NORTH MISSISSIPPI — The Tennessee Valley Authority (TVA) is freezing the base pay of about 3,500 managers and specialists until 2013. The Chattanooga Times Free Press quotes TVA president Tom Kilgore, who said today the federal utility is joining the two-year pay freeze that Congress adopted for two million other federal employees. Although TVA is [...] [...]
STARKVILLE — As StatePride continues to gain momentum, the four-year fundraising initiative is providing income for faculty awards and student scholarships at Mississippi State University. Mississippi State will award $1 million to 400 members of its faculty base in one-time $2,500 financial awards. The awards recognize outstanding performance in keeping with the university’s tri-fold mission [...] [...]
WASHINGTON — Real average hourly earnings for all employees was unchanged from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reports. This result stems from a 0.3 percent increase in average hourly earnings, which was offset by a 0.3 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). Real [...] [...]
WASHINGTON — The trade-weighted average of hourly compensation costs in U.S. dollars for all employees in manufacturing among 32 foreign economies was 85 percent of the U.S. level in 2008, increasing from 82 percent in 2007, according to data issued by the U.S. Bureau of Labor Statistics. Compensation costs relative to the United States rose [...] [...]
HATTIESBURG — Hattiesburg city employees earned more than $1 million in overtime last year. The Hattiesburg American reports that one fire department engineer’s overtime boosted his paycheck above the fire chief’s. The Hattiesburg American requested and analyzed salary reports for the information. It says the fire department engineer got $34,876 in overtime — doubling his [...] [...]
NAGOYA, Japan — Toyota Motor Corp. is open to raising the wages of workers in China, where a series of strikes have disrupted its operations in that fast-growing market, the automaker’s president said today. Akio Toyoda said raising wages in China would bring some benefits, like helping to create a middle class of consumers who [...] [...]
Real average hourly earnings for all employees rose 0.1 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reports. This increase stems from a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U) while average hourly earnings remained unchanged. Real average weekly earnings rose 0.4 percent over [...] [...]
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 [...] [...]
Loading ...