Apple Makes History With First US Union Labor Agreement
Portfolio Pulse from Benzinga Neuro
Apple Inc. (NASDAQ:AAPL) has reached a preliminary labor agreement with the union representing its retail workers in Towson, Maryland. This is the first such agreement for Apple in the U.S. and includes scheduling enhancements, a 10% pay increase, and job protections. The agreement is pending ratification by the store's 85 union members.
July 28, 2024 | 3:42 pm
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Apple Inc. has reached a preliminary labor agreement with its retail workers in Towson, Maryland, marking its first such deal in the U.S. The agreement includes a 10% pay increase, scheduling enhancements, and job protections. This could set a precedent for future labor negotiations in the tech industry.
The preliminary labor agreement is a significant milestone for Apple, potentially setting a precedent for future labor negotiations. The deal includes favorable terms for workers, which could enhance Apple's reputation and employee satisfaction, positively impacting its stock price in the short term.
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