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Dollar, dollar bills: Bigger bonuses for vaxxed Whirlpool employees

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Employees of the appliance company have a lot to lose, both physically and financially, if they choose to not roll up their sleeve.

A shield against COVID and one thousand dollars richer

As efforts ramp up to get the rest of America’s population vaccinated, appliance company Whirlpool is offering their staff a staggering incentive. 

Employees who choose to roll up their sleeves will receive a $1000 cash bonus. 

That’s $800 more than their previous offer, with employees first promised cash awards of $200. 

It comes as vaccination rates in the US state of Michigan straggle, with only just over half of their population fully vaccinated.

Both newly vaccinated and previously vaccinated employees will be eligible for the pricey incentive, according to company spokesperson Chad Parks.

“Our employees’ health and safety remains our top priority.”

“Throughout this pandemic they have been working tirelessly to serve our consumers, who are depending on our products more than ever to clean, cook and provide proper food and medicine storage in their homes, and we are working to ensure we can deliver.”

Another company on the incentive bandwagon

Whirlpool joins Devon Energy and Bolthouse Farms who are offering their employees $500 each to get vaccinated, as cases across the nation continue to rise.

There seems to be a growing trend as more companies look to award their employees for getting the jab, opposed to mandating the vaccine.

Investment company Vanguard launched a similar incentive earlier this year.

The cash bonus cost the company roughly $16,500, issuing each eligible employee a $1000 dollar grant until October 1st.

It’s unclear for how long Whirlpool’s offer will last.

A step in the right direction

The bonus follows the announcement of the Biden administrations’ emergency rule, stating that large companies must ensure their entire workforce is vaccinated, or tested weekly.

Companies that don’t comply with this rule could face costly fines of up to $14,000 per violation.

Written by Rebecca Borg

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This move is set to boost Australia’s crypto gains

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Coinbase is coming down under, in a major boost for the country’s crypto gains

The crypto platform is calling the country “a priority market”.

It will add its local payments platform so Australians can transfer dollars into their Coinbase account.

There will also be advanced trading tools and better pricing.

Users will also receive 24 hour support, where they can ask all about their accounts and concerns.

The exchange is registered with a local regulator to provide its digital currency exchange services.

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TikTok’s parent company loses $7bn

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TikTok’s Parent company sees losses grow as it tries to outplay Facebook, Instagram and YouTube

TikTok’s parent company, ByteDance, has experienced a loss of more than $7 billion dollars in operating costs, tripling last year’s records.

The company attributes the huge loss to its massive investment in global growth. It detailed the results in a financial report which was provided to internal stakeholders.

In the first quarter of 2022, the company recorded a profit in its operating costs, with the company’s revenue expanding by more than 80% to $61.7 billion in 2021.

But expenses that are focused on expanding its products worldwide continue to swell at a rapid rate.

While TikTok is one of ByteDance’s most successful and well-known products, the company owns a wide range of digital platforms including: Douyin, Toutiao, Vigo Video, Helo, Lark and BytePlus. In total, it attracts hundreds of millions of users in China alone and 1 billion TikTok users worldwide.

The internal report was emailed to all ByteDance’s 130,000 employees. In a note of assurance, company execs “remain confident in the strength of our business and organisation.”

The ability for ByteDance to continue to invest in the company’s growth is clearly a strong advantage the company has over its competitors in the market.

A new report found Australians spent more time on TikTok in the last 12 months than on Facebook, a leader for many years in the space.

With other platforms such as Facebook, Instagram and YouTube scrambling to compete with TikTok, it seems ByteDance must have a long-term expansion strategy in mind.

The company is evidently trying to arrive at a place where such massive losses relating to operating will be a distant memory.

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How to score one of 500,000 free airline tickets up for grabs

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Virgin Atlantic has made the controversial decision to stop operating in Hong Kong

It says the war in Ukraine and restricted air space are the reasons behind the change.

Customers will be offered a refund if they wish.

The war in Ukraine has caused many airlines to pause routes because of safety concerns.

It comes as Hong Kong is set to give away 500,000 airline tickets as it looks to bring tourists back after the pandemic.

The major deal is part of the city’s push to bring life back to the city, which has been under strict COVID measures for much of the last two years.

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