Teamsters Says Local 50 Members At Waste Management Win Immediate 18% Pay Increase
Portfolio Pulse from Benzinga Newsdesk
Teamsters Local 50 members at Waste Management have secured an immediate 18% pay increase.
June 06, 2024 | 7:31 pm
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NEGATIVE IMPACT
Teamsters Local 50 members at Waste Management have secured an immediate 18% pay increase, which could impact the company's labor costs and profitability in the short term.
An 18% pay increase for a segment of Waste Management's workforce will likely raise the company's labor costs, potentially impacting short-term profitability. Investors may react negatively to the news, anticipating higher expenses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100