Ford UAW contract trims labor cost gap with GM
Ford says the four year contract raises labor costs by less than 1.5 percent annually but includes an $600 million fourth quarter charge with $8,500 signing bonuses for 52,900 workers. The deal backdates wage increases to Sept. 15 and improves benefits for entry level workers, narrowing the gap with GM FCA while remaining higher than Toyota and Honda. Ford aims to use more temporary workers and allows overtime and flexible schedules to meet demand.
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Gap Inc Claims Equal Pay For Equal Work Across Workforce
Gap Inc states it pays men and women equally for the same work. The California Fair Pay Act, effective Jan 1, prompts audits across firms, with Gap noting internal and external reviews show no pay disparity among its 130,000 employees.
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Noreen Farrell
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Online Cyber Monday sales surge despite fading luster
Shoppers pivot to online deals with Cyber Monday drawing strong volumes as sales on Thanksgiving and Black Friday rise. comScore and Adobe forecast near 3 billion and 2.98 billion dollars respectively, while stock shortages and outages echo the shift to a season of digital deals beyond a single day.
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Ashandwillow.com
Target
Scot Wingo
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PayPal
Amazon
Wal-Mart
Matthew Shay
The
National Retail Federation
ShopperTrak
Gene Alvarez
Gartner
VTech data breach affects about five million customers
VTech says personal data of about 5 million customers and their children may have been stolen in a breach of the Learning Lodge app store database. The compromised data include names birthdates genders emails passwords secret questions and answers IP and mailing addresses and download histories. No credit card or government ID numbers are reported affected. The breach was detected 10 days after Nov 14 and affects U S and 15 other countries.
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U.S
Learning Lodge
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