Tag: WPAY
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Exclusive: Walmart lays off hundreds of US employees at five e-commerce fulfillment centers
NEW YORK, March 23 (Reuters) – Hundreds of employees at five US Walmart facilities that fulfill e-commerce orders are being asked to find jobs at other company locations within 90 days, a spokesperson confirmed to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and […]
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US organizes ‘material action’ to stop SVB outages
NEW YORK, March 12 (Reuters) – US authorities on Sunday were preparing “material action” to bolster deposits at Silicon Valley Bank (SVB) and try to mitigate any wider financial fallout from the sudden collapse of the technology-based startup-focused lender counter. sources familiar with the matter told Reuters. Officials in the Biden administration worked all weekend […]
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Silicon Valley Bank employees offered 45 days of work at 1.5 times wages, FDIC email shows
NEW YORK, March 11 (Reuters) – Silicon Valley Bank employees were offered 45 days of work at one and a half times their salary by the Federal Deposit Insurance Corp, the US regulator that took control of the collapsed lender on Friday, according to an email to employees seen by Reuters. Workers will be enrolled […]
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Air Canada pilots complain of ’embarrassing’ pay gap with US after Delta deal
MONTREAL, March 3 (Reuters) – Air Canada (AC.TO) pilots are pushing for higher wages ahead of new contract talks, following recent gains made by pilots at US airline Delta Air Lines (DAL.N), union representatives told Reuters. A contract between Delta and its pilots that went into effect Thursday provides a 34% pay increase over four […]
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Starbucks CEO Schultz may be ordered to testify at the U.S. Senate labor hearing
WASHINGTON, March 2 (Reuters) – U.S. Senator Bernie Sanders declined Thursday to backtrack on calls for Starbucks Corp. (SBUX.O) interim Chief Executive Officer Howard Schultz, who steps down this month, to testify at a hearing on compliance with labor law. Starbucks reiterated Thursday that it has no plans to send Schultz to a U.S. Senate […]
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Blackstone’s Schwarzman received more than $1 billion in remuneration, dividends, in 2022
Feb. 25 (Reuters) – Chief Executive Officer of Blackstone Inc (BX.N), Steve Schwarzman, took home about $1.26 billion in wages and dividends for 2022, a filing showed. Schwarzman received more than $1 billion in dividends from his Blackstone stock and $253.1 million in compensation, the filing showed Friday. Goldman Sachs Group Inc (GS.N) cut compensation […]
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Strike at German airports of nearly 300,000 passengers
BERLIN, Feb. 17 (Reuters) – A 24-hour strike at seven German airports, including Frankfurt and Munich, was expected to affect nearly 300,000 passengers on Friday as union workers pushed for higher wages and threatened a summer of “chaos” if their demands were not met. The strike coincided with the start of the Munich Security Conference, […]