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Careers Employee Benefits

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  • BERLIN, March 18- Lufthansa pilots began the first of two days of strike action on Wednesday in a long-running dispute over early retirement benefits and the carrier's cost-cutting plans which shows no sign of ending. The German airline is trying to cut costs and expand budget operations as it tries to compete with low-cost carriers like Ryanair and easyJet in...

  • Vodafone's maternity policy changes Monday, 16 Mar 2015 | 6:51 AM ET
    Vodafone's maternity policy changes

    Chuck Pol, Vodafone Americas president, discusses his company's policy to offer mandatory minimum maternity leave of at least 16 weeks, plus additional benefits.

  • CHICAGO, March 12- If you are counting the days to retirement because you hate your job, career expert Kerry Hannon has a message for you: "Stick with it." An annual survey on retirement by the Employee Benefit Research Institute consistently finds that about half of workers retire earlier than they expected- and that job burnout is a key factor.

  • SPRINGFIELD, Ill., March 11- A state lawyer defending the landmark 2013 pension reform law faced tough questions on Wednesday from an Illinois Supreme Court judge at a high-stakes hearing about whether the legislature had the right to cut benefits. Justice Robert R. Thomas asked State Solicitor General Carolyn Shapiro. " "It is clear that the pension clause and the...

  • In a state Supreme Court chamber packed with politicians, union leaders and other observers, Illinois is defending the constitutionality of the law aimed at curbing ballooning public pension costs. The stakes are especially high for Illinois. With a $105 billion unfunded pension liability, Illinois says it cannot afford core services such as healthcare and...

  • The strike at Stella International Holdings Ltd's Xing Ang factory in the city of Dongguan started on Sunday with workers concerned about government housing fund contributions and payouts. The strike involved 5,000 to 6,000 people, according to activists and a worker, making it one of China's biggest strikes at a factory since April last year when about...

  • Chinese shoe factory workers strike over benefits Wednesday, 11 Mar 2015 | 2:26 AM ET

    The company that owns the factory, Stella International Holdings Ltd, lists Guess? Inc, Michael Kors Holding Ltd, Prada SpA and Burberry Group PLC among its customers. A spokeswoman for Stella International said only "a few hundred" workers had gone on strike, not 5,000..

  • Dream jobs: Best places to work Thursday, 5 Mar 2015 | 7:52 AM ET
    Dream jobs: Best places to work

    Alan Murray, Fortune editor, reveals the magazine's annual list of top 100 companies to work for in 2015. This year a tech giant nabs the top spot.

  • NEW YORK, March 4- U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under Obamacare. "I am hopeful that the court will recognize and uphold the intent of Congress, which was to expand coverage...

  • Bridging the hope gap Tuesday, 3 Mar 2015 | 6:49 AM ET
    Bridging the hope gap

    John Hope Bryant, Operation Hope CEO, shares his thoughts on how to solve the income inequality problem through apprenticeships and education.

  • YOUR MONEY-The silent struggle of seniors with debt Thursday, 26 Feb 2015 | 11:06 AM ET

    NEW YORK, Feb 26- When Wanda Simpson reached retirement a couple of years ago, the Cleveland mom had an unwelcome companion: Around $25,000 in debt. New data reveal that Wanda Simpson has company- and plenty of it. Among families headed by those 55 or older, 65.4 percent are still carrying debt loads, according to the Washington, D.C.- based Employee Benefit Research...

  • Feb 23- A New Jersey court on Monday struck down Governor Chris Christie's plan to cut contributions to its public pension system, ruling in favor of teachers, firefighters and police who sued the governor and state. Christie, an expected 2016 Republican Presidential contender, proposed the cuts last May to try to plug a $2.7 billion state revenue shortfall...

  • Largest oil refinery strike expands Monday, 23 Feb 2015 | 1:04 PM ET
    Largest oil refinery strike expands

    CNBC's Morgan Brennan reports the biggest oil worker strike since 1980 has expanded to four more Shell facilities.

  • Wal-Mart ignites minimum wage debate Friday, 20 Feb 2015 | 8:06 AM ET
    Wal-Mart ignites minimum wage debate

    Discussing Wal-Mart's decision to boost wages, with Dan Senor, Foreign Policy Initiative co-founder, and Steve Rattner, Willett Advisors chairman.

  • Japan wages: Manufacturing consent Thursday, 19 Feb 2015 | 10:04 PM ET

    Shunto, the "spring offensive" by Japan's trade unions, is making a comeback on behalf of Japanese workers asking for a pay raise, the FT reports.

  • Blodget: Let's salute Wal-Mart Thursday, 19 Feb 2015 | 11:32 AM ET
    Blodget: Let's salute Wal-Mart

    Business Insider CEO Henry Blodget, provides perspective on Wal-Mart's decision to raise its minimum starting wage.

  • Feb 19- Wal-Mart Stores Inc, long criticized for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million U.S. employees this year. Wal-Mart said on Thursday its hourly full-time and part-time workers will earn at least $9.00 an hour, or $1.75 above the current federal minimum wage, starting in April.

  • Feb 19- Wal-Mart Stores Inc, long criticized for its low hourly pay and employee benefits, said it would increase wages for half a million U.S. employees this year. Wal-Mart's hourly full-time and part-time workers will earn at least $1.75 above the current federal minimum wage, or $9.00 per hour, starting in April, the largest private sector employee in the United...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • HOUSTON, Feb 11- A Royal Dutch Shell spokeswoman said on Wednesday that talks with the United Steelworkers union were not broken off on the 11th day of a refinery workers strike, contrary to a media report in the morning. A USW spokeswoman said the union was ready to continue talks with Shell Oil Co, the lead negotiator for U.S. refinery owners. "We're open for...