Fox Business Flash top headlines for January 22
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
NEW YORK — A weeklong strike at the nation’s largest wholesale produce market ended Saturday after workers overwhelmingly approved a deal that includes their largest pay increase in decades and more money for health coverage.
Continue Reading Below
Employees at New York City’s Hunts Point Produce Market will receive raises totaling $1.85 per hour over three years, including an increase of 70 cents per hour in the first year, their union said. Management will also made additional contributions of 40 cents per hour to employee healthcare.
About 1,400 members of Teamsters Local 202 walked off the job at the Bronx market Jan. 17, upset with how they were being compensated while continuing to keep operations going throughout the coronavirus pandemic, which caused the death of six employees. It was the first strike at the market since 1986.
“Some of us can get a little bit of safe harbor by working from home or telecommuting. These folks can not do that,” Local 202 President Danny Kane said in a telephone interview.
INSTACART CUTTING 1,900 JOBS AS COMPANY RAMPS UP SCALE, ADDS NEW SERVICE MODEL
Workers will start returning to work at the market Sunday, the union said. About 97% of striking employees voted in favor of the deal, which will raise the average base pay for most workers to $20.42 per hour in its third year, the union said.
A message seeking comment was left with management at the market, a cooperative of more than 30 vendors.
In a previous statement, management said that it was “proud to have kept our union workers — the vast majority of whom live right here in the Bronx — working and on payroll with full health benefits” while many people were unemployed because of the pandemic.
Workers had been seeking a yearly increase of $1 per hour in pay and 60 cents toward health insurance. Management initially offered a pay raise of 32 cents per hour, plus 60 cents towards health insurance coverage.