ABC building workers get $50K pay raise, $150K in overtime, new housing perks
New construction workers get a $50,000 raise, an increase of $150,000 in overtime pay and housing perks in an agreement with the state’s labor commissioner.ABC Construction said it will increase its compensation for new hires to $125,000 a year from $75,000 this year.
It will also allow workers to work up to 60 hours a week with a pay bump of up to 10% to compensate for the additional hours.ABC construction, a major employer in southern Louisiana, will also give employees a “special bonus” of $200 to $400 per hour, it said.ABC said it also will give employees $10,000 for every job they do and $2,000 per year for every full-time employee they hire.
The agreement, which goes into effect in the first quarter of 2018, follows an investigation last year by the state Department of Labor and Industries that found many construction jobs had not been completed or were in danger of being closed.
The state has not yet determined how many jobs will be closed or how many workers will be given the pay raise.
The deal will also include more than $150 million in funding to support the construction industry, including $50 million for the construction-related education programs that support local businesses.ABC was one of the first companies to get the increase, joining construction firms such as Lowe’s, GE, Caterpillar, and United Parcel Service.
ABC also has been part of the push for the state to invest in more high-tech and advanced manufacturing facilities in Louisiana, which has struggled with a lack of skilled workers.ABC is expected to be the biggest employer in Louisiana by 2020.