SOUTH MISSISSIPPI — Union workers at AT&T Mobility in South Mississippi have voted on whether to strike as part of an effort to get an in increase wages and benefits. Eric Cox, treasurer for the Communications Workers of America Local 3519, said the company’s 400 employees are in contract negotiations. The workers, who handle customer [...] [...]
WASHINGTON — The Obama administration’s pay czar is reducing 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and has no strategy for repaying its $16.3 billion taxpayer bailout, according to people familiar with the negotiations. The people say only one of the 25 highest earners at [...] [...]
NEW YORK — Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, New York state Comptroller Thomas DiNapoli said today. Total compensation at the largest securities firms grew beyond that figure and profits could surpass what he calls an unprecedented [...] [...]
Real average hourly earnings was unchanged from Dec. 2009 to Jan. 2010, seasonally adjusted, the Bureau of Labor Statistics reports. A 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U) was offset by a 0.2 percent increase in average hourly earnings for all employees. Real average weekly earnings grew 0.3 percent [...] [...]
The U.S. Department of Labor’s Wage and Hour Division has resolved a lawsuit against Houston-based Universal Project Management Inc. and Irving, Texas-based Fluor Enterprises Inc. for failing to pay $1million to 154 workers in overtime compensation in the wake of Hurricane Katrina as required by the Fair Labor Standards Act (FLSA). “Workers who help rebuild [...] [...]
Median weekly earnings of the nation’s 98.7 million full-time wage and salary workers were $748 in the fourth quarter of 2009, the U.S. Bureau of Labor Statistics reports. This was 2.7 percent higher than a year earlier, compared with a gain of 1.4 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over [...] [...]
WASHINGTON — Median weekly earnings of the nation-s 100.1 million full-time wage and salary workers were $738 in the third quarter of 2009, the U.S. Bureau of Labor Statistics reports. This was 2.5 percent higher than a year earlier. The Consumer Price Index for All Urban Consumers (CPI-U) fell by 1.6 percent over the same [...] [...]
Real average hourly earnings fell 0.1 percent from August to September, seasonally adjusted, the Bureau of Labor Statistics reports. This decline stemmed from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), up by 0.2 percent, outpacing 0.1 percent growth in average hourly earnings for production and nonsupervisory workers. Real average weekly [...] [...]
Employers spent an average of $1.29 for employee retirement and savings plans for every hour worked in June 2009, the Bureau of Labor Statistics reports. This accounted for 4.4 percent of total compensation. Total compensation (wages and salaries and benefits) for civilian workers averaged $29.31 per hour worked in June 2009. Wages and salaries, which [...] [...]
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