Families and workers must be supported through public health emergency NewsLocal NewsLimerick councillors in show of solidarity with Dunnes workersBy Alan Jacques – April 10, 2015 1182 WhatsApp Twitter TAGSAnti Austerity AllianceCllr John LoftusCllr Maurice QuinlivanCllr Paul KellerDunnes StoresFianna FáillimerickNiall Collins TDSinn Fein Facebook Advertisement Linkedin Email Council to look at reasons behind city business closures Previous articleRugby – All Ireland league enters final weekend #ublNext articleRUGBY – Munster at full strength for Edinburgh clash Alan Jacqueshttp://www.limerickpost.ie Print Limerick worst affected for trolley numbers Councillor’s show and tell of Limerick litter problem Jetland opens a new chapter in Dunne’s Limerick story RELATED ARTICLESMORE FROM AUTHOR Minister Harris “missing in action again” as crisis in University Hospital Limerick is raised in Dáil says Limerick TD by Alan [email protected] up for the weekly Limerick Post newsletter Sign Up Sinn Fein councillors Seamus Browne, Maurice Quinlivan, Lisa Marie Sheehy, Seighin O Ceallaigh and Malachy McCreesh with Dunnes Stores workers in Limerick.LOCAL politicians expressed their firm support for the Dunnes Stores during their one day strike in Limerick last Thursday over the imposition of zero hour contracts.Fianna Fáil Justice spokesman Niall Collins was one of the first on the picket line while Sinn Féin leader on Limerick City and County Council, Cllr Maurice Quinlivan, expressed his party’s support for the introduction of a living wage as he joined staff outside Dunnes stores at Jetland and Howley’s Quay.“The application of zero hour contracts, and the imposition of low pay rates are sources of great hardship for working families. They damage any hope of a real recovery.” said Cllr Quinlivan.“Dunnes workers have been left with no option but to engage in industrial action in an effort to secure fair pay and secure hours. They, and the 129,000 low-paid workers in this state, deserve certainty about their hours of work and income,” he added.Limerick’s three Anti-Austerity Alliance councillors also offered full support and solidarity to Dunnes Stores workers during their strike action. Cllr John Loftus called on people to support this “important strike” by not passing the pickets and to stand in solidarity with the workers.“Dunnes Stores is a major, profitable company which is using low-hours contracts to maximise its profits,” said Cllr Loftus.Fellow AAA councillor Paul Keller said the strike was an important step in the fight against the return of 19th century working conditions through the spread of low hour contracts.“These contracts have been used by management as a weapon to punish and bully workers through the withdrawal of hours from one week to the next,” he claimed.
Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Rober Reffkin and J. Gregory Maffei (Getty, Linkedin, iStock)A former Compass agent has accused the New York brokerage of using “bait-and-switch” tactics to lure him and other agents from competitors.In a lawsuit filed in California last week, J. Gregory Maffei alleged Compass utilizes “unfair, unlawful and fraudulent business practices” designed to gain market share by recruiting agents with an “empty promise.”The complaint, which seeks class-action status, demands $10 million in damages and reimbursement for unpaid commission and expenses.By including Maffei’s contract, the suit further pulls back the curtain on Compass’ recruiting tactics, which have been the subject of other lawsuits from competing firms, including Realogy.Maffei’s suit claims Compass has leveraged “more than $1 billion in funding from venture capitalists to support its ‘bait-and-switch’ tactics and to account for the losses Compass has incurred by overpaying and poaching its competitors’ real estate agents.” The filing was first reported by Inman.According to the suit, Maffei joined Compass last year after 14 years at RE/MAX Estate Properties in Los Angeles.Compass offered an “amazing compensation package,” including a $16,800 signing bonus, 90 percent split and a $49,000 “launch” marketing budget to get Maffei up and running, the suit claimed. It also promised restricted stock units.Maffei claimed Compass didn’t tell him he’d receive restricted stock in the company, not common stock. Restricted stock units are subject to vesting and other restrictions.Since 2018, Compass has allowed agents to invest commission payments into company stock, which agents hope will be valuable once the company goes public. Having raised $1.5 billion from investors, including SoftBank, Compass hired bookrunners last year to lay the groundwork for a potential IPO.But Maffei alleged the model is nothing more than an “unlawful Ponzi scheme or a get-rich-quick scheme,” the complaint read. “Compass’ agents were pressured to give up hard-earned money to invest in Compass.”According to the complaint, Compass also breached agents’ independent contractor agreements, in part by exercising a level of control of agents that should warrant employee status. It also paid out commissions based on a net commission number that includes deductions for expenses. And it engages in price-fixing by collecting its share of earned commission “based on the industry standard of 5 percent,” even if the seller and agent negotiated a lower amount.Compass didn’t immediately respond to a request for comment. [Inman] — E.B. Solomont and Orion JonesRead moreCompass re-ups agent equity program ahead of IPO Why Compass wants to go public now The definitive guide to the Compass C-suite TagscompassReal Estate Lawsuitssoftbank