Microsoft Nears Workers' Union Debut In US - Microsoft (NASDAQ:MSFT)

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  • A group of Microsoft Corp MSFT employees voted to mark the debut of the software company’s labor union in the U.S.
  • The group comprises about 300 quality-assurance testers in Microsoft’s ZeniMax unit, the Communications Workers of America, which is representing it, said the Wall Street Journal reports.
  • In June, Microsoft disclosed its acceptance of labor unions.
  • Microsoft also agreed to support workers’ unionization at Activision Blizzard, Inc ATVI lest the deal held good. Microsoft announced plans to buy Activision a year ago for $75 billion. 
  • “Microsoft has lived up to its commitment to its workers and let them decide for themselves whether they want a union,” CWA President Chris Shelton said.
  • Contrastingly, Amazon.com Inc AMZN contested workers’ unionization efforts.
  • Other big companies where new groups of workers jumped the unionization bandwagon included Apple Inc AAPLStarbucks Corp SBUX, Trader Joe’s, Recreational Equipment Inc and Chipotle Mexican Grill, Inc CMG.
  • Price Action: MSFT shares traded lower by 2.66% at $233.20 premarket on the last check Wednesday.
  • Photo via Pixabay

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Image and article originally from www.benzinga.com. Read the original article here.