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Amazon workers in Alabama will get another shot to unionise – Aljazeera.com

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But even with a second election, labour experts say a union victory is a long shot as Amazon will likely appeal and try to delay another vote.

A new union election for Amazon workers in Bessemer, Alabama in the United States will be held based on objections to the first vote that took place in April.

The move is a major blow to Amazon, which had spent about a year aggressively campaigning for warehouse workers in Bessemer to reject the union, which they ultimately did by a wide margin.

The rare call for a do-over was first announced Monday by the Retail, Wholesale and Department Store Union (RWDSU), which spearheaded the union organising movement. A National Labor Relations Board spokeswoman confirmed the decision but did not yet provide details.

The RWDSU charged Amazon with illegal misconduct during the first vote. In August, the hearing officer at NLRB who presided over the case determined that Amazon violated labour law and recommended that the regional director set aside the results and direct another election.

The main reason for the determination was a US Postal Service mailbox that Amazon installed in the parking lot ahead of the election, which could have left the false impression that the company was running the election. Security cameras in the parking lot could have scared off workers who thought Amazon may have been watching workers vote. About 53 percent of the nearly 6,000 workers cast ballots during the first election.

Kelly Nantel, an Amazon spokesperson, called the decision “disappointing”.

“Our employees have always had the choice of whether or not to join a union, and they overwhelmingly chose not to join the RWDSU earlier this year,” she said. “It’s disappointing that the NLRB has now decided that those votes shouldn’t count.”

Stuart Appelbaum, president of the RWDSU, sees the NLRB decision as a victory.

“Today’s decision confirms what we were saying all along – that Amazon’s intimidation and interference prevented workers from having a fair say in whether they wanted a union in their workplace – and as the Regional Director has indicated, that is both unacceptable and illegal, “ he said in a statement. “Amazon workers deserve to have a voice at work, which can only come from a union.”

But even with a second election, labour experts say a union victory is a long shot. Amazon will likely appeal and try to delay another vote. And even when an election is held, workers may choose to vote against joining a union again. Last time around, 1,798 workers rejected the union and 738 voted in favour of it.

A repeat of the election means another battle for Amazon with the RWDSU. The first election garnered nationwide attention and put a spotlight on how Amazon treats its workers. It was the biggest union push in Amazon’s history and only the second time that an organising effort from within the company had come to a vote.

Pro-union employees at the Bessemer facility said they spent 10-hour shifts on their feet in the warehouse, where online orders are packed and shipped, and didn’t have enough time to take breaks. A union could force Amazon to offer more break time or higher pay, those workers said. Amazon, meanwhile, argued that it already offered more than twice the minimum wage in Alabama plus benefits without workers having to pay union dues.

This is the second unionising attempt by Amazon workers in the past year.

A group of Amazon workers in Staten Island, New York withdrew its petition to hold a vote to unionise early in November. The workers, however, can refile a petition.

The organising effort in New York City is working without the help of a national sponsor and is being spearheaded by a former Amazon employee, Christian Smalls. He said he was fired just hours after he organised a walkout last year to protest working conditions at the outset of the coronavirus pandemic.

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Ackman’s Pershing Square takes new position in Netflix

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Billionaire investor William Ackman has built a new stake in streaming service Netflix Inc worth more than $1 billion since its stock price tumbled starting last Thursday.

Ackman told investors that his hedge fund, Pershing Square Capital Management, started buying on Friday and now owns more than 3.1 million shares in Netflix, making Pershing Square a top 20 shareholder.

In a letter to his clients, Ackman praised the company’s “best-in-class management team” and on Twitter the manager said he has long admired Netflix CEO Reed Hastings and the “remarkable company he and his team have built.”

Netflix shares climbed as much as 5% in after-hours trading. They had tumbled more than 30% in the last five days, a much steeper swoom than the broader market. After the market closed last Thursday, Netflix forecast weak subscriber growth.

Ackman, whose firm invests $22.5 billion, wrote that he had been analyzing Netflix at the same time he was investing in Universal Music Group and was ready to buy when Netflix’ “stock price declined sharply last Friday.”

“Now with both UMG and Netflix, we are all-in on streaming as we love the business models, the industry contexts, and the management teams leading these remarkable organizations.”

To raise the cash to make the Netflix purchase, Ackman said the firm unwound a big piece of its interest rate hedge which generated profits of $1.25 billion.

He said that if he had not sold the hedge, his performance would have been better. His Pershing Square Holdings lost 13.8% in the first three weeks January, the worst start to a year for the manager in years.

Last year Ackman posted a gain of 26.9% after the fund surged 70.2% in 2020.

Ackman said Netflix benefits from highly recurring revenues, adding the company has pricing power and delivers industry-leading content.

Pershing Square traditionally holds only a small number of investments which currently include Lowe’s, Chipotle Mexican Grill, and Dominos Pizza Inc.

He said these companies are high quality businesses that can withstand inflationary pressures because they are able price their products to preserve profits.

Netflix’ stock price surged during the pandemic as live performances were shut down and movie theaters were largely off limits.

The company has been a favorite with prominent investors before. Roughly a decade ago Carl Icahn, an activist investor like Ackman, took a 10% position in Netflix and thought the company might need to sell itself to a technology company as its shares were undervalued. Ackman, who has pushed other companies to perform better, appears to be approaching this investment as a friendly investor. “We are delighted that the market has presented us with this opportunity,” he wrote on Twitter.

(Reporting by Svea Herbst-Bayliss; Editing by Leslie Adler, Mark Porter and David Gregorio)

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Casual denim trend, higher prices fuel Levi’s upbeat forecast

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Levi Strauss & Co forecast annual sales and profit above analysts’ estimates after topping quarterly results on Wednesday, bolstered by higher prices and strong demand for its jeans and jackets, sending its shares up 8% after the bell.

People shopping for casual outdoor clothing as pandemic restrictions eased and a resurgence in retro fashion styles such as high-rise and loose-fitting jeans have buoyed demand for the company’s denims.

The Signature and Levi’s 501 jeans maker said it expects revenue between $6.4 billion and $6.5 billion in fiscal year 2022, compared with analysts’ estimates of $6.37 billion, according to Refinitiv IBES data.

The robust demand has, however, coincided with increased production and shipping costs, forcing companies to raise prices to offset the inflationary pressures.

Levi plans to raise prices further in 2022 and beyond, Chief Executive Officer Chip Bergh said on a call with analysts, adding that demand outstripped supply in the quarter due to supply chain snarls.

Lower promotions, more full-price selling and the reopening of its European and Asian markets also lifted the Denizen brand owner’s sales in the reported quarter.

Compared to pre-pandemic levels, Asia net revenue was flat in the three months ended Nov. 28, recovering from a 23% slump reported in the third quarter.

Net revenue rose 22% to $1.69 billion in the fourth quarter, edging past analysts’ estimate of $1.68 billion.

Excluding items, Levi earned 41 cents per share, a cent above expectations.

Holiday season sales came in above its expectations, the company said, in contrast to downbeat estimates from retailers including Lululemon Athletica Inc and Abercrombie & Fitch Co.

San Francisco-based Levi expects adjusted full-year profit per share between $1.50 and $1.56, compared with estimates of $1.52.

(Reporting by Deborah Sophia in Bengaluru; Editing by Vinay Dwivedi and Sriraj Kalluvila)

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A third of airline pilots still not flying as pandemic drags on -survey

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More than one-third of airline pilots are still not flying as the pandemic continues to take its toll on aviation globally, according to a new survey, though the situation has improved from a year earlier when the majority were grounded.

A poll of more than 1700 pilots by UK-based GOOSE Recruitment and industry publication FlightGlobal, released on Wednesday, found 62% globally were employed and currently flying, up from 43% a year earlier.

The proportion of unemployed pilots fell from 30% to 20%, while 6% were on furlough, compared with 17% previously as air traffic began to bounce back from 2020 lows.

But in the Asia-Pacific region, the worst-hit globally by a drop in international travel due to tough border restrictions, the proportion of those unemployed rose from 23% to 25%. The region also had the lowest number that were employed flying at 53%.

“We have … seen some expatriates return home from the region due to concerns over quarantine or being stuck for long periods away from friends and family,” the report on the survey said.

Hong Kong’s Cathay Pacific Airways, a large expatriate employer in Asia, has lost hundreds of pilots through the closure of its Cathay Dragon regional arm as well as almost all of its overseas bases during the pandemic.

Pilot attrition at Cathay has also been rising amid strict layover rules that leave crew members locked https://www.reuters.com/world/asia-pacific/locked-hotels-hong-kongs-covid-19-rules-take-mental-toll-cathay-pilots-2021-11-26 in hotels when they are not flying.

Of the pilots still flying globally, 61% told the survey they were concerned about their job security.

“It appears only Northern America is back to post-COVID passenger numbers,” said an unnamed captain flying in the Middle East and Africa. “The rest of the world, especially developing nations, are still struggling to get vaccines, and are still not travelling.”

 

(Reporting by Jamie Freed in Sydney; Editing by David Gregorio)

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