U.S. union and Apple reach tentative labor agreement

U.S. union and Apple reach tentative labor agreement


People line up outside the New York Apple Store on February 2, 2024, as the Vision Pro headset is released in US Apple stores. The Vision Pro, the tech giant’s $3,499 headset, is its first major release since the Apple Watch nine years ago.

Angela Weiss | AFP | Getty Images

The International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement with tech giant Apple on Friday over improvement in work-life balance, pay raises and job security.

Workers at the Towson, Maryland, Apple retail store will vote on the tentative agreement on Aug. 6.

The tentative three-year agreement includes an average pay raise of 10%, limits on contracted employees and a severance clause, improvement in work-life balance and rules on transparency. The deal will maintain all current benefits and an agreement to bargain over any future additions.

Workers at Apple’s Towson store voted in favor of authorizing a strike in May.

In June 2022, Apple workers at Maryland voted to join the International Association of Machinists and Aerospace Workers union, becoming the first retail employees of the tech giant to unionize in the United States.

Apple did not immediately respond to a request for comment.



Source

OpenAI restructure plan gets SoftBank blessing as AI startup reportedly renegotiates Microsoft terms
World

OpenAI restructure plan gets SoftBank blessing as AI startup reportedly renegotiates Microsoft terms

OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025. Carlos Barria | Reuters OpenAI said last week that it would restructure in a format that allows its non-profit entity […]

Read More
Germany’s business leaders have a message for the country’s new government: It’s time to deliver
World

Germany’s business leaders have a message for the country’s new government: It’s time to deliver

TEGERNSEE, GERMANY — Top German business leaders, economists and politicians descended onto a small, picturesque Bavarian town situated next to the iconic Tegernsee lake last week to share their hopes and discuss what’s at stake for the new government. Buoyed by recent positive market sentiment for Europe’s largest economy, attendees at the summit were united […]

Read More
Honda Motor reports 76% plunge in operating profit in huge earnings miss
World

Honda Motor reports 76% plunge in operating profit in huge earnings miss

Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36 trillion […]

Read More