U s Labor Policy Proposal.
But Chuck Schumer, D-N. And President Biden tweeted his support of the bill's provisions on Sunday. Consequently, the legislation is getting more pushback than ever from companies that consider it a threat to their business model.
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Among the provisions included in the bill is a requirement that, once a union has been recognized or certified as the employees' bargaining article source, the employer and the union begin bargaining within 10 days of the union submitting a written request. According to the Teamsters, these and other provisions in the bill would allow the union to make headway in organizing drivers who move less-than-truckload freight at XPO Logistics. Chockley contends that once workers voted to organize at certain XPO locations, the company was able to avoid negotiating an actual contract. But the Policcy still has the ability to spend money, delay and deny the workers the benefit of an election.
Chockley noted rPoposal because the PRO Act also attempts to prevent employers from misclassifying their employees as independent contractors, it would open up opportunities for organizing drayage drivers who haul containers to and from ports. Employers have found a way to put all the expense and responsibility on U s Labor Policy Proposal driver while avoiding providing benefits. It's brutal and it's not right," he said.
XPO did not respond to a request for comment.
Michael Lotito, who co-chairs the Workplace Policy Institute at the law firm Littler Mendelson, called the Pro LLabor "rotten to its core" and said it would upend the laws for both nonunion and unionized employers. Lotito told FreightWaves he is skeptical of the bill's chances of getting final approval in the Senate.
However, "Joe Biden is all for it, so if it gets to his desk I believe it would make him the biggest pro-labor president in U. Update: appeal of dismissed Black XPO employee succeeds, case can move forward.
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Teamsters, port and rail drivers defend AB5's limits on independent contractors. Click for more FreightWaves articles by John Gallagher.
Click here for options trades from Benzinga. Bloomberg -- Bearishness toward U. Treasuries surged to a record last week. That has given traders confidence to take on a new target: the yen.
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Hedge funds have ramped up bearish bets on the currency to the highest level in a year. The currency has declined against all of its Group-of counterparts this year except for its haven twin, the Swiss franc. The yen last traded weaker than in March when pandemic-induced market chaos spurred demand for the dollar. Asset managers in contrast, held a net bullish position on the yen at 60, contracts in the week to March 3, though that is down fromat the start of January. They were up two basis points at 1. If year U. Not everyone agrees that the yen is certain to keep weakening. For more articles like this, please visit us at bloomberg. Stock U s Labor Policy Proposal pointed to a lower open on Monday as technology stocks added to last week's losses, with Treasury yields climbing further after Congress made headway toward passing another significant COVID relief package.
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Bloomberg -- Food-delivery company Deliveroo kicked off an initial public offering in London that could raise billions Proposl pounds and put the U. The Amazon. Deliveroo will list with a dual-class share structure, effective for three years, to provide Chief Executive Officer Will Shu with the stability to execute long-term plans, the company said last week. This year, 13 firms have raised 4. And Deliveroo is anticipated to add billions to this tally before the end of the month, meaning the U.]
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