Streetbeat News

Labor Issues

DHC

RMR

Diversified Healthcare Trust (DHC) has announced the appointment of Christopher Bilotto as President and CEO, effective January 1, 2024. Bilotto, currently an EVP at The RMR Group (RMR), will succeed Jennifer Francis, who is retiring from RMR and resigning from her executive positions at DHC and RMR on December 31, 2023. Francis has been with DHC's senior management since 2018 and will continue as a Managing Trustee of DHC.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:07 pm

NVAX

Novavax has appointed John Trizzino as President and COO, both newly created positions. John Herrmann, the current Chief Legal Officer and Corporate Secretary, will retire on December 8. Mark Casey will succeed Herrmann as the new Chief Legal Officer and Corporate Secretary.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:21 pm

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced that most of its stores will be closed on Thanksgiving Day, marking the first time in its history to do so following employee protests over working conditions. However, about 700 of its 24-hour locations will remain open. The decision reflects the company's acknowledgment of the mounting pressures on pharmacists, including significant prescription backlogs and the increased workload from vaccine administration. Walgreens aims to show appreciation for its employees' hard work by providing time off. WBA shares closed down 3.71% at $20.75 on Thursday.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 11:34 am

CMCL

Caledonia Mining Corporation announced that its Chief Operating Officer, Mr. Dana Roets, is stepping down. The company has not yet named a successor, and the reasons for Mr. Roets' departure have not been disclosed. This change in leadership may lead to uncertainty among investors regarding the company's operational continuity and future performance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:21 am

APYX

Apyx Medical has announced that CFO Tara Sembi is leaving the company to pursue other opportunities, as disclosed in their 8-K filing.

Portfolio Pulse from Charles Gross

November 16, 2023 | 10:33 pm

CHPT

ChargePoint announced the departure of CFO Rex Jackson, effective immediately. Mansi Khetani, Senior VP of Financial Planning and Analysis, has been appointed as interim CFO. The company will begin searching for a permanent replacement.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:21 pm

OGS

ONE Gas, Inc. has announced the election of Christopher Sighinolfi as Senior Vice President and Chief Financial Officer (CFO), effective January 1. He will succeed Caron Lawhorn, who is stepping down from the role.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:16 pm

SGAMY

Sega of America, a subsidiary of Sega Sammy Holdings Inc (OTC:SGAMY), is accused of threatening mass layoffs as retaliation against employees' unionization efforts. The Communications Workers of America filed an unfair labor practice complaint, alleging Sega informed unionized staff about job offshoring, affecting 40% of the group. The Allied Employees Guild Improving Sega (AEGIS-CWA) was bypassed in the process, breaching standard negotiation procedures. Despite the complaint to the National Labor Relations Board, layoffs may still proceed amidst industry-wide cost-cutting measures.

Portfolio Pulse from Franca Quarneti

November 16, 2023 | 8:18 pm

F

GM

STLA

United Auto Workers (UAW) members at General Motors Co (GM) have ratified a tentative contract agreement, potentially ending a labor dispute with Detroit's Big Three automakers. The deal's approval at GM could influence ongoing votes at Ford Motor Company (F) and Stellantis NV (STLA), where current trends suggest favorable outcomes. The contracts, if approved by all 146,000 union members, would result in significant wage increases and adjustments. GM shares dropped 1.42% to $27.74 in recent trading.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 6:06 pm

SKIN

The Beauty Health Company announced a 10% reduction in its global workforce, affecting a total of 893 employees. This includes 95 terminations, with 63 employees in the U.S. and around 32 non-U.S. employees. The announcement was made through an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:10 pm