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Today in Labor History

May 26, 1936
One hundred thousand steelworkers and miners in mines owned by steel companies went on strike in seven states. The Memorial Day Massacre, in which ten strikers were killed by police at Republic Steel in Chicago, took place four days later on May 30.
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Updated: May. 26 (20:05)

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US Companies Criticized for Cutting Jobs Rather Than Investor Payouts
Posted On: Apr 09, 2020
Apr. 9, 2020  | JOBS |  U.S. companies laying off workers in response to the coronavirus pandemic but still paying dividends and buying back shares are drawing criticism from labor unions, pension fund advisers, lawmakers, and corporate governance experts. While most U.S. companies are scaling back payouts after a decade in which the amount of money paid to investors through buybacks and dividends more than tripled, some are maintaining their policies despite the economic pain… Some of the companies laying off workers while still paying out shareholders, such as General Motors, signed an initiative last year from the Business Roundtable, a group of chief executives, pledging to make business decisions in the interest of employees and other stakeholders, not just shareholders… WHBL
 
 
Teamsters Local 992
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