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...Organisers say that workers at several of Wells Fargo’s corporate offices are also interested in forming unions. The votes cover a very small fraction of Wells Fargo’s overall workforce....
...The number of full-time workers at US bank branches fell by more than 45,000 in 2023. Wells Fargo alone said it spent more than $1bn on unexpected job cuts in the fourth quarter....
...Goldman Sachs and Wells Fargo have also been expanding their operations....
...And, you can just see construction workers with their highlighter yellow vests on and trucks bringing different sorts of materials. Wood. And I saw a cement mixing truck and different cranes....
...The Expo — a dusty, barren site with little yet built — is the most high-profile victim of a national shortage of construction workers....
...Lloyds and Wells Fargo make an interesting comparison, and again Lloyds is tempting....
...Producers EQT and Chesapeake are throttling back production and some of the best producing wells in Pennsylvania have been temporarily idled....
...The delays in construction for these facilities are attributed to surging costs for building materials and labour, as well as a shortage of construction workers....
...NAHB chair Alicia Huey said some of the slowdown can be attributed to “a dearth of construction workers”....
...The S&P Global/Cips UK construction purchasing managers’ index dropped to 45, down sharply from 50.8 in August and well below the 49.9 forecast by economists polled by Reuters....
...Syrian men had integrated reasonably well into the labour market, but women “often don’t have the language and lack other basic skills”, said Nahles....
...“These are good, well-paid, unionised jobs,” said Charlotte Childs, a national officer at the GMB union....
...John Hines, global head of investment-grade debt capital markets at Wells Fargo, pointed out that borrowers did “tend to get their annual financings done generally before the fourth quarter”....
...Korean construction group Booyoung is offering workers a $75,000 bonus for each baby they produce, one of many eye-catching incentives on offer as politicians and companies grapple with the country’s demographic...
...Rising costs and weakened demand are expected to force Baumann to cut some of its 1,200 workers and put others on a furlough scheme....
...Here’s what else I’m keeping tabs on today: Earnings: The major US banks begin reporting earnings today, with JPMorgan, Citi and Wells Fargo all updating investors....
...“Construction of fortifications continues,” he added....
...The survey of almost 5,000 companies employing more than 100 workers published for the first time on Tuesday showed that the country’s gender pay gap remains widest in the construction, banking and consulting...
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...“We are now at a transition period where we might be able to shift to that kind of a situation if things go well.” But not everyone is so confident....
...Last week, Toffoli — a former lawyer for the ruling Workers’ party — suspended a multimillion-dollar fine imposed on construction group Novonor, formerly known as Odebrecht, for its role in the bribery scandal...
...Workers at a Wells Fargo bank branch in Albuquerque yesterday voted to form a union, making them the first employees of a major US bank to unionise in the latest sign of the resurgence of the labour movement...
...But it didn’t help that employment shares also fell in above-average productive sectors such as manufacturing and rose in below-average ones such as construction....
...NAHB chair Alicia Huey said that some of the slowdown was the result of “a dearth of construction workers”....
...Samuel Colin-Canivez, lead engineer for the Paris water system, stood in a 30m-deep concrete cavern as hundreds of construction workers were racing to finish the pharaonic project ahead of next year’s Olympic...
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