Latest news with #paycut
Washington Post
29-07-2025
- Business
- Washington Post
Who wants to be a millionaire? 1 in 10 Americans already is but the status loses its luster
NEW YORK — As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn't afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year.
BBC News
21-07-2025
- Politics
- BBC News
Union attacks 'outrageous' treatment of Birmingham bin workers
A union has described the treatment of Birmingham bin workers as "outrageous" and called on the government to intervene in the long-running Labour-affiliated Fire Brigades Union (FBU) issued the plea to Prime Minister Sir Keir Starmer and his deputy Angela Rayner, urging them to deliver a "decent settlement".Members of Unite began a series of walk-outs in January, before starting an all-out strike in March, which led to bags of rubbish piling up across the city's government said it was committed to a "sustainable resolution" and had worked with the council to tackle the backlog of uncollected waste. FBU general secretary Steve Wright said ministers must use their influence to insist Birmingham City Council halt its planned changes to the city's waste collection services, which Unite said would lead to some workers losing up to £8,000 a year."The treatment of the bin workers has been outrageous," he said."It's a disgrace that a Labour-led council forced these dedicated public servants to go on strike by attempting to cut their pay by thousands of pounds."He said unions affiliated to Labour, like the FBU, would not tolerate a "betrayal" of the striking bin workers. Mr Wright likened the current Labour government's approach to Tony Blair's cabinet in the 1990s, highlighting what he said was the latter's failure to intervene in a dispute involving Liverpool dockers, as well as strikes by Hillingdon hospital staff and Magnet kitchen Birmingham dispute initially centred on the council's decision to remove Waste Recycling and Collection Officer roles, which it said was not industry-standard, adding that failing to do so would open it up to further equal pay claims. More recently, it has also focused on a pay deal for bin lorry drivers. A Ministry of Housing, Communities and Local Government spokesperson said it had been "working intensively" with the council to clean up the streets "in the interests of Birmingham residents and public health".They added: "The government remains committed to supporting Birmingham's long-term transformation for the benefit of local residents and to a sustainable resolution of the equal pay issues which have been left unresolved for far too long."Unite recently suspended Rayner's membership of the union and added it was re-examining its relationship with Labour. Despite not contributing to last year's election campaign, the union remains Labour's largest single donor. The city council has insisted the changes it is trying to implement would improve the waste and recycling service for residents, with the city's recycling rates historically among the worst in the added that affected workers had been offered other jobs, voluntary redundancy or pay protection for six this month, the BBC was informed talks to resolve the dispute had broken down completely and some bin lorry drivers were at risk of compulsory union had previously suggested Grade 4 drivers could see their pay drop from £40,000 to £32,000 under council service Acas had been mediating in the negotiations since May but the local authority walked away from the time, council leader John Cotton said it had "reached the absolute limit" of what it could offer in talks with the general secretary Sharon Graham claimed the council had resorted to a "fire and rehire" strategy, which she said would not work. Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
Daily Mail
20-07-2025
- Business
- Daily Mail
Marcus Rashford pictured arriving in Barcelona as it emerges Man United exile is taking a pay cut to complete dream move
Marcus Rashford's willingness to take a 15 per cent pay cut paved the way for his loan move to Barcelona. The Spanish champions made the Manchester United outcast - who was seen arriving in Barcelona on Sunday night - their top target this summer despite flirtations with Liverpool 's Luis Diaz and Spain winger Nico Williams. But Barcelona, who have had major financial issues for years, have so far been unable to register new signings and Rashford might have to wait until after the club's tour of Asia, which starts this week, to be officially added to their squad. His salary sacrifice — a 15 per cent reduction on his £315,000-a-week wages — makes that more likely. Barcelona had problems registering players last summer with new arrival Dani Olmo having to sit out the first three matches of the campaign before eventually getting La Liga clearance. Rashford almost signed for Barcelona in January but La Liga insisted the club sell before they buy and when they failed to offload Ansu Fati, who has since moved to Monaco, the deal had to be put on hold. Marcus Rashford in Barcelona! 👀 — UtdXclusive (@UtdXclusive) July 20, 2025 Rashford arrives with no obligatory buy-clause and already publicly declared desire to link up with Yamal. He flew into Barcelona on Sunday night and will train for the first time with his new team-mates on Tuesday subject to a medical on Monday.
The Sun
15-07-2025
- Entertainment
- The Sun
Gary Lineker tops BBC best-paid list with Naga Munchetty among biggest earners amid ‘bullying' row as salaries revealed
GARY Lineker ended his time with the BBC by topping the Corporation's pay league for the eighth consecutive year. Its annual salary report shows the ex-Match of the Day host, 64, remained in the £1,350,000 to £1,354,999 bracket before he quit in May following a social media row over a pro-Palestinian video. 7 7 7 Radio 2 host Zoe Ball, 53, remained the Beeb's second-highest earner despite a significant pay cut when she left the breakfast show,. She is now in the £515,000 - £519,999 grade, dropping from £950,000 to £954,999. Key points in the BBC Annual Report Gary Lineker has topped the list of highest earners for another year He was followed by Zoe Ball, who remains second best-paid at the Beeb despite her dramatic pay cut More than two thirds of the broadcaster's top 20 earners received pay rises BBC Breakfast star Naga Munchetty received a boost to her pay, but co-host Charlie Stayt's salary stayed the same Disgraced presenter Huw Edwards did not feature on the list after his exit from the broadcaster Meanwhile the number of people paying for a TV licence fell by around 300,000 last year - almost two per cent in all Other top earners include Alan Shearer on £440k, Greg James on £425k and Fiona Bruce on £410k - all three receiving pay rises. But a pay row could brew on scandal-hit BBC Breakfast as under-fire host Naga Munchetty received a £10k boost to £355k whilst co-host Charlie Stayt remained stuck in the £190k bracket. It comes amid a bullying row on the flagship news programme, with director Richard Frediani under investigation. Nearly 70 per cent of the BBC's top 20 earners received pay rises. Some 56 per cent of the rich list are from the Corporation's news teams. Elsewhere, other big names include Radio 2's Vernon Kay on £390k and Scott Mills on £355k. Dominating the newsroom are Radio 4's Nick Robinson on £410k, Laura Kuessenberg on £395k and Clive Nyrie's £335k. In sport, Mark Chapman has seen a £65k increase to £325k after taking on more duties after Gary's departure. One of the Beeb's former highest-earners, Huw Edwards, does not feature in 24/25's pay disclose list after he left in April 2024 amid an explicit image scandal. The BBC has not escaped scandal this year, though. MasterChef's Gregg Wallace, was fired this week for inappropriate conduct. Wynne Evans was also sacked by BBC Radio Wales after a row on Strictly Come Dancing. However neither would feature in the publicly-funded BBC's salary dossier, which discloses salaries above £178,000, because they are paid by external production firms or BBC Studios, the corporation's commercial arm. Many big names, including Claudia Winkleman, Tess Daly, Graham Norton and Bradley Walsh do not feature for the same reason. It comes as under-fire Director General Tim Davie received a £15k pay hike despite systemic failure. He took home £540k. Meanwhile the number of people paying for a TV licence fell by around 300,000 last year - almost two per cent in all. Some 23.8m licences are in force, down from 24.1m in 2023/2024. But because of a hike in cost to £169.50, the BBC says it gathered some £183m more from the fees. Despite the drop, it said the "vast majority of our audiences remained committed to paying the licence fee". The broadcaster's Annual Report has been released today, but it comes as The Sun revealed the Beeb asked John Torode to resign from Masterchef after he was accused of racism. A report upheld 45 of 83 allegations of bad behaviour against his co-host Gregg Wallace, who was axed last week. 7 7 The dossier also upheld a complaint that an unnamed person used a racial phrase once several years ago. Torode confirmed to The Sun it referred to him, but said: 'I have absolutely no recollection of this, and I do not believe that it happened.' The BBC also told the MasterChef presenter to pretend he had mental health issues after accusing him of racism, it was claimed. The stunned Aussie, 59, was asked to resign over the weekend after being dragged into the Gregg Wallace scandal. Shockingly, sources said the BBC and production company Banijay asked John to resign from the beleaguered show last week and claim he had mental health problems — to which he refused. Torode, who has hosted the BBC1 cooking show with Wallace since 2005, was shocked to be told of the allegation — which did not receive a complaint at the time but had been raised with investigators. In a farcical turn of events, the BBC was unable to specify the time or date of the allegation, narrowing it down to '2018 or 2019'. The Beeb admitted the future of Masterchef was hanging in the balance after the shocking revelations and probes into both hosts. A total of 45 out of the 83 allegations made against Gregg during his time on the show were substantiated, including one allegation of "unwelcome physical contact". The corporation said the possibility of Gregg returning to MasterChef was "untenable". And they also issued a statement on the future of the new series of MasterChef, saying that, at this time, 'we are not going to make a final decision on the broadcast of the series that was filmed last year.' 7
Yahoo
13-07-2025
- Business
- Yahoo
Las Vegas cops face 2% cut in take-home pay thanks to planned increase in retirement contributions, union says
Las Vegas police officers have decided not to go on strike after department employees were asked to consider work action in the face of a planned increase to their retirement contributions that union officials say would decrease their take-home pay. Instead, the Las Vegas Police Protective Association (PPA), the union representing officers, has entered talks with the department regarding pay increases, according to the Las Vegas Journal-Review. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it 'Due to the fear of retaliation, rather than support for the officers by their immediate leadership, we made the decision to ask our members to continue to work and allow the PPA, through newly expanded contract negotiations, to fight and get the pay cut fixed so officers do not lose a single penny of pay,' Steve Grammas, the union's president, told the publication in a story published July 3. Here are the details behind the contribution changes, why it could mean a pay cut for officers and how it all came to this. In November, the state-run Public Employees' Retirement System (PERS) decided to increase the contribution rate for Nevada police and fire employees up from 50% of gross pay to 58.75%. Contributions are shared equally between employees and employers. Combined with a 2.6% cost-of-living pay increase also taking effect, Grammas told the Journal-Review that take-home pay for officers would decrease by around 2% starting July 18. The figures prompted the union to poll its members, asking them to consider actions that would result in work disruptions starting July 4. But, the union opted to negotiate. The PERS program gives participants guaranteed income for life after they retire. Ideally, contributions and investment earnings would cover pension payouts, but that hasn't been the case for decades, reports the Journal-Review. As of fiscal year 2024, the system was only around 75% funded with an unfunded liability of $20 billion. To address this shortfall, PERS has increased its contribution rates, and since local governments have to pitch in their half, that leaves them less money to boost take-home pay. Local broadcaster 8 News Now also reports a struggle to keep up with pay and retirement benefits has led to a staffing crunch, a situation that can further impact contributions. Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings. In a situation like this, where employees receive a haircut to their take-home pay through no fault of their own, there may be a few options available to try to deal with the issue, including: Transferring to a location where contributions aren't so high or looking for a job elsewhere that has better terms for employees Working overtime to make more money to make up for the pay decrease, or starting a side-gig Finding cuts to make in your budget, such as dining out less, cutting a streaming service or trimming other non-essential expenses If you work a union job, press leadership to negotiate better terms None of these options are ideal, but if you need to make up for lost income, they may be among the few choices workers have. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Here are the 6 levels of wealth for retirement-age Americans — are you near the top or bottom of the pyramid? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
