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Amazon worker group in New York withdraws petition for union vote

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A group of Amazon.com Inc workers in New York City’s Staten Island have withdrawn a petition to hold a union election, marking a setback in a growing push by organized labor to bring the online retailer’s staff into the fold.

The group, known as the Amazon Labor Union, which is not affiliated with a major U.S. union, filed its petition last month, joining union campaigns underway at Amazon facilities in Alabama and Canada.

In order to hold an election supervised by the U.S. National Labor Relations Board, unions must show that they have gathered signatures of support from at least 30% of workers who are eligible to vote.

Chris Smalls, president of the group and a former employee at the Staten Island warehouse, said Friday the group opted to withdraw its petition after the NLRB informed them they had not collected enough signatures.

“We will resubmit as soon as we can,” Smalls said in an interview, adding that he was signing more cards with workers “as we speak.”

Amazon handily beat back an effort by the Retail, Wholesale and Department Store Union (RWDSU) to organize its Bessemer, Alabama, warehouse earlier this year. But unions have continued to organize, with the RWDSU gearing up for a potential rematch https://www.reuters.com/business/retail-consumer/amazon-takes-another-swipe-union-alabama-rematch-looms-2021-11-04 in Alabama.

Amazon spokeswoman Kelly Nantel said in a statement that the company is focused on “listening directly to our employees and continuously improving on their behalf.”

Amazon raised doubts last month about whether the Amazon Labor Union had gathered enough legitimate signatures to hold a union election.

Unions and companies often tangle over which employees should be eligible to vote in elections, with employers pushing for broader bargaining units to dilute support, labor experts say.

Smalls said he collected some 2,000 signatures to request an official vote through the NLRB, and has since submitted additional signatures.

Nantel told Reuters Amazon has more than 6,000 employees at the JFK8 fulfillment center and more than 9,600 across its Staten Island campus.

Unions typically try to gather signatures from 50% to 70% of workers to give themselves a cushion if some cards are challenged by employers, and to ensure they can withstand anti-union campaigns by companies before workers ultimately vote, labor experts say.

Amid a wave of labor activity at Amazon warehouses, the Staten Island campaign stands apart in that it is advancing outside the umbrella of a traditional labor union. Smalls rose to prominence last year when Amazon fired him, alleging he violated a paid pandemic-related quarantine when he showed up at his facility to protest work conditions. Smalls later filed https://www.reuters.com/article/us-health-coronavirus-amazon-com-lawsuit-idCAKBN27S34E a class-action suit against Amazon.

The news of Amazon Labor Union’s withdrawal of its petition was previously reported by Bloomberg.

(Reporting by Julia Love and Jeffrey Dastin; Editing by Chris Reese, David Gregorio and Daniel Wallis)

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

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TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

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ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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Thomson Reuters reports Q3 profit down from year ago as revenue rises

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TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.

The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.

In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.

On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.

The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:TRI)

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