AEROSPACE
Raytheon CEO expects to lose thousands of employees to vaccine mandate
The top executive of the aerospace and defense giant Raytheon Technologies said Tuesday that he expects to lose thousands of staffers who will not comply with a companywide coronavirus vaccination mandate for US employees. In an interview on CNBC, CEO Greg Hayes said, “We will lose several thousand people,” adding that hiring was underway. The news agency Reuters first reported on Hayes’s comments about the expected departures, which amount to a fraction of Raytheon’s 125,000-strong US workforce. The company announced the vaccination mandate last month. Other large defense contractors have instituted their own mandates, following President Biden’s announcement of sweeping vaccination requirements that cover millions of contractors that do business with the federal government. In August, the Pentagon announced that it was making coronavirus vaccinations mandatory for military personnel. — WASHINGTON POST
PANDEMIC
More than 96 percent of Tyson employees are vaccinated
Nearly three months after Tyson Foods mandated coronavirus vaccines for all its 120,000 US workers, more than 96 percent of them are vaccinated, the company’s chief executive, Donnie King, said in an employee memo on Tuesday. Less than half of Tyson’s workforce was inoculated when it announced on Aug. 3 that it would require vaccines. Nearly 60,000 more Tyson employees got the shot following the announcement, Mr. King said. Tyson has said workers must be fully vaccinated by Nov. 1 as a condition of employment. Tyson was one of the first major companies to mandate vaccines after incentives like paid time off to be inoculated started to lose traction. Its stance was notable because it included frontline workers even as labor shortage concerns prevented many companies from expanding vaccine mandates beyond the office. Meatpacking involves close quarters and long hours, which make its workers particularly vulnerable to catching the coronavirus. A number of workers died last year after the virus swept through the nation’s processing plants. — NEW YORK TIMES
DELIVERIES
UPS profit up on e-commerce
United Parcel Service rode higher prices and strong delivery demand driven by e-commerce to post profit that topped analysts’ expectations. It also raised its operating margin outlook to 13 percent for 2021 from an earlier target of 12.7 percent. UPS and rival FedEx have been grappling with hefty volume since the pandemic hit last year. Both have aggressively raised prices to offset the expense of handling more residential deliveries, which have grown faster than more-profitable commercial packages. — BLOOMBERG NEWS
ELECTRIC VEHICLES
GM to use dealerships to deploy chargers
General Motors will use its dealership network to deploy up to 40,000 electric vehicle chargers across the United States and Canada,…
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