Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • 24/7 Wall St.

    Can Apple End Its Fight With Union?

    By Douglas A. McIntyre,

    5 hours ago

    This post includes affiliate links. If you purchase anything through these affiliated links, 247wallst.com may earn a commission.

    https://img.particlenews.com/image.php?url=4LWYn6_0uf9qn8b00 Apple ( NASDAQ: AAPL ) has been in a messy fight with the union representing workers at its retail outlets. Ultimately, it is not just about money. It is about Apple’s image with the public.

    Apple workers are represented by the International Association of Machinists and Aerospace Workers and the Coalition of Organized Retail Employees. While it is an odd set of organizations to represent workers at an electronics retail store, it has been effective.

    Apple workers at its Towson, Maryland, plant will vote on a tentative deal on August 6. However, this does not guarantee that the disputes will end. Apple's stock still has a chance to spike higher.

    CNBC states, “The tentative three-year agreement includes an average pay raise of 10%, limits on contracted employees and a severance clause, improvement in work-life balance and rules on transparency.” According to Glassdoor, Apple retail workers make $27 an hour.

    As with most labor actions, including those against Amazon ( NASDAQ: AMZN ) and Starbucks ( NASDAQ: SBUX ), these can spread to other locations. This makes them harder for executives to manage and more likely to enter the public's eye.

    Apple has a reputation to protect. A battle with some of its workers threatens that.

    ALERT: Take This Retirement Quiz Now  (Sponsored)

    Take the quiz below to get matched with a financial advisor today.

    Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

    Here’s how it works:
    1. Answer SmartAsset advisor match quiz
    2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
    3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

    Take the retirement quiz right here .

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular
    24/7 Wall St.1 day ago
    Total Apex Sports & Entertainment2 days ago

    Comments / 0