During pandemic, more workers being replaced by robots, new study finds
PHILADELPHIA — The coronavirus pandemic is accelerating the trend of robots replacing humans in the workplace, which could result in a recovery from recession that nonetheless costs jobs, according to a new report.Workers whose jobs can be done by machines suffered more layoffs per capita than those with jobs that aren’t as easily automated, the Federal Reserve Bank of Philadelphia said in a report released Monday. People of color were especially harmed, possibly because of their concentration in service jobs at risk of automation.The report noted that most job losses during the health crisis ...
The Philadelphia Inquirer
Kraft Heinz will cut $2 billion in costs and will reinvest in its brands
CHICAGO — Kraft Heinz plans to cut $2 billion in costs over the next five years and put the savings into marketing brands with the highest potential for growth, part of a reorganization the legacy food maker hopes will make it more relevant to consumers.The strategy, announced Tuesday at the company’s investor day, is reminiscent of the deep cost-cutting that took place after the 2015 merger of Kraft Foods and H.J. Heinz, which led to the layoffs of thousands of employees.But CEO Miguel Patricio, who took the helm of the company in July 2019, said he is taking the company in a different direct...
$10 billion in Wells Fargo cost cuts will mostly be layoffs, take several years
Wells Fargo’s plan to cut billions of dollars in expenses will mostly consist of layoffs and potentially take as long as four years, Chief Financial Officer John Shrewsberry said in a Monday presentation to investors.In July, the bank said it intended to cut roughly $10 billion in annual expenses, about a fifth of its yearly $54 billion in spending.The move came after Wells Fargo announced its first quarterly loss in over a decade in July. Those cuts will come from “a little bit of everything,” but “mostly people,” said Shrewsberry, who plans to retire later this year.“$10 billion isn’t a hard...
The Charlotte Observer
Despite obstacles, essential worker wages are up slightly during COVID-19
SAN DIEGO — In the early days of the pandemic, grocery worker Roger McCullough was taken aback by the praise he’d regularly receive from customers. Even a member of the military thanked him for his service. But, then things started to change.McCullough, 55, who’d worked at Vons for 30 years, said customers grew more frustrated with workers about everything from having to wear a mask to items being out of stock. It didn’t help when his Vons made national news for a customer wearing a Ku Klux Klan hood in the store, and people criticized workers for not beating up the hood-wearing patron.But, it...
The San Diego Union-Tribune
COVID-19 is causing workers to reassess career choices: 'The pandemic has required people to do a lot of soul-searching'
SEATTLE — A layoff during a pandemic was something Alissa Berry was determined to turn into a positive.After more than 20 years in senior manager and director positions for mainly big technology firms, an unemployed Berry in April suddenly had loads of free time to reassess her career. For two months, she analyzed what she was passionate about before landing at a beverage company with fewer than 500 employees.“The biggest thing I did was that I allowed myself to take the time to really sit down and reflect,” the Seattle said. “For me, it was really reevaluating what I loved and the values I wa...
The Seattle Times
Developmentally disabled hit hard with pandemic job losses
DETROIT — When COVID-19 hit, one segment of the workforce was hit especially hard: people with developmental disabilities.Employment advocates across the country are working to overcome challenges amid the pandemic to keep their clients engaged in training and employed. They’re balancing the availability of jobs with the safety of their clients and the comfort levels of their families.Laquita Parker, 46, builds snack boxes for patients as she works as a dietary aide at StoneCrest Center in Detroit. Parker is among five dietary aides with a developmental disability who work at the center.“In Fe...
The Detroit News
United Airlines plans to furlough 16,370 employees Oct. 1 unless it gets more federal aid
CHICAGO — United Airlines plans to furlough 16,370 employees this fall as the coronavirus pandemic continues to take a toll on air travel.In a memo to employees, Chicago-based United said additional funding from the federal government is “the one thing” that could prevent job cuts and delay the impact on employees until next year.Airlines already received billions of dollars through the federal coronavirus aid package this spring, in exchange for agreeing to avoid layoffs before Oct. 1. But demand for travel remains sharply reduced, and United executives have said they don’t expect flying to r...
Ford wants to cut 1,400 salaried jobs in US: Who is targeted
Ford Motor Company alerted its employees early Wednesday during a weekly virtual global meeting that the automaker plans to trim its headcount by 1,400 salaried workers by offering them an opportunity to retire this year if they meet certain qualifications.Kumar Galhotra, president, Americas & International Markets Group, who oversees the profit and loss of the business units, told workers the news. He then followed up with an email containing details around 9 a.m.The letter from Galhotra emailed to Ford employees said:“We’re in a multiyear process of making Ford more fit and effective around ...
Detroit Free Press
Riley Reiff remains with the Vikings under a reworked deal
After a tense 24 hours where it appeared the Vikings might be remaking their offensive line again, they will head into the season with their starting left tackle still on the roster.Riley Reiff agreed to a restructured contract that will keep him in Minnesota, NFL sources confirmed on Tuesday afternoon, a day after Reiff took time away from the team to consider his options.The Vikings, who had just over $200,000 in salary cap space after Sunday’s trade for defensive end Yannick Ngakoue, approached Reiff with a reworked deal that would help the team clear cap room. It’s believed the new deal wi...
Star Tribune (Minneapolis)
The loss of employer-sponsored health insurance can be a serious concern for older people
Michael Kerr thought he would be back to work by now. When the 52-year-old from Reading, Pa., was put on furlough from his retail manager position in mid-March, he figured the business would reopen by April, reinstating him and other employees.But as his furlough dragged on into June, he realized his job loss would become permanent, leaving him without income or his employer-sponsored health insurance.“I felt like I needed to cover myself in bubble wrap and stay in the house,” he said. “Every ache and pain got a little bit more scary.”Kerr is one of millions of American workers who have lost t...
The Philadelphia Inquirer