages
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Union representatives and members of the Harvard community petitioned the City Council yesterday in response to the University’s low-wage worker cuts. The resolution that came before the Council proposed an economic stimulus package in which the City of Cambridge would exempt Harvard from its payment in lieu of taxes (PILOT). The resolution’s sponsor, Counsellor Marjorie C. Decker, said that the resolution is a symbolic method to highlight the absurdity of the layoffs. At the last Council meeting, Decker said she thought this type of gesture would shame Harvard into halting layoffs...
Ultimately, the final decision about the fate of The Globe rests with its unions. The prospect of considerable wage cuts is an unfortunate reality for union members to confront, but the terms offered by The New York Times Co. are undeniably preferable to the total loss of jobs and wages that would accompany the closure of the newspaper. The unions should consider their own immediate and long-term interests, as well as those of their paper, and be willing to accept substantial cuts. Print journalism faces a wide range of challenges in today’s changing media environment...
...Democratic Administration is telling hard truths to the union. On that score, Obama's toughness has gained him some street cred in business circles - even drawing faint praise from a Wall Street Journal editorial. The task force has made it clear that GM can't afford the renegotiated wage-and-benefits package the UAW agreed to in 2007. Even using GM's best-case scenario, the company projected a negative net cash flow of $14.5 billion over the next six years. Most of that deficit can be accounted for in retiree health and pension benefits - which means that...
...this gut-wrenching downturn, the Germans and the Japanese are no longer alone. "It's happening a lot," says Raymond Torres, director of the ILO's International Institute for Labor Studies. "People are trading off their jobs for wage cuts and other measures." There's even some anecdotal evidence that it's starting to happen in the U.S., where companies have traditionally not hesitated to lay off staff in a downturn; last month the New York Times announced a 5% pay cut for some of its staff in return for extra vacation days...
...ears in host countries, where unskilled foreign laborers not long ago were welcomed as useful contributors to economic development. The Malaysian Trade Union Congress (MTUC) once campaigned for the protection of migrants' rights. But now they too are sounding alarm bells about the threat illegal workers pose to ordinary wage-earning Malaysians. "Many remain in the country," says Rajasegaran Gopal, the MTUC's secretary general. "We have a foreign worker time bomb ticking away...