Tuesday, September 3 2013
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Layoffs for Bank Employees Throughout Ohio
While the housing market continues to post healthy numbers, the recent downturn in mortgage refinancing has had an unfortunate impact on banking employees in the state. Both Bank of America and Fifth Third have announced plans to layoff workers this month and shutter banking sites throughout Ohio, including Cincinnati.
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Procter & Gamble Sponsors Anti-Discrimination Legislation
Cincinnati-based Procter & Gamble joined other Fortune 500 companies last week when it sponsored legislation ending workplace discrimination based on sexual orientation and gender identity. There is no law currently on the books that penalizes or limits a workplace from refusing to hire or firing someone based on their sexuality. The Employment Non-Discrimination Act has strong bipartisan support and is supported by many small businesses.
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Lunken Airport Missed Out on Thousands of Dollars for Improvements
Lunken Airport missed out on hundreds of thousands of dollars in improvements due to poor management and technology problems, according to an audit by the city’s Citizen Complaint and Internal Audit department. Among the findings, the city failed to collect landing fees that totaled $120,000 and is owed $420,000 for six years of back rent from the Metropolitan Sewer Department. Despite the losses, Lunken remains in the black and generated $2.1 million in revenue last year.
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Charter Amendment on City Pensions to Make Ballot Appearance
The city’s impending pension crisis comes to a head today, as City Council will take up a vote on whether to place a pension-altering charter amendment on the ballot this fall. Previously opposed by a large majority of the council, the ballot initiative comes by way more than 8,000 petition signatures collected by the Cincinnati for Pension Reform Committee. The group proposes replacing the current pension system with 401k-style retirement accounts for all new employees after the end of the year.
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Cranley Winning the Cash Competition in Mayoral Race
Mayoral candidate John Cranley has now outraised his primary opponent Vice Mayor Roxanne Qualls by more than $150,000. The former councilman has said he plans to raise at least $1 million by election day and his latest numbers suggest that goal is within reach, having already raised over $561,000 in total.
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