Ron18
2022-04-20

$Apple(AAPL)$store workers in New York City's Grand Central Terminal working toward unionizing have come up with some concrete demands. [smile] [smile] [smile] 

What Happened: The store workers are urging Apple to pay a minimum hourly wage of $30, among other things, updated information posted on their website showed. [Sad] [Sad] [Sad] 

Calling itself Fruit Stand Workers United, the union is seeking benefits such as increased tuition reimbursement, faster accrued, and more vacation time, among other things. [LOL] [LOL] [LOL] 

As part of retirement benefits, the workers expect a higher match rate for 401 (k) plans and enrollment into pension plans. [Spurting] [Spurting] [Spurting] 

The workers have also sought a study on security protocols with customer interactions and track dust, health effects from building materials and noise pollution at Grand Central. [Smug] [Smug] [Smug] 

Why It Matters: The unionization effort is now an en masse movement at Apple. [Mybad] [Mybad] [Mybad] 

An average retail employee at Apple makes between $17 and $30 per hour, depending on their role and seniority, according to a Washington Post report. Store workers believe the wage rates haven't kept pace with inflation.[Yummy] [Yummy] [Yummy] 

For filing a union petition, the Grand Central Location should get 30% of the 270 eligible employees working there, CNBC reported.[Blush] [Blush] [Blush] 

The unionization drive, which extends beyond Apple, comes as the U.S. grapples with a combination of slow growth and rising inflation, called stagflation. With the Fed signaling its intent to keep raising rates at a measured pace, the situation is likely to worsen.[Gosh] [Gosh] [Gosh] 

Workers at high-profile companies such as $Amazon.com(AMZN)$ and $Starbucks(SBUX)$ recently voted in favor of unionizing [smile] [smile] [smile] 

@TigerStarsPlease PICK and like

@StarLuck@MSing@SR050321@Venus_M@Bonta@surfer guy@KYHBKO@HelenJanet@koolgal

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • KYHBKO
    2022-04-20
    KYHBKO
    being part of an union has both advantages and disadvantages. In the end both must work towards a win-win situation. the gap is due to the difference of value assigned by the workers and the company.
    • Ron18ReplyKYHBKO: 
      ultimately i view that both need to balance each other benefit in order for the conpany to move further and icrease the shareholders values (and of course the management own pockets).
    • KYHBKOReplyRon18: 
      let us see how things unfold
    • KYHBKO: 
      in the end, I hope that both parties can address this amicably. I would have preferred this to be done behind closed door. will the costs be passed on to the customers?
    • KYHBKO: 
      this is caused in part by the inflation from money printing and access to cheap leverage. while the workers see the reduction in disposable income, the company need to assess the costs benefits.
  • setia100
    2022-04-20
    setia100
    Does shareholders have rights to vote on unionize or not ❓ Once unionized, it eats into your EBIT n thus dividends 🤔
  • koolgal
    2022-04-20
    koolgal
    Thanks for your excellent analysis on the labour challenges of Apple
  • Cartoon98
    2022-04-20
    Cartoon98
    Two sides on a coin, focus on the bright side
  • JCKL488
    2022-04-20
    JCKL488
    Hang in there for the reward
  • MSing
    2022-04-20
    MSing
    [Cool]
Leave a comment
2