Tuesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Travel
Many Americans say they won’t put off travel anymore once we are able to be tourists again.
A new survey from Hilton reveals travel is the most frequently recalled happy memory and most say making memories with family and friends is a prime reason for trips.
All this staying at home leads 90% of survey respondents to believe the nation is facing a travel memory deficit that will have a long-lasting impact, including greater stress and missed opportunity for special moments with loved ones.
Southwest Airlines
Southwest Airlines pilots’ union took issue at a company proposal to cut pay by 10%.
Southwest says it can avoid layoffs if employees agree to the pay cut.
The carrier has never furloughed an employee in its nearly 50 years of flying.
Tips
No-tipping policies are going away as many restuarants reopen.
With layoffs and furloughs imminent, employee welfare quickly became a top concern for those in the restaurant industry.
Payscale estimating that tipping makes up to 25 to 62% of such U.S. workers’ income.
Cummins
Columbus-based Cummins has announced plans for a major investment at its Seymour plant.
The manufacturer says it will pump more than $25 million into the facility, which will help create nearly 90 jobs and retain about 60 more over the next five to 10 years.
The company says the investment will bring in new manufacturing capabilities, including assembly, machining and block lines as well as new testing equipment.