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On June 2nd, Swiss National Bank (SNB) President Schlegel stated that the bank has not set a specific exchange rate target. He reiterated the central banks stance that its willingness to intervene in the Swiss francs exchange rate has increased. He stated, "The SNB ensures an appropriate monetary environment by setting the central banks policy rate and will take other measures, such as intervention in the foreign exchange market, when necessary. However, the SNB does not pursue an exchange rate target. Due to the deteriorating situation in the Middle East, the Swiss franc is facing upward pressure, leading to a stronger willingness for the central bank to intervene in the foreign exchange market."Crimean leaders stated that Russian President Vladimir Putin has personally taken charge of addressing the gasoline shortage on the peninsula and urged the public to remain patient and calm in the face of the shortage.On June 2nd, Liu Guozhong, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, conducted research in Hebei Province from June 1st to 2nd. He emphasized the need to maintain unwavering focus on the "Three Summers" (summer planting, summer harvesting, and summer management) to solidify the foundation for a bumper grain harvest throughout the year, to carry out regular monitoring and assistance in a solid and effective manner, and to continuously consolidate and expand the achievements in poverty alleviation, laying a solid foundation for the comprehensive revitalization of rural areas and high-quality economic and social development. Liu Guozhong stressed the importance of ensuring the smooth procurement of summer grain, guiding various enterprises to actively participate in the market, and promoting grain prices to remain at a reasonable level. He also emphasized the need to coordinate summer planting and management, strengthen the supply and price stability of fertilizers, guide scientific fertilization and fertilizer conservation, and implement detailed measures to increase yields on a large scale.The Russian Ministry of Defense stated that it had struck defense industrial facilities in several regions of Ukraine.June 2 – On June 2, Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT), met with a delegation led by Sir John Woodward, Chairman of the China-Britain Business Council, and Peter White, CEO, in Beijing. The two sides exchanged views on promoting exchanges between the Chinese and British business communities, consolidating and enhancing cooperation between the two organizations, jointly serving mutual investment between Chinese and British companies and conducting third-party market cooperation, and deepening international cooperation in industrial and supply chains.

Amazon Files a Grievance Against the Union's Victory in New York, Claiming Collusion

Haiden Holmes

Apr 08, 2022 10:02

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The United States' National Labor Relations Board (NLRB) has given Amazon until April 22 to substantiate its opposition to last week's poll in New York, in which Staten Island employees chose to create the company's first union in the United States. Amazon sought more time to provide evidence due to the "substantial" nature of its concerns, the company said in a filing Wednesday.


A verified election outcome would give organized labor a footing in the second biggest private employer in the United States, with the ability to affect how Amazon conducts its finely calibrated business.


Around 55% of employees at Amazon's JFK8 warehouse in the New York City borough of Staten Island who participated in the election chose to join the Amazon Labor Union (ALU), which has requested more compensation and job security. Since then, the union has been approached by employees at an additional 50 Amazon locations in the United States, according to the group's chairman.


Amazon's lawsuit said that company intends to challenge the decision on the grounds that the ALU interfered with workers in line to vote and that extended wait times decreased participation. Approximately 58% of eligible voters voted in person across many days.


Eric Milner, an attorney with the legal firm Simon & Milner who represents the ALU, denounced Amazon's assertions as bogus and said that they will be overturned.


"To assert that the Amazon Labor Union threatened staff is ludicrous," he said. "The Amazon Labor Union is composed entirely of Amazon workers."


Separately, the RWDSU expressed opposition on Thursday to an election in Bessemer, Alabama, in which Amazon employees voted against unionization. It was the second election in Bessemer, after the NLRB's determination that Amazon intervened unfairly in the last election there last year. The most recent results are still pending due to hundreds of contested votes and now the RWDSU's objections, which may prolong the process by months.


"We want our workers' votes to be heard," Amazon spokeswoman Kelly Nantel said. "We hope the NLRB considers every legitimate vote."


The RWDSU said in a filing that Amazon unjustly deleted pro-union information from non-work locations and dismissed one employee for speaking out in support of the union during required work sessions. The RWDSU said that these were sufficient reasons for the NLRB to vacate the decision.


Amazon expressed dissatisfaction with the RWDSU's activities, including the union's discussions with employees about the usage of a mailbox on warehouse property, but said that raising objections was regular procedure.


The company will have a difficult time showing that the New York union breached regulations governing employee involvement, according to John Logan, a labor expert at San Francisco State University.


Additionally, the NLRB often takes employer-related claimed breaches more seriously than union-related alleged violations, he said, since businesses wield more authority over employees.


"It's going to be really difficult" for Amazon, he said.

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