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Spot silver fell more than 1.00% on the day, currently trading at $83.29 per ounce.According to Futures News on February 12, the worlds largest silver ETF, iShares Silver Trust, increased its holdings by 19.73 tons from the previous day, with its current holdings at 16,236.18 tons.1. The three major U.S. stock indexes closed slightly lower. The Dow Jones Industrial Average fell 0.13% to 50,121.4 points, the S&P 500 was flat at 6,941.47 points, and the Nasdaq Composite fell 0.16% to 23,066.47 points. IBM fell more than 6%, and Salesforce fell more than 4%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 0.57%, with Google and Microsoft falling more than 2%. The Nasdaq China Golden Dragon Index fell 0.65%, with Hesai Technology falling nearly 6% and Huya falling more than 5%. 2. The three major European stock indexes closed mixed. The German DAX fell 0.53% to 24,856.15 points, the French CAC40 fell 0.18% to 8,313.24 points, and the UK FTSE 100 rose 1.14% to 10,472.11 points. 3. International precious metals futures generally closed higher, with COMEX gold futures rising 1.53% to $5107.80 per ounce and COMEX silver futures rising 4.60% to $84.08 per ounce. 4. The most active US crude oil contract closed up 1.45% at $64.89 per barrel; the most active Brent crude oil contract rose 1.15% to $69.60 per barrel.Key Futures Data and Events to Watch Today (February 12, 2026), Thursday: 1. IEA Monthly Oil Market Report; 2. Conab Fifth Brazil 2025/26 Grain Production Survey Results; 3. China Rebar Weekly Mill Production and Inventory Report (to February 12); 4. US Net Export Sales Report (to February 5, 2025/2026 Marketing Year); 5. US Initial Jobless Claims (to February 7).Reserve Bank of Australia Governor Bullock: We will continue to monitor the data and will take action if inflation remains high.

A Labor Board Official Concludes That Amazon's Forced Union Meetings Are Illegal

Charlie Brooks

May 07, 2022 10:11

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A U.S. labor board member believes Amazon.com Inc. (NASDAQ:AMZN) violated federal law by holding required staff meetings in New York City to discourage unionization, according to a board representative on Friday. This might set a new legal precedent.


According to a revised lawsuit and an audio clip released with Reuters by the Amazon Labor Union, the retailer allegedly coerced employees at an Amazon facility on Staten Island to attend so-called captive audience trainings and threatened to fire employees who joined the ALU.


Kayla Blado, a representative for the National Labor Relations Board, stated that the regional director of the Brooklyn-based office of the NLRB has found merit in the claims, a potential first for captive-audience techniques. If the parties are unable to reach a settlement, the Brooklyn division will file a complaint against Amazon that might be adjudicated at the federal level by the NLRB.


Staten Island is a part of the Brooklyn region for the NLRB.


According to a recording obtained by the ALU, an Amazon manager warned employees in March that if they voted to organize, unions might negotiate for a contract condition that "would oblige Amazon to terminate you if you don't want to join the union and pay union dues."


Amazon spokesman Kelly Nantel stated in a statement, "These allegations are unfounded, and we look forward to demonstrating that throughout the process." Amazon stated that mandatory meetings have been lawful for over seventy years and are regularly held by businesses.


The precedent of the NLRB that meetings are lawful dates back to the 1940s.


Within weeks of the March event, the New York warehouse voted to join the ALU, becoming the first Amazon operation in the United States to unionize. Amazon contests the outcome.


Amazon's meetings have been a flashpoint for labor organizers who, for years, attempted to represent workers at the second-largest private employer in the United States but lacked a place to challenge the company's perspective.


The ALU's pro bono attorney, Seth Goldstein, stated, "We hope that Amazon will halt its baseless challenges to our resounding election victory and instead focus on correcting its unconstitutional union-busting actions."


Jennifer Abruzzo, the NLRB's senior attorney, requested the board last month to prohibit firms from requiring employees to attend anti-union meetings, arguing that such events violate employees' freedom of choice. Abruzzo stated that she will petition the board to reverse the ruling that the meetings are permissible in a future instance.


Last year, President Joe Biden, regarded as the most pro-union U.S. president in decades, nominated Abruzzo as general counsel, a post independent of the NLRB's five members.