After what the company called a “difficult and disappointing” 2023, UPS said the cuts would save $1 billion this year.
Category: Wages and Salaries
-
Walmart Offers Store Managers Company Stock to Make Them Feel Like ‘Owners’
The retailer has been raising wages for store associates. It’s now turning its attention to improving salaries and benefits for their bosses.
-
Economists Predicted a Recession. So Far They’ve Been Wrong.
A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
-
German Rail Workers Strike Over Pay and Hours
The walkout, one of the most significant to hit the country’s train service in years, is expected to affect long-distance and commuter travel nationwide.
-
How One DEI Initiative Changed Course With the Times
Amid a fresh backlash against D.E.I. efforts, OneTen met resistance as a program for Black workers only. It has shifted its emphasis to “equity for all” and a more hands-on approach.
-
Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down
Inflation remains faster than usual — and month-to-month bumps are still likely as volatile prices fluctuate — but it is making progress back toward a normal pace.
-
U.S. Added 216,000 Jobs in December, Outpacing Forecasts
Hiring has throttled back from 2021 and 2022, but was impressive last year by longer-term standards.
-
Brisk Wage Gains in December Could Keep the Fed Watchful
Average hourly earnings climbed 0.4 percent from the previous month, and 4.1 percent compared to a year earlier. That was faster than economists expected.
-
What Investors and the Fed Will Look For in the Jobs Report
All eyes will be on the latest nonfarm payrolls data scheduled for release on Friday. Here’s what to look out for.
-
Southwest Airlines Reaches Deal With Pilots Union
The new contract would provide raises and better benefits, following similar deals at other big airlines.
-
U.K. Inflation Unexpectedly Cools to 3.9 Percent, Lowest in 2 Years
Price growth slowed as fuel costs declined and food inflation continued to ease.