Franchise News
Deere Workers Ratifies New Labor Contract, Many Workers Still Not Satisfied
Deere & Company said in a press release that the United Auto Workers (UAW) union have informed them that its members have ratified the new six-year master labor agreement with the company. Many workers though are still not satisfied with the new labor contract, which was held on Sunday at the McLeod Center on the University of Northern Iowa campus.
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Walmart Lays Off 450 Workers at its Headquarters, Increase Competitive Edge
Wal-Mart Stores, Inc. laid off 450 employees last Friday at its headquarters, which is located in Bentonville, Arkansas, according to a report from USA Today. The layoffs are part of the retail giant’s plan to increase its competitive edge.
Sweden Trying Out 6-Hour Workday, Provides More Productivity, More Focus and Better Morale to Employees
Several Swedish companies are veering away from the 8-hour workday and are shifting into 6-hour workday or a 30-hour workweek, according to a report from Fast Company. The 6-hour workday provides the company’s employees more productivity, more focus and a better morale.
JC Penney Cuts Pension Plan Obligation, Taps Prudential Insurance to Take Over
JC Penney Company, Inc. has announced in a press release that it will be significantly reducing the benefits obligations of the company’s qualified pension plan. JC Penney has also reached an agreement for The Prudential Insurance Company of America to settle a large portion of the company’s remaining pension benefits obligations.
Sprint to Cut Jobs, Part of Cost-Cutting Effort to Reduce Expense by $2.5 Billion in the Next Six Months
Sprint Corporation will be reducing jobs as part of its cost-cutting efforts to reduce its expense in the next six months, according to a report from The Wall Street Journal.
ConAgra Announces $300 Million Efficiency Plan, Will Cut about 30% of Total Workforce
ConAgra Foods, Inc. has announced in a press release a restructuring plan that will realize at least $300 million of efficiency benefits within the next three years through a combination of reductions in SG&A and enhancements in the company’s trade spend processes and tools.
Apple Adds James Bell in its Board of Directors, Puts Diversity Program into Action
Apple Inc. will be adding James A. Bell, a former CFO and corporate president of The Boeing Company, to its board of directors, according to a press release issued by Apple. The addition of Bell puts Apple’s diversity program into action.
AMD to Cut about 5% of Total Workforce, Part of Restructuring Plan
Advanced Micro Devices, Inc. (AMD) will cut approximately 5 percent of its total global workforce as part of its restructuring plan, according to a regulatory filing by the company.
Deere Reaches Tentative Agreement with UAW, Will Present to Members for Ratification Vote
Deere & Company has announced in a press release that they reached a tentative agreement with the United Auto Workers Union (UAW) to replace the six-year master labor contract, which expired on midnight of September 30, 2015.
News Corp Completes Sale of Amplify Digital Education Business, Marks Exit from Heavily Invested Business
News Corp. has announced in a press release that it has successfully completed the sale of its Amplify Insight and Learning businesses to a management team supported by a group of private investors. The sale marks the company’s exit from its heavily invested five-year-old initiative.
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