financetom
Business
financetom
/
Business
/
US SEC tells staff to return to office in move union calls illegal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US SEC tells staff to return to office in move union calls illegal
Feb 26, 2025 12:40 PM

NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has told unionized employees they will have to return to the office in mid-April, unless they have certain exemptions, according to a memo seen by Reuters.

The move follows similar efforts at the agency with its non-union staff, as well as across the federal workforce, in response to a mandate by Republican President Donald Trump that officials terminate remote or hybrid work arrangements.

Citing that directive, guidance from the Office of Personnel Management, SEC Chief Operating Officer Ken Johnson said in a memo to all staff they will be required to work on-site beginning April 14, 2025, the SEC's February 25 memo said.

He also said the return-to-work directive would "best position the SEC to fulfill the agency's mission."

The SEC did not immediately respond to requests for comment. The head of the National Treasury Employees Union Chapter 239, which represents SEC employees, also did not respond to requests for comment.

But in an email to members seen by Reuters, the union said the SEC's action "plainly violates" the union contract and called the order illegal.

"Like you, the union only received notice of this order by the SEC management moments ago," the email said.

The union's 2023 collective bargaining agreement outlines telework options for approved employees. That agreement lasts three years.

The NTEU's national office declined to comment.

The union said in its email that it will ask the SEC to rescind the directive, clarify it does not apply to members of the union, and admit it violated the statute, among other requests.

Still, it told members to prepare to return to work on April 14.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Canada's TD Bank quarterly profit falls on US business weakness
Canada's TD Bank quarterly profit falls on US business weakness
Dec 5, 2024
Dec 5 (Reuters) - Canada's second-biggest lender TD Bank reported a fall in fourth-quarter profit on Thursday, hurt by weakness in its U.S. business due to the impact of anti-money laundering issues. The bank's adjusted net income fell to C$3.21 billion ($2.28 billion), or C$1.72 per share, in the three months ended Oct. 31, from C$3.49 billion, or C$1.82 per...
Dollar General cuts annual profit forecast on hurricane-related expenses
Dollar General cuts annual profit forecast on hurricane-related expenses
Dec 5, 2024
(Reuters) - Discount store operator Dollar General ( DG ) on Thursday trimmed the upper end of its annual profit forecast on hurricane-related expenses, while also laying out a plan to open more stores as well as remodel old ones next year. The company said the updated forecast includes the impact of hurricane-related expenses of $32.7 million in the third...
Target to Face Shareholder Lawsuit Over 2023 Pride Month Campaign
Target to Face Shareholder Lawsuit Over 2023 Pride Month Campaign
Dec 5, 2024
07:14 AM EST, 12/05/2024 (MT Newswires) -- Target ( TGT ) and its board are set to face a shareholder's lawsuit related to its 2023 Pride Month marketing campaign after a US judge denied the company's motion to dismiss the case, according to a court document released Wednesday. Brian Craig, a shareholder of Target ( TGT ), filed the suit,...
BRIEF-Interpublic Acquires Intelligence Node
BRIEF-Interpublic Acquires Intelligence Node
Dec 5, 2024
Dec 5 (Reuters) - Interpublic Group of Companies ( IPG ) : * INTERPUBLIC STRENGTHENS COMMERCE OFFERING WITH ACQUISITION OF INTELLIGENCE NODE, CREATING UNMATCHED SOLUTION FOR BRANDS AND RETAILERS * INTERPUBLIC GROUP OF COMPANIES INC ( IPG ) - FINANCIAL TERMS OF INTERPUBLIC-INTELLIGENCE NODE DEAL NOT DISCLOSED Source text: Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved