Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Pathfinder Bancorp declares dividend of 3 cents a share
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, has declared a quarterly cash dividend of 3 cents per share on its common
NY State of Health site gets over 2 million hits in first two hours to begin open-enrollment period
SYRACUSE — The staff at NY State of Health, New York’s health-insurance exchange, reported “over two million hits” before 10 a.m. Tuesday morning to begin
EBS-RMSCO, Support Services Alliance merge into one company
EBS-RMSCO, Inc. and Support Services Alliance, Inc. (SSA), both subsidiaries of the Rochester–based Lifetime Healthcare Companies, Inc., have merged into one company. The merged company,
Holdrege Design to open new office in Binghamton
BINGHAMTON — Holdrege Design of Binghamton Monday announced it has plans to move into the newly renovated Lackawanna Train Station at 45 Lewis St. in
Lourdes Hospital hires new chief medical officer
BINGHAMTON — Lisa Y. Harris, M.D., recently joined Lourdes Hospital as its vice president of medical affairs and chief medical officer. She comes to Lourdes
Cowork Binghamton set to open Oct. 2
BINGHAMTON — Cowork Binghamton, a new office-sharing space for creative professionals located in the newly renovated Lackawanna Train Station in downtown Binghamton, will hold its
Poll: NY voters support casino-gaming amendment, based on ballot language
More than half of New York voters surveyed said they would vote to approve an amendment to the state constitution that would allow construction of
NBT Bancorp names Hyle chief risk officer
NORWICH — NBT Bancorp (NASDAQ: NBTB) recently promoted Shauna Hyle to senior vice president and chief risk officer. In this position, she will oversee the
NY AG announces nearly $5 million employee-payment settlement with National Grid
New York Attorney General Eric Schneiderman on Thursday announced a nearly $5 million settlement with National Grid, which “failed to properly pay” its New York workers as required under state and federal law in the months after Hurricane Sandy. The resolution follows an investigation into employee complaints, according to the attorney general’s office. National Grid,
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New York Attorney General Eric Schneiderman on Thursday announced a nearly $5 million settlement with National Grid, which “failed to properly pay” its New York workers as required under state and federal law in the months after Hurricane Sandy.
The resolution follows an investigation into employee complaints, according to the attorney general’s office.
National Grid, a multi-state electric and gas utility company serving upstate New York, has already repaid previously unpaid wages.
In addition to those wages, the agreement requires National Grid to pay another $750 to every hourly employee who worked for the company between Nov. 1, 2012, and March 31, 2013.
Those payments to 6,500 workers will total more than $4.8 million, Schneiderman’s office said.
“Some of the affected employees in this case reported that they were unable to repair their own homes after the storm because of National Grid’s underpayments,” Schneiderman said in a news release. “National Grid’s workers will receive some compensation, and an explanation, for the financial hardship they endured in the aftermath of the storm.”
National Grid has been in discussions with the New York Attorney General’s office for “several months,” says Jackie Barry, spokesperson for National Grid.
“We are pleased to have reached an agreement so that this matter is resolved. We regret the inconvenience and frustration that the payroll issues have caused for our employees,” says Barry.
The utility’s conversion to a new computer system, which involved changes to its time-keeping and payroll systems, resulted in National Grid’s failure to “properly” pay employees from Syracuse to Long Island, Schneiderman’s office said.
The new system was scheduled to “go live” on November 5, 2012. Despite the forecasts of a hurricane headed for the East Coast, National Grid “failed to delay” this company-wide computer conversion, the attorney general’s office said.
It led to what Schneiderman’s office called a “massive disruption” to National Grid’s pay and timekeeping system, including nonpayment of wages, nonpayment of overtime, and inaccurate wage statements to employees.
In addition, the attorney general’s office found that staffing resources devoted to fixing the system remained “insufficient” for more than a month after the disruption, according to the news release.
In the course of the investigation, Schneiderman’s office collaborated with the office of the Massachusetts Attorney General Martha Coakley, which announced a similar settlement with National Grid on Thursday.
Contact Reinhardt at ereinhardt@cnybj.com
Mohawk Valley EDGE names two new board members
UTICA — The board of directors of the Mohawk Valley EDGE recently elected Dr. Robert Geer, who is acting president of SUNYIT, and Chris Papayankos, who is SVP and commercial executive for Berkshire Bank, to fill vacant seats on the EDGE board. Geer was appointed acting president of SUNYIT by the SUNY board of trustees
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UTICA — The board of directors of the Mohawk Valley EDGE recently elected Dr. Robert Geer, who is acting president of SUNYIT, and Chris Papayankos, who is SVP and commercial executive for Berkshire Bank, to fill vacant seats on the EDGE board.
Geer was appointed acting president of SUNYIT by the SUNY board of trustees on June 11, and he began work on Aug. 1. He holds a Ph.D. in condensed matter physics from the University of Minnesota, is vice president for academic affairs and chief academic officer at the College of Nanoscale Science and Engineering (CNSE) in Albany, and professor of nanoscience and a founding member of the CNSE faculty.
In his role at Berkshire Bank, Papayanakos services a region including Central New York and the Mohawk Valley, which encompasses the former Rome Savings Bank and Beacon Federal footprints. Berkshire has also recently announced the acquisition of 20 Bank of America branches in the Mohawk Valley, which are slated to become part of Berkshire in the first quarter of 2014. Papayanakos started with Berkshire Bank in December 2012. His banking career spans 30 years, most of which has been spent in this region with a six-year stint in the North Country.
These two new members bring the Mohawk Valley EDGE board total to 54 members, including four ex-officio, voting members.
“The EDGE board of directors is made up of community, business, and education leaders from Oneida and Herkimer counties. The addition of Dr. Geer and Mr. Papayanakos continue to strengthen the board and add valuable insight from industry and academia,” Steve DiMeo, president of Mohawk Valley EDGE, said in a news release.
Contact The Business Journal at news@cnybj.com.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.