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Reading Cooperative Bank Raises Employee Starting Wage To 15

first_img(NOTE: Reading Cooperative Bank has two locations in Wilmington — 230 Lowell Street and 352 Middlesex Avenue.)READING, MA — Reading Cooperative Bank (RCB) recently announced that it would be increasing the minimum wage for all Bank employees to $15 per hour. The decision was announced at RCB’s year-end employee meeting, where President & CEO Julie Thurlow spoke to the company about the Board of Directors’ plan to help full-and-part-time employees struggling with the rising cost of living in Massachusetts.“We just felt like it was the right thing to do,” Thurlow responded when asked about the move. “We understand that one size does not fit all, and we would never presume that every company can afford to take such measures. The Bank still strongly believes that matters such as this should remain in the hands of individuals, not government.”Thurlow went on to elaborate about the plight of small businesses in the area: “As much as we strive to support workers who just want to make a living wage, we are certainly cognizant of the limitations that our local small business owners face daily and respect the decisions they have to make.”(NOTE: The above press release is from Reading Cooperative Bank.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedBUSINESS BRIEF: Reading Cooperative Bank Is A Founding Member Of Alloy LabsIn “Business”BUSINESS BRIEF: Reading Cooperative Bank Supports Mystic Valley Elder Services’ Elder Independence FundIn “Business”BUSINESS BRIEF: Reading Cooperative Bank Announces 3 New Branch Managers, Including Changes In WilmingtonIn “Business”last_img read more

Narayana Murthy hits back at Infosys board says extremely anguished by allegations

first_imgN. R. Narayana Murthy, founder and former chairman of Infosys.Reuters fileIT major Infosys’ co-founder and chairman emeritus Narayana Murthy has hit back at the company’s board saying that he is “extremely anguished by the allegations, tone and tenor” of statements issued after the resignation of MD and CEO Dr. Vishal Sikka.Dr. Sikka resigned from his position on Friday morning. He has accepted a new position of executive vice chairman to ensure continuity until the new management is in place.Read the FULL TEXT of Narayana Murthy’s statement:I have read the statement issued by the Board of Directors of Infosys.I am extremely anguished by the allegations, tone and tenor of the statements. I voluntarily left the Board in 2014 and am not seeking any money, position for children or power. My concern primarily was the deteriorating standard of corporate governance which I have repeatedly brought to the notice of the Infosys board.It is below my dignity to respond to such baseless insinuations. However, several shareholders who have read the whistle-blower report have told me that it is hard to believe a report produced by a set of accused, giving a clean chit to the accused, and the accused refusing to disclose why they got a clean chit! They say that this is not the way an impartial and objective investigation should be held.I will reply to these allegations in the right manner and in the right forum and at the appropriate time.last_img read more