Lampert’s bid, boosted from an earlier $5 billion offer, prevailed after weeks of back-and-forth deliberations that culminated in a days-long bankruptcy auction held behind closed doors. The billionaire’s proposal, made through his hedge fund ESL Investments Inc, will save up to 45,000 jobs and keep 425 stores open across the United States.
Lampert boosted his bid by adding more cash and assuming more liabilities, the sources said. The auction, held at the Manhattan offices of Weil, Gotshal & Manges LLP, the law firm representing Sears, concluded in the early morning hours of Wednesday.
The strike prompted the International Socialist Organization and Democratic Socialists of America to set up the fundraising page to help feed an estimated 32,000 striking teachers and staff members. Campaign organizer Clare Lemlich says the campaign started with the intention of bringing awareness of education issues to the city and to include more locals in the effort.
The decision to close the Robinson site will impact 569 positions and 96 contractors.
The site will be closed over a two-year period to “provide ample time for employees and operations to transition smoothly.”
Part of the official statement is as follows:
“For more than 150 years, Bayer has stood for quality and trust, making innovative products in health and nutrition that improve lives and make a contribution to society. Our employees around the globe work every day to find solutions to a growing and aging population.
“With the acquisition of Monsanto completed last year, we doubled the size of our business in the United States to more than $16 billion in sales, and we now employ more than 20,000 people in 300 locations across the country.
“As part of the work to bring our companies together and significantly improve productivity and profitability, Bayer announced in November 2018 that it will reduce 12,000 jobs globally by 2021.”
Los Angeles teachers went on strike Monday after negotiations in the nation’s second-largest school district fell through.
Braving rain, teachers carrying signs saying “on strike for our students” and umbrellas stood in picket lines Monday morning demanding smaller class sizes, more nurses, counselors and librarians, higher wages for educators and more accountability for charter schools. There were picket lines at 900 schools across the city, United Teachers Los Angeles union president and teacher Alex Caputo-Pearl said at a news conference Monday.
“Here we are in a fight for the soul of public education,” Caputo-Pearl said. “The question is: Do we starve our public neighborhood schools so that they are cut and privatized, or do we reinvest in our public neighborhood schools for our students and for a thriving city?”
(CNN)The Los Angeles teachers’ union rejected the school district’s latest offer on Friday, meaning the union is ready to go on strike Monday morning, union leaders said at a news conference.
“At the end of today’s session, we declared impasse,” said Arlene Inouye, co-chair of the United Teachers Los Angeles (UTLA) bargaining team.
Inouye said the school district’s proposal was inadequate and that the district has made insufficient movement in their 21 months of bargaining.
Section 1.5 of the class-size article in the UTLA/LAUSD contract allows the district to unilaterally ignore those caps and averages if it chooses. Every year the district has done so, rendering caps and averages meaningless, and leading to outrageous class sizes. #StrikeReadypic.twitter.com/BzoIomV9QB
ELLWOOD CITY, Pa. (AP) — A small, financially struggling western Pennsylvania hospital has delayed paying its workers.
Biweekly paychecks due Dec. 21 haven’t been distributed, and employees of Ellwood City Hospital say previous paychecks have bounced.
The Pittsburgh Post-Gazette reports that Grant White, CEO of the hospital’s parent company, blamed the delayed paychecks on a “significant backlog” in collections. He predicted the hospital’s finances would improve this month, pledging in a Dec. 28 email to employees that “everyone will get paid for their work.”
STEUBENVILLE — The shale gas industry’s impact on the Weirton-Steubenville metropolitan area is expanding.
The Associated General Contractors of America reported the largest percentage gain in construction jobs in the nation — 26 percent, or 500 jobs — occurred in the Weirton-Steubenville corridor, which consists of Brooke and Hancock counties in West Virginia and Jefferson County in Ohio.
AGCA said there are now 2,400 people working in the construction industry in the Weirton-Steubenville corridor, up from 1,900.
“It tells you we’re reaping the benefits of the growth in the shale gas industry,” said Pat Ford, executive director of the Business Development Corp. of the Northern Panhandle, citing investments in public infrastructure, pipelines and private investments in energy, the chemical industry, value-added metals, transportation logistics, and retail services.
All that comes to a $1.5 billion investment in the area during the last 10 years. Of that $1.5 billion, there’s been $300 million in road construction and infrastructure — about $20 million of it routine maintenance as well as $100 million in pipeline construction.
Amazon.com is planning to expand its Whole Foods Market portfolio by adding more stores to put more customers within its two-hour delivery service range, The Wall Street Journal reported on Sunday, citing sources.
Whole Foods employees have visited regions of Western North America for potential retail spaces in parts of Idaho, southern Utah and Wyoming where it currently has no stores, the Journal reported, citing a source.
Millions of U.S. workers will see increased pay in 2019 due to minimum-wage increases in 20 states and 21 cities.
With the federal minimum wage stuck at $7.25 an hour since 2009, many states and cities have taken it upon themselves to raise the rate for the lowest-paid workers.
Eight states — Arizona, California, Colorado, Maine, Massachusetts, Missouri, New York, and Washington State— are phasing in increases that will eventually put their minimum wages at $12 to $15 an hour, according to the National Employment Law Project (NELP), a nonprofit that advocates for higher minimum wages.
In addition, 13 cities and counties are hiking their minimum wages to $15 an hour or higher in the new year, the nonprofit says.
Workers in lower-cost areas will benefit the most from the increases, said Paul Sonn, state program policy director at NELP. The change will mean less for people in high-cost states like California and New York.
“Right now, in an expensive state like California, a single worker needs about $20 an hour to afford the basics,” Sonn said. “Whereas $15 is what a single worker needs in a less expensive state such as Alabama, Florida or Texas.”
“Fifteen dollars an hour has become the new minimum wage, meaning that that’s to afford the basics,” he said. “It’s just a start. Those with children and in expensive states need even more.”
Soon the steel workers, many of whom had been skeptical at the outset, were getting an extra hour of sleep on work nights. By simply aligning work schedules with people’s internal clocks, the researchers had helped people get more and better rest.
Westmoreland County officials have decided to hire some more guards for the county prison.
The Tribune-Review reports that the 12 guards will bring their total staff levels to 115 full-time guards and 31 part-time guards. The 12 new positions are expected to cut down on overtime, which is expected to save the county some money in the long run.
Part-timers will get first crack at any of the full-time positions.
WEST POINT, Va. — A Virginia high school teacher who refused to use a transgender student’s new pronouns has been fired.
News outlets report that the West Point School Board voted unanimously Thursday to dismiss Peter Vlaming after a four-hour hearing that drew an overflow crowd. The school system said in a statement that Vlaming was fired for insubordination.
Over the summer, the ninth-grade student’s family informed the school system of the student’s gender transition to male. The student wasn’t involved in Thursday’s hearing.
Her team wants to create “a prosperous America that works for all of us,” the job description stated.
New York Congresswoman-elect Alexandria Ocasio-Cortez is looking for some 13 staffers to fill her office.
Her team is seeking passionate, talented and creative thinkers to fight for “social, economic and racial justice for the country” as they serve New York’s 14th congressional district, according to an ad posted over the weekend.
Ocasio-Cortez is looking to fill positions including a deputy chief of staff, a legislative director, a district press secretary, a digital content manager, a scheduler, a staff assistant, a district director, a caseworker, a community organizer, a financial administrator and an intern.
As well as the roles listed in a digital job description file, applicants are encouraged to get in touch if they can offer some other skill. “If you are the right person for the team, we will find a role for you,” the description reads.
Interest in the positions appears to be high, with some Twitter users reporting digital warnings over “heavy traffic” on the application page. User Zameena Mejia shared a screenshot of the message on Twitter with the comment: “Hey @Ocasio2018 looks like a lot of people are trying to applying. What’s your advice on making sure your application stands out?”
“Be yourself. Don’t let the boxes limit you,” Ocasio-Cortez responded. “We care about people more than what’s on your resume.”
General Motors will cut car production, stop building several slow-selling models, and slash its North American workforce, its biggest restructuring in North America since its bankruptcy a decade ago.
GM plans to halt production next year at three assembly plants — Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. The company also plans to stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse.
Departing Today host and former Fox personality Megyn Kelly will reportedly leave with a $30 million payout from NBC after her comments seeming to defend blackface in October — at least according to a new report from Page Six. Sources told the tabloid that Kelly is in the midst of negotiating a massive exit deal.