Money

United fires hundreds of unvaccinated crew

Published

3 years ago

September 29, 2021

United Airlines has begun the process of laying off unvaccinated workers

#BREAKING | @United Airlines is set to terminate 600 workers who have refused to receive a #COVID19 vaccine. pic.twitter.com/VxNDGftYfF
— ticker NEWS (@tickerNEWSco) September 28, 2021

The airline will terminate roughly 600 employees — less than 1 percent of its workforce — who refused to comply with the company’s COVID-19 vaccine mandate.

United announced the news in a statement to its website.

The Chicago-based airline stated that 99 percent of its workforce provided proof of vaccination prior to a Monday deadline.

United will move to fire those who did not seek an exemption or provide proof of vaccination, however the carrier will give them one more chance to comply with the mandate during the separation process.

“This was an incredibly difficult decision but keeping our team safe has always been our first priority,”
United Airlines CEO Scott Kirby and President Brett Hart wrote in a memo to employees Tuesday.

The percentage of vaccinated United employees excludes the less than 3 percent of the company’s 67,000 employees who sought a religious or medical exemption.

Six employees filed a lawsuit against the airline last week over its policy to put exempt employees on unpaid leave.

United is the only one to fire crew

Of the top four U.S. airlines, United is the only operator to fire employees who do not comply with a vaccine requirement.

Delta Air Lines will enact a $200 monthly surcharge on unvaccinated employees, while American Airlines and Southwest Airlines are only encouraging employees to get the shot.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending