REI to Reduce Pay and Benefits Amid Union Tensions

REI has announced plans to lower pay rates for new hires and decrease benefits for existing employees. Bloomberg posted on X, highlighting this move as a new point of contention between the retailer and its unionizing workforce. The decision comes as REI faces financial challenges, prompting concerns among employees about the impact on their livelihoods. The company's actions are likely to intensify ongoing discussions with labor unions, as workers seek to address these changes in their employment conditions.