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...
Trump promotes tweet that calls him a dictator fanboy
President Donald Trump promoted a tweet from a Daily Beast columnist that repeated his claim Russian leader Vladimir Putin and North Korean dictator Kim Jong-un are more mentally competent than Democratic presidential nominee Joe Biden. That tweet also mocked the president for fawning over tyrants.“Trump claims that Putin and Kim Jong-un are more mentally fit than Biden,” wrote columnist Julia Davis. “Still fanboying for dictators.”Seemingly seizing on the first half of the tweet, which insults his political rival, Trump responded in the affirmative.“I didn’t know there would be even a questio...
New York Daily News
$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
Ex-UAW President Williams set to plead guilty in union embezzlement scheme
DETROIT — Former United Auto Workers President Dennis Williams is scheduled to plead guilty on Sept. 30 and become the second retired union leader convicted of embezzling hundreds of thousands of dollars spent on personal luxuries.The plea hearing was set Wednesday in federal court, two weeks after Williams became the 15th person charged in a years-long crackdown on corruption within the U.S. auto industry.The embezzlement scheme involving Williams and his successor, former UAW President Gary Jones, has revealed labor leaders and auto executives broke federal labor laws, stole union funds and ...
The Detroit News
SD governor calls reports of 250,000 coronavirus cases linked to Sturgis rally 'made up'
The Republican governor of South Dakota is disputing the number of coronavirus cases that stemmed from the Sturgis Motorcycle Rally in August and called a report that at least 250,000 cases were tied to the event “made up.”So far one death has been traced to the rally, but if a new study is any indication, that number should skyrocket.In a new study from Germany’s Institute of Labor Economics (IZA), the Sturgis Motorcycle Rally is described as a super-spreader event after 400,000 bikers rumbled into the small South Dakota town and crowded into bars and restaurants for 10 days.The study “extrap...
New York Daily News
CEO of $11.4 billion Universal Health Services steps aside for son in 'long-planned succession'
The 83-year-old founder of Universal Health Services, America’s largest psychiatric hospital chain and a major acute-care hospital provider, too, is handing control of the King of Prussia, Pa.-based company to his son.Alan B. Miller will step down as chief executive in January and son Marc D. Miller, 50, will take his place in what the company said was as “long-planned succession.”The senior Miller is generally credited with being a pioneer in purchasing hospitals in fast-growing communities and building a network out of them. Last year, the for-profit, publicly traded UHS had net income of $8...
The Philadelphia Inquirer
Commentary: US food system needs reform
According to the USDA, Americans spend less on food as a percent of their incomes than anyone else in the world.This may seem like a good deal, especially for people who struggle to make ends meet. But, in fact, our cheap food economy is really a crooked one, with family farmers and food system workers underwriting a system that disproportionately benefits corporations.The COVID-19 pandemic has brought this into focus more than ever, by highlighting how the system cheats rural and urban working people out of a decent life.Mario Ramirez, the lead organizer of the Voces de la Frontera Essential ...
Tribune News Service
UAW suddenly adds 1,700 PhD medical researchers, scientists as members
The UAW is aggressively pushing beyond the auto industry, now breaking new ground to include postdoctoral researchers from a top private university — the brightest minds from medicine, climate science, chemistry, engineering and computation.This is not your father’s labor union.The Detroit-based union known for fighting to protect pay and benefits of hourly factory workers employed by Ford, General Motors and Fiat Chrysler Automobiles just added 1,700 new researchers from Columbia University, most of them working to eradicate cancer, Alzheimer’s, Parkinson’s, diabetes and other diseases.All th...
Detroit Free Press
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