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Massachusetts Home Care Workers Win Fight For $15

Home care workersMassachusetts home care workers have notched the latest victory in the Fight for $15.

Under an agreement Thursday with the office of Gov. Charlie Baker (R), 35,000 home care workers in the state will be guaranteed a wage of $15 per hour, according to 1199SEIU Healthcare Workers East. The regional union representing the workers said the agreement put an end to their plans to picket at the statehouse next week.

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Gap closing 175 stores to be more 'vibrant'

Gap closing 175 storesGap announced Monday it will close a quarter of its stores and cut 250 corporate jobs as it tries to chart the clothing brand back toward growth.

The company will close 175 stores across North America, not including outlets or factory stores, based on store performance. There will be additional store closures at European locations. About 140 stores will close this year. Gap will continue to operate about 500 Gap stores, plus 300 outlet stores.

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Oregon Becomes Fourth State To Pass Law Guaranteeing Paid Sick Days

paid sick days passes in OregonOn Friday, Oregon’s state House passed a bill that would require most employers to offer five days of paid sick leave to their employees. If the governor signs it into law as advocates believe she will, it will be the fourth state in the country with such a requirement.

Oregon’s bill applies to businesses with 10 or more employees and allows workers to accrue an hour of sick time for every 30 they work. The leave could be used to care for a worker herself, a family member, or donate it to a coworker. An estimated 47 percent of workers in the state don’t have access to paid sick days, including more than 70 percent of low-wage workers.

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Los Angeles approves $15 minimum wage

LA $15 minimum wageThe Los Angeles City Council on Wednesday gave final approval to an ordinance raising the minimum wage in America's second-largest city to $15 an hour by 2020 from the current $9.

The measure, which still must be signed into law by Mayor Eric Garcetti, would require businesses with more than 25 employees to gradually increase wages to meet a $15 hourly pay level by the deadline, while smaller businesses would have an extra year to comply with each step.

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HSBC to shed 50,000 jobs in quest for higher payouts

HSBC cuts jobsHSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.

Chief Executive Stuart Gulliver has made it his mission to boost profits since taking the helm of Europe's largest bank by assets in 2011 but his efforts have so far been foiled by high compliance costs, fines and low interest rates.

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BlackBerry cuts jobs worldwide as it consolidates businesses

Blackberry cutting jobs worldwideCanadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

The company did not specify how many employees would be affected.  BlackBerry, which reported a 16.8 percent fall in quarterly revenue in March, had about 6,225 full-time employees as of Feb. 2015, according to its website.

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Sharp announces $1.86 billion loss, plans thousands of job cuts

Sharp  electronicsJapanese electronics giant Sharp on Thursday said it was cutting thousands of jobs in a fresh turnaround plan to keep it afloat as the struggling firm posted a bigger-than-expected $1.86 billion annual loss.

The net loss — much larger than the $251 million forecasted — came as Sharp said it would cut about 10 percent of its 49,000-strong global workforce, including 3,500 jobs in Japan.

The firm said it hoped to swing a $670 million operating profit in the current fiscal year, but it did not give a net profit forecast.

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