CHICAGO (Reuters) – What happens to Social Security if we eliminate its funding? That is the question to ask after Donald Trump signed a presidential memorandum here last weekend ordering the deferral through year-end of revenue collected under the Federal Ins... More »
BEDMINSTER, N.J. (Reuters) – President Donald Trump signed executive orders on Saturday partly restoring enhanced unemployment payments to the tens of millions of Americans who lost jobs in the coronavirus pandemic, as the United States marked a grim milestone... More »
(Reuters) – After failing to reach a deal with the U.S. Congress for a fresh round of coronavirus pandemic relief, President Donald Trump signed a series of executive orders aimed at pumping up America’s pandemic-hit economy. The orders are likely to face some... More »
WASHINGTON (Reuters) – The top Democrats in Congress are not close to a deal with the White House to pump more money into the U.S. economy to ease the coronavirus’ heavy toll, both sides said on Saturday, after an essential lifeline for millions of unemployed ... More »
WASHINGTON (Reuters) – U.S. Senate Republicans on Monday are expected to unveil a $1 trillion coronavirus aid package hammered out with the White House, a starting point for negotiations with Democrats as unemployment benefits that have kept millions of Americ... More »
WASHINGTON (Reuters) – Top aides to U.S. President Donald Trump said on Sunday they agreed in principle with Senate Republicans on a $1 trillion coronavirus relief package — the party’s opening offer in negotiations with Democrats less than a week before enhan... More »
LONDON (Reuters) – The United Kingdom’s COVID-19 death toll neared 52,000 on Tuesday, according to a Reuters tally of official data sources that highlighted the country’s place as one of the worst hit in the world. New data for England and Wales brought the to... More »
LONDON (Reuters) – About 64,000 more people than usual have died in the United Kingdom during this year’s coronavirus pandemic, an expert from the Office for National Statistics said on Tuesday. Epidemiologists say excess mortality – deaths from all causes tha... More »
LONDON (Reuters) – The United Kingdom’s COVID-19 official death toll has reached nearly 43,000, underlining the country’s status as the worst-hit in Europe and raising more questions about Prime Minister Boris Johnson’s handling of the crisis. New official fig... More »
LONDON (Reuters) – Britain’s government should extend a costly job support programme until the end of the year for retail and hospitality workers hit hardest by the coronavirus, a think tank said on Tuesday, ahead of an expected government announcement. The Re... More »
WASHINGTON (Reuters) – President Donald Trump may be open to further federal funding to help U.S. states recover funds spent battling the novel coronavirus, White House economic adviser Kevin Hassett said on Sunday as Congress weighs another possible economic ... More »
LONDON (Reuters) – Britain’s airlines want the government’s coronavirus wage support scheme to be extended beyond June, maintaining the assistance for longer with a only slow recovery in air travel expected. Airlines UK, the industry’s representative body, wro... More »
LONDON (Reuters) – The number of people in jobs in Britain grew more slowly in March than in February, official figures showed on Tuesday in an early sign of the impact of the coronavirus shutdown which is expected to hammer the jobs market. Growth in the numb... More »
TOKYO (Reuters) – Nissan Motor Co (7201.T) said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy... More »
WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said on Monday Republican and Democratic negotiators have come to terms on the “principles” of the next coronavirus relief package, which is expected to focus on more aid for small businesses and be taken ... More »
WASHINGTON (Reuters) – The two top Republicans in the U.S. Congress vowed on Saturday to oppose Democrats’ demands to match a $250 billion proposal to aid small businesses during the coronavirus pandemic with the same amount for hospitals and state and local g... More »
BRUSSELS (Reuters) – Euro zone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus, a discussion that has sown divisions as the bloc struggles with the outbreak. If they do agree, t... More »
(Reuters) – Boeing Co (BA.N) said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak. The largest U.S. planemaker said on March 23 it would halt production at ... More »
(Reuters) – Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system. ... More »
WASHINGTON (Reuters) – Americans should start receiving direct payments from the U.S. government in mid-April to help them cope with the coronavirus pandemic, but some may not see the money until mid-September, according to a congressional committee. The gover... More »
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Thursday she will form a bipartisan select committee on the coronavirus crisis to oversee the spending of $2.3 trillion that Congress has approved to respond to the pandemic. In ... More »
WASHINGTON (Reuters) – The International Monetary Fund said on Monday the relaxation of the euro zone’s fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pa... More »
WASHINGTON (Reuters) – Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula to divide up the money. In a letter dated Saturday and seen by Reuters, carriers wrote that... More »
(Reuters) – Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters. This move, known as labor sharing, ... More »
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Friday the House will set up a panel to oversee expenditures under the $2.2 trillion coronavirus relief law. Pelosi made the comment in an MSNBC interview when asked about a stat... More »
WASHINGTON (Reuters) – Some lower-paid U.S. workers could effectively get a short-term raise if they lose their jobs during the coronavirus crisis, thanks to government computer systems that rely on 1950s-era technology. Aging state mainframes do not have the ... More »
WASHINGTON (Reuters) – The U.S. Treasury secretary and the Senate Democratic leader voiced confidence late on Monday for a deal to be reached soon on a far-reaching coronavirus economic stimulus package that had been stalled in the U.S. Senate as lawmakers hag... More »
WASHINGTON (Reuters) – With the coronavirus pandemic in the United States intensifying, Senate Democrats and Republicans will scramble on Monday to come to an agreement on a far-reaching $1 trillion-plus coronavirus stimulus package after a procedural vote to ... More »
WASHINGTON (Reuters) – President Donald Trump on Thursday opened the door to a radical shift in the U.S. government’s relationship to private industry as the coronavirus outbreak upends the nation’s economy, saying he would back the government taking stakes in... More »
SYDNEY/CHICAGO (Reuters) – Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions because of the fast spreading coronavirus. The owner ... More »
OSLO (Reuters) – Norwegian headline inflation rate is forecast to ease in 2020 to 1.5 percent for the year from 2.2% in 2019, a publicly appointed commission said on Monday. With members from labor unions, employers’ federations and Statistics Norway, the comm... More »
OSLO (Reuters) – Some 9,000 workers at Finnish paper mills will start a three-week strike on Monday after wage talks broke down, their labor union said in a statement, the latest in a series of labor conflicts to hit Finland. Another 6,000 employees at sawmill... More »
(Reuters Health) – People with no more than a high school education may be less likely to die by suicide when minimum wages rise, a U.S. study suggests. Researchers examined the difference between state and federal minimum hourly wages as well as state unemplo... More »
PHNOM PENH (Reuters) – Thousands of Cambodians working for a Hong Kong-listed casino company have gone on strike for higher pay and better working conditions, they said on Thursday. About 3,000 workers joined the strike in front of the NagaWorld hotel and casi... More »
(Reuters) – Uber Technologies Inc on Wednesday informed its California customers that it would switch to providing estimates as opposed to fixed prices for its rides in response to a new law that makes it harder to qualify its drivers as contractors. In an ema... More »
PARIS (Reuters) – Four branches of France’s hardline CGT union, including railway and transport workers, threatened on Sunday to step up protests unless the government withdraws its pension reform proposal this week. In a major overhaul of France’s complex pen... More »
HARARE (Reuters) – Zimbabwe state doctors who were fired for going on strike have rejected a government offer to return to work, their union said on Friday. The doctors went on strike on Sept.3 to protest against poor wages, in some cases less than US$100 a mo... More »
LAS VEGAS (Reuters) – Retired letter carrier Leslie Maxwell Burton has a message for Democratic presidential contenders campaigning in the early voting state of Nevada this weekend: She will not vote for anyone who tries to take away her hard-won union health ... More »
(Reuters) – McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who ha... More »
DETROIT (Reuters) – Talks for a new four-year labor contract between General Motors Co (GM.N) and its striking workers took a “turn for the worse” on Sunday after the United Auto Workers rejected the largest U.S. automaker’s latest offer but the two sides were... More »
CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) Just a few years ago, Democratic politicians were debating whether to accept cuts to Social Security benefits. No more: the only Social Security reform debate w... More »
SAN FRANCISCO (Reuters) – The California State Senate voted on Tuesday to pass a bill that would make it much more difficult for gig economy companies like Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) to classify workers as independent contractors rath... More »
BERLIN (Reuters) – More than 2,000 workers at seven Amazon (AMZN.O) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday. The walkouts, under the motto ‘No more discount on our incomes”, started overnight an... More »
TOKYO/SEOUL (Reuters) – Japan will tighten curbs on exports of high-tech materials used in smartphone displays and chips to South Korea amid a growing dispute over South Koreans forced to work for Japanese firms during World War Two, the industry ministry said... More »
TOKYO (Reuters) – Japan plans to tighten restrictions on the export of high-tech material used in smartphones and chips to South Korea from July 4 in connection with a dispute over a South Korean ruling on war-time forced labor, the Sankei newspaper reported o... More »
CEDAR RAPIDS, Iowa (Reuters) – Nineteen Democratic presidential candidates delivered rapid-fire sales pitches to Iowa party leaders on Sunday, touting their ability to energize voters, win the White House and deliver on longtime party goals such as universal h... More »
SAN FRANCISCO (Reuters) – (This June 1 story has been corrected to remove reference in paragraphs 12, 14-15 to a pamphlet purporting to be from the campaign of former Vice President Joe Biden, criticizing Bernie Sanders. It was not from Biden. Corrects spellin... More »
NEW YORK (Reuters) – U.S. Representative Alexandria Ocasio-Cortez took lunch orders, served pizza and rocked the cocktail shaker on Friday to promote increased wages for restaurant servers and other tipped workers. The New York Democrat and media sensation, wh... More »
NEW YORK (Reuters) – Saving for retirement is such a lofty goal that the U.S. government has always been willing to give tax incentives to encourage people to do more of it. But times change, and the retirement reform bills that are on a fast-track through Con... More »
NEW YORK (Reuters) – Uber Technologies Inc’s drivers in New York will go on strike next week shortly before the ride-hailing company goes public to protest what they view as unfair employment conditions, a taxi union said on Friday. The protests underscore the... More »
ROSS-ON-WYE, England (Reuters) – For almost 100 years, Chris Chinn’s family has farmed asparagus in the rolling hills of the Wye Valley in western England. This year, he fears uncertainty around Britain’s departure from the European Union will keep his eastern... More »
DHAKA (Reuters) – Bangladeshi police used water cannons, tear gas and batons to disperse thousands of protesting garment factory workers on Wednesday, after they pressed their demands for higher wages by blocking roads for a fourth day. The government of Bangl... More »
CHICAGO (Reuters) – Ai-jen Poo wants to transform caregiving into real work. By “real,” she does not mean more difficult. Rather, the activist and author is seeking recognition of the value of domestic work, and to raise its status and pay accordingly. “It’s t... More »
NEW YORK (Reuters) – In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company. Well, they have got nothing on Hadas Streit. The senior vice president at the global public relations firm Allison +... More »
(Reuters) – A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by Reuters. Members of the group, Committee for Bett... More »
MEXICO CITY (Reuters) – Leftist outsider Andres Manuel Lopez Obrador won Mexico’s presidential election with a landslide on Sunday, setting the stage for a government that will inherit tense relations with Washington and the scrutiny of nervous investors. Mexi... More »
CHICAGO (Reuters) – Fewer Americans are asking Social Security to “show me the money” as soon as possible. The share of workers claiming Social Security retirement benefits at the earliest possible date has plunged in recent years. That probably reflects growi... More »
NEW YORK (Reuters) – The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with the long-running NBC television reality show and its former host who now lives in the ... More »
CANNES, France (Reuters) – Mexican-American actress Salma Hayek, a vocal campaigner against sexual harassment in the movie industry, said on Sunday male stars should get less pay as way to even things up with chronically underpaid women. A day after joining do... More »
SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) said it would stop paying financial planners bonuses for selling its products, the first of the country’s top lenders to change business practices amid a powerful inquiry into misconduct i... More »
WASHINGTON (Reuters) – U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent. The Labor Department’s closely watched employment r... More »
BOSTON (Reuters) – A union of Caesars Entertainment Corp employees on Thursday asked its board to remove several private equity representatives from the compensation committee, citing high pay for top executives as Caesars’ operating unit emerged from bankrupt... More »
BERLIN (Reuters) – The German state of Thuringia is ready to offer assistance to carmaker Opel in order to keep open the region’s Eisenach plant, state premier Bodo Ramelow told Reuters on Monday. The state could help with energy costs and property, he said, b... More »
FRANKFURT (Reuters) – Ryanair (RYA.I) made an offer last week to formally recognize labor union Verdi to represent cabin crew in Germany, Verdi said in a statement on Monday. “We welcome this first step toward collective bargaining,” Verdi board member Christi... More »
SEOUL (Reuters) – General Motors Co’s (GM) South Korean unit dropped a plan for a vote on a bankruptcy filing after reaching a tentative wage deal with its labour union on Monday that helped the U.S. automaker win concessions on pay, bonuses and benefits. GM s... More »
SEOUL (Reuters) – The South Korean government said on Monday it would join forces to help normalize General Motors Co’s South Korean unit. The government said in a statement that it respected a tentative wage deal struck between the company and the union. Sour... More »
OKLAHOMA CITY/TULSA, Okla. (Reuters) – High school physics teacher Craig Hoxie filed to run for Oklahoma’s House of Representatives on Friday, a day after the end of a two-week teacher walkout that had pressed lawmakers for school funding. “A week ago, I would... More »
DETROIT/SEOUL (Reuters) – General Motors Co’s (GM.N) president said common ground must be reached on a long-term financial restructuring of GM’s South Korean auto unit by next Friday and if there was none, the operation would likely seek bankruptcy protection.... More »
BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation. In a report ... More »
FILE PHOTO – Workers of planemaker Airbus stand in front of the main entrance during a 24-hour strike of German Metal Workers Union IG Metall in Hamburg-Finkenwerder, Germany, February 2, 2018. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Industrial workers and... More »
Newly hired employees take a break from training to pose for a group photo at the chain’s soon-to-open 54th outlet in Oakland, California ,U.S., January 24, 2018. REUTERS/Ann Saphir OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) – The kind of pay raises for... More »
BMW workers during a 24-hour strike by German industrial trade union IG Metall in Berlin, Germany, February 2, 2018. Placard reads “6% more, we find fair”. REUTERS/Christian Mang FRANKFURT (Reuters) – Car factories across Germany were at a standstill on Friday... More »
FILE PHOTO – A Wells Fargo sign is seen outside a banking branch in New York July 13, 2012. REUTERS/Shannon Stapleton BOSTON (Reuters) – Wells Fargo & Co (WFC.N) pays female and racial minority employees very close to what male and white employees earn, an exe... More »
A pedestrian walks past a BBC logo at Broadcasting House in central London October 22, 2012. REUTERS/Olivia Harris LONDON (Reuters) – Four of the highest paid male BBC journalists have agreed to pay cuts, the broadcaster said on Friday, following revelations t... More »
LONDON (Reuters) – Oscar-winning actor Eddie Redmayne said on Sunday that Hollywood’s campaign for gender equality had been “a long time coming” and that a “huge amount of change” was still needed. Speaking on the red carpet at the world premiere of his new an... More »
FILE PHOTO: Audi cars are parked in front of the company’s headquarters in Ingolstadt, Germany, March 15, 2017. REUTERS/Lukas Barth HAMBURG (Reuters) – Workers at carmakers Audi (NSUG.DE) and BMW (BMWG.DE) staged further strikes on Friday but German labor lead... More »
FILE PHOTO: Workers prepare their store for customers at a newly built Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Walmart’s tit-for-tat minimum wage battle with... More »
FILE PHOTO: A pilot disembarks a Ryanair flight at Stansted airport in London, Britain September 27, 2017. REUTERS/Clodagh Kilcoyne BERLIN (Reuters) – Ryanair’s efforts to avert its first ever pilots strike collapsed on Friday as pilots in Germany held a four-... More »
FILE PHOTO: A job seeker departs the Dr. Martin Luther King Jr. career fair held by the New York State department of Labor in New York, April 12, 2012. REUTERS/Lucas Jackson COLUMBUS, Ind. (Reuters) – When Sandy Vierling took a job at a new robot-packed factor... More »
A general view shows the Arc de Triomphe and the financial and business district in La Defense, west of Paris, France November 22, 2017. REUTERS/Gonzalo Fuentes PARIS (Reuters) – The French parliament has approved measures to cut the cost of sacking traders by... More »
Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. More »
Protesters chanted and waved banners at the opening of the BFI London Film Festival as a long-running staff pay dispute with a cinema chain spilled over into red carpet territory. More »
Hopes for higher wage growth across Britain are receding, apart from in a few sectors of the labor market that suffer from acute skill shortages, according to a report published on Monday by recruitment company Hays. More »
The European Commission wants more social protection and rights for casual workers, such as those in the "gig economy", and others with non-standard contracts to try to tackle growing social inequality. More »
Uber will face a big jump in the fee it pays to operate in London to 2.9 million pounds if the ride hailing company is granted a new license by the city's transport authority. More »
American International Group Inc's (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. More »
Businessmen walk on the esplanade of La Defense financial and business district in Puteaux, near Paris, France June 16, 2017. REUTERS/Gonzalo Fuentes The French government on Friday pledged to remove some of the charges banks pay in France and make sure they a... More »
Hiroaki Okutani (R), 57, a contract worker of Ueda Co., Ltd., wears an Atoun Inc. Power Assist Suit (AWN-03B), as he works at a distribution center in Kawasaki, Japan June 22, 2017. REUTERS/Toru Hanai Japan’s labor shortage has pushed job-hopping to its highes... More »
FILE PHOTO: A woman checks vegetables at the Biocompany organic supermarket in Berlin, January 31, 2013. REUTERS/Fabrizio Bensch/File Photo Germans’ purchasing power increased in the first quarter at its weakest rate in more than three years as inflation accel... More »
A municipal worker sweeps the street outside the cabinet office in Westminster, central London, Britain, June 9, 2017. REUTERS/Clodagh Kilcoyne British workers’ earnings after inflation contracted at the fastest pace since 2014 in the three months to April, un... More »
REUTERS/Kim Kyung-Hoon Japan’s real wages were flat in April from the same period a year earlier, with rising prices offsetting gains in nominal pay and possibly hurting households’ purchasing power. More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking/File Photo Wells Fargo & Co will offer more money in recruitment bonuses to financial advisers after competitors announced plans to pull back from recruiting, t... More »
The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo General Motors (GM.N) said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal... More »
U.S. consumers are taking out debt at a far faster rate than their incomes or the economy are growing, and just as we may be hitting a peak in employment. More »
Brazil’s President Michel Temer listens to questions from the media during LAAD, the biggest military industry expo in Latin America in Rio de Janeiro, Brazil, April 4, 2017. REUTERS/Pilar Olivares Brazil’s President Michel Temer would veto clauses of a bill t... More »
Narayana Murthy, founder of Infosys Limited, speaks during a dialogue session at the Asian Financial Forum in Hong Kong January 19, 2015. REUTERS/Bobby Yip The dispute between the founders and the board of India’s second largest software services company Infos... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo For the first time in more than a decade, Goldman Sachs Group Inc (GS.N) has managed to avoid any proxy battles with activist shareholders b... More »
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009... More »
A logo of Toyota Motor Corp is seen at the company’s showroom in Tokyo, Japan June 14, 2016. REUTERS/Toru Hanai/File Photo Toyota Motor Corp (7203.T) on Wednesday said it had agreed to a more modest wage rise than last year, as uncertainties about the global b... More »
U.S.-based Spanish-language actors and other performers at Telemundo Television Studios LLC have voted for the first time to form a union, which many of them say is necessary to address inequities between them and English-speaking actors. More »
