March 16, 2011 |
American workers are more downbeat than ever about their prospects for retirement, a new study has found. But that also means they are starting to realize how bad their financial condition is. Confirming the findings of other recent research, a survey by the Employee Benefit Research Institute found workers growing increasingly doubtful about their ability to finance comfortable retirements. The results were released Tuesday. The percentage of workers describing themselves as "not at all comfortable" about their retirement outlook jumped to 27% from 22% a year ago. Only 13% are "very confident.
June 16, 2010
An inevitable consequence of a country's economic development is that its workforce comes to expect more. More schooling, better jobs, more money. That's what happened in the United States and Japan in the last century, and now it's happening in China, which has seen a series of labor strikes at Honda Motor Co. factories and a spate of suicides at the electronic components plants belonging to Foxconn Technology Group. Younger, better-educated factory workers with aspirations to join China's urban middle class want higher wages and more humane working conditions.
October 20, 2011 |
Biotech giant Amgen Inc. is laying off about 380 employees in its research and development division, saying it is restructuring operations to focus on new drugs in later, more expensive stages of development. "We're focusing on therapies that are promising," said Mary Klem, a spokeswoman for the Thousand Oaks company. "It's very expensive to conduct clinical trials. The patient population gets bigger at each phase. That's the crux of what is causing us to make these strategic changes.
March 28, 2014 |
MOSCOW -- A Siberian dairy plant was temporarily closed Friday after its workers had been found bathing in milk, a Russian consumer oversight agency reported. Trade House Cheeses, a dairy producer in Omsk, about 1,600 miles east of Moscow, was closed for 90 days by regional authorities for an urgent inspection after complaints resulting from photographs and a video posted by one of its employees on a Russian social network. In the photographs and video clips posted on New Year's Eve by worker Artyom Romanov, a group of undressed employees relax in a container of milk as part of their celebration.
December 7, 2012 |
Workers are getting a smaller piece of the pie in booming China and economically stressed Europe alike, the United Nations labor agency said Friday, chalking up the trend to technological strides, globalization and the weakening muscle of labor unions. Worldwide, average wages grew 1.2% last year, the International Labor Organization said in a newly released report based on available data. But the bulk of that growth was powered by China. If the Asian powerhouse is counted out, wages barely budged last year, damped by the economic crisis.
CALIFORNIA | LOCAL
October 24, 2013 |
SAN FRANCISCO - After the deaths of two workers on BART tracks, the commuter rail system's directors Thursday permanently ended the practice of making employees on the tracks solely responsible for their own safety. The directors of Bay Area Rapid Transit approved a policy that will require train operators or drivers to slow to 25 mph and be prepared to stop when approaching workers on or near the tracks. The change, expected to cause delays in passenger service, is being made after the deaths Saturday of two workers inspecting tracks when a train hit them at 60 to 70 mph. They were working under a procedure called "simple approval" that gave them no warning of approaching trains and required one of them to act as a lookout.
February 3, 2014 |
SOCHI, Russia -- The International Olympic Committee said Monday that it has intervened on behalf of workers who built venues and surrounding infrastructure at the 2014 Sochi Games. IOC President Thomas Bach said his organization found "concrete information" regarding the mistreatment of the workers. The IOC subsequently met with Russian Deputy Prime Minister Dmitry Kozak and an ombudsman for human rights regarding outstanding payments to the workers. "As a result," Bach said, "we found that 227 million rubles had been paid to workers in 13 companies.
January 29, 2010 |
Acting quickly on a pledge in his State of the Union address, President Obama today will unveil a proposal to give a tax credit of up to $5,000 to companies for every new employee they add to their payrolls this year. A separate measure would offset the additional Social Security taxes that employers pay for boosting wages or hours of existing workers. Both programs, which combined would cost an estimated $33 billion and require congressional action, are aimed at spurring small businesses to move swiftly to hire new employees and bolster an economy that is technically growing but reeling from double-digit unemployment.
July 17, 2013 |
If you are a full-time employee, consider yourself lucky: Medical benefits are available to 85% of private-sector workers who work full time, according to a government report released Wednesday. By comparison, only 24% of part-time workers had employer-provided medical benefits, the U.S. Bureau of Labor Statistics reported. The government survey covered medical, retirement and other types of benefits typically offered by employers as of March 2013. 10 fastest-growing jobs in California In the aftermath of the recession and as employers prepare for President Obama's healthcare law to be implemented, there has been a sharp rise in part-time employment and other contingent work. About 8.2 million Americans are working part time involuntarily, according to BLS figures . These workers are unable to get full-time work due to slack economic conditions or a lack of full-time positions available.
November 29, 2012 |
Apparently fans of the Atlanta Falcons aren't too pleased with the New Orleans Saints for giving their beloved team its only loss of the season earlier this month. Apparently some workers at Hartsfield-Jackson Atlanta International Airport are among those fans. Apparently some eggs just happened to be lying around outside. And apparently things weren't too busy at the airport Wednesday night, when three members of the Saints tweeted their bus was pelted with eggs by airport workers after the team touched down in Atlanta.