Streetbeat News

Labor Issues

AMZN

Amazon is delaying the full return-to-office (RTO) for some employees due to insufficient workspace. The initial policy required employees to work from the office five days a week starting January 2.

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December 16, 2024 | 9:00 pm

ENVX

Enovix Corp (NASDAQ:ENVX) shares fell 5.1% to $8.52 following the departure of CFO Farhan Ahmad, with the company currently searching for a replacement.

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December 16, 2024 | 8:00 pm

DIS

Disney has agreed to pay $233 million to settle a lawsuit from Disneyland workers who claimed the company failed to meet local minimum wage requirements in Anaheim.

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December 16, 2024 | 6:15 pm

EDIT

Editas Medicine's stock fell after the company announced it would end the development of its reni-cel program for sickle cell disease (SCD) and transfusion-dependent beta-thalassemia (TDT) due to unsuccessful attempts to find a commercial partner. Additionally, Editas plans to reduce its workforce by 65%.

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December 16, 2024 | 5:00 pm

SFTBY

SoftBank CEO Masayoshi Son and former President Trump announced a $100 billion investment in AI, aiming to create 100,000 jobs in the US. The investment is expected to be deployed before the end of Trump's term.

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December 16, 2024 | 5:00 pm

NWG

NatWest Group's retail banking head, David Lindberg, is set to step down in early 2025 as the bank prepares for full private ownership. Lindberg has led the division for four years, overseeing 13,000 staff and 17 million customers.

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December 16, 2024 | 1:30 pm

CWST

Casella Waste Systems, Inc. has dedicated its CDL Training Center to its first employee, Ken Hier. The center has successfully graduated 300 drivers since its inception.

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December 16, 2024 | 1:15 pm

AMZN

A Senate labor committee investigation, led by Bernie Sanders, revealed that Amazon ignored internal warnings about high injury rates among its workers. This raises concerns about the company's labor practices and could impact its public image and regulatory scrutiny.

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December 16, 2024 | 11:15 am

VWAGY

Volkswagen's works council chief, Daniela Cavallo, is optimistic about reaching a compromise in the ongoing negotiations with workers over cost-cutting measures. The discussions are set to continue, with hopes for a resolution before Christmas.

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December 16, 2024 | 10:00 am

STLA

The Italian government, led by Prime Minister Giorgia Meloni, is open to collaborating with Stellantis NV on its future strategy, contingent on the preservation of jobs and factories in Italy.

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December 15, 2024 | 4:15 pm