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.
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.
CALIFORNIA | LOCAL
March 14, 2013 |
SACRAMENTO - The decision to furlough state employees during the financial crises of recent years may have saved money in the short term but will leave a big bill down the road, the Legislature's budget advisors said Thursday. The state will owe $1 billion extra to many workers when they retire or quit, for vacation time that went unused while they were being forced to take unpaid days off. The furloughs were intended to save $5 billion from February 2009 to July 2013, effectively cutting workers' pay 5% to 14%. The $1 billion for unused vacation - some in excess of state accrual limits - will eat into those savings, according to a report by the nonpartisan Legislative Analyst's Office.
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.
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.
CALIFORNIA | LOCAL
July 11, 2013 |
City workers moving a pile of dirt at a park in Manhattan Beach found a body wrapped in a bag, authorities said Thursday night. The grisly discovery was made about 3:30 p.m. near a baseball diamond in the 1500 block of North Peck Avenue, authorities said. Los Angeles County Sheriff's Department homicide investigators are on the case, the department said in a statement. Due to the condition of the body, officials said, identity will have to be determined by the Los Angeles County coroner's office.
September 24, 2012 |
A brawl involving about 2,000 workers broke out Sunday night at a dormitory that houses Foxconn employees in China's Shanxi province. Forty people were taken to hospitals for medical attention and "a number" of individuals were arrested, Foxconn Technology Group said in a statement. The official New China News Agency put the number of injured at 10. Foxconn, a major supplier to many of the world's electronics giants, is perhaps best known as a maker of Apple products, including iPhones.