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

China’s reports third-quarter GDP growth of 4.6%, slightly beating expectations
World

China’s reports third-quarter GDP growth of 4.6%, slightly beating expectations

China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy. Str | Afp | Getty Images China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of […]

Read More
Asia markets mixed as investors assess China economic data, Japan CPI
World

Asia markets mixed as investors assess China economic data, Japan CPI

The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP) WANG ZHAO | AFP | Getty Images Asia-Pacific markets opened mixed Friday, as investors assessed key economic data from China and Japan’s inflation numbers. China’s third-quarter GDP growth rate came in at 4.6% compared to the […]

Read More
Intel seeks billions for minority stake in Altera business, sources say
World

Intel seeks billions for minority stake in Altera business, sources say

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel is looking to sell at least a minority stake in its […]

Read More