News

Labor and Employment

Kimberly Redmond | Equities.com |

Under Armour Inc (NYSE: UA, UAA) plans to raise its minimum wage for US and Canada-based hourly workers in an effort to attract more talent, the Baltimore-based sports apparel maker announced Wednesday.

Starting June 6, Under Armour’s US hourly workers will get a minimum wage raise from $10 per hour to $15 per hour, while those in Canada will see a pay bump to C$15.25 per hour.


Reuters | Equities.com |

Amazon.com Inc was hit on Wednesday with five new lawsuits by women who worked in corporate or warehouse management roles, and accused the online retailer of gender bias, racial bias or both.

The women, ages 23 to 64, accused Amazon of favoring men over women in career growth, allowing supervisors to denigrate them, and retaliating after they complained.


Reuters | Equities.com |

Bank of America plans to raise its minimum wage for U.S. workers to $25 an hour by 2025, the latest among major firms promising to pay employees more after a year of pandemic risks and government subsidies that fueled conversations on whether companies pay their workers enough.

Bank of America's announcement on Tuesday went further than other companies with large U.S. workforces in the retail space. The figure was higher than at competitors, and the second-largest U.S. bank is also requiring its vendors to set a minimum wage of $15 an hour.


Kimberly Redmond | Equities.com |

McDonald’s Corporation is raising pay at 650 company-owned restaurants across the US as part of its effort to hire thousands of new employees.

Amid a nationwide labor shortage within the restaurant and hospitality industry, the Chicago-based fast-food giant announced Thursday it will increase hourly wages by 10% over the next few months for more than 36,500 workers.


Kimberly Redmond | Equities.com |

Uber Technologies plans to recruit 20,000 more drivers in the UK to help fill growing demand for rides as the country continues to ease COVID-19-related restrictions.

On Thursday, the San Francisco-based ride hailing company said it will sign up the additional drivers by the end of 2021, adding to the 70,000 it already has in the UK.


Kimberly Redmond | Equities.com |

Apple Inc (Nasdaq: AAPL) has unveiled plans to boost US investment to $430 billion over the next five years and double its planned hiring with the creation of 20,000 additional jobs across the country.

The company is well ahead of its five-year plan launched in 2018 that initially set a goal of $350 billion in US investment.


Reuters | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) needs to do better at taking care of its employees, Jeff Bezos said on Thursday in his final letter to shareholders as chief executive officer of the online retail giant.

Bezos’ comments came just days after Amazon warehouse workers in Alabama voted against forming a union by a more than 2-to-1 margin - a major win for the retailer that has fiercely resisted unionization for decades.


AP News | Equities.com |

A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the pace of layoffs dwindling, consumers spending freely and manufacturing rebounding.

The latest barometers point to a U.S. economy that’s steadily regaining its health as vaccinations accelerate, business curbs are lifted in many states and more people are willing to travel, shop, eat out and otherwise resume their spending habits. Though many Americans who have lost jobs or income are still suffering, hopes are rising that the benefits of the recovery will spread further in the coming months to groups of people who have yet to benefit.


AP News | Equities.com |

Walmart is moving more of its workers full time as the nation’s largest private employer looks for more ways to attract and retain employees.

The company said Wednesday it plans to have two-thirds of its U.S. store hourly jobs be full time with more consistent work schedules by Jan. 31, the end of its current fiscal year. That’s up from 53% five years ago, the company said.


Kimberly Redmond | Equities.com |

McDonald’s Corporation announced Wednesday it will launch new training and policies to prevent harassment, violence, retaliation and discrimination at its 39,000 restaurants worldwide.

The fast-food giant said restaurants, the majority of which are franchisee-owned, will be required to meet the new standards starting in January 2022.