Apple_and_Union_Reach historic labor Deal for us
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00:00It's Benzinga, and here's what's on the block.
00:03Apple and the union representing retail workers at its store in Towson, Maryland, agreed to
00:07a tentative labor deal that would be Apple's first U.S. labor contract.
00:11The deal still needs to be ratified by over 80 rank-and-file members at the Towson store
00:15before taking effect.
00:17The labor deal includes scheduling improvements for a better work-life balance, pay increases
00:22of 10 percent over three years, and job protections like severance packages and limits on contract
00:27employees.
00:28Only one other Apple store in Oklahoma City has voted to unionize, represented by Communications
00:33Workers of America.
00:35Apple has around 270 stores in the U.S., and this deal would be a milestone as the first
00:40labor contract for any U.S. Apple worker.
00:42For all things money, visit Benzinga.com.