June 17- Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain.» Read More
June 17- Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain.
James Hohman, Mackinac Center for Public Policy, discusses the situation in Detroit and how it may deal with the unfunded healthcare and pensions that are crippling the city.
WASHINGTON, June 13- President Barack Obama could soon decide to cut off trade benefits for Bangladesh, in a largely symbolic response to tragedies in the country's garment sector that have cost more than 1,200 lives in the past eight months. The AFL-CIO, the largest U.S. labor organization, first filed a petition to suspend Bangladesh from the U.S.
JAKARTA, June 13- Trade union workers at the Freeport McMoRan Copper and Gold Inc mine in Indonesia will stop work indefinitely from Friday if the company does not suspend those suspected of being at fault for a deadly tunnel collapse last month, a union official said.
WETHERSFIELD, Conn.-- John W. Olsen, the longtime president of Connecticut's largest labor organization, announced Tuesday he will not seek reelection. "I have had the privilege of serving as president of the Connecticut AFL-CIO for 25 years, but now I am looking forward to shifting gears and to pursuing other interests," Olsen said in a written statement. "
As flight attendants at Southwest prepare to begin contract negotiations, union leadership is in turmoil. TWU Local 556 has twice secured significant contract improvements.
Forcing hospital workers to be vaccinated for the flu as a condition of employment is not a prescription for losing employees, according to a new study.
WASHINGTON-- Labor unions say that mechanics at US Airways will begin voting next month on whether to stay with the machinists' union or jump to the Teamsters. The Teamsters union is trying to take the place of the IAM, which says it represents about 5,000 mechanics and allied workers at US Airways.
A rift between labor unions and the White House over coverage through Obamacare might be putting smiles on opponents of the health care law.
JAKARTA, May 23- All investigations into a tunnel collapse that killed 28 people at the world's No.2 copper mine, run by Freeport McMoRan Copper& Gold Inc in Indonesia, must be completed before workers return, a trade union official said on Thursday.
Workers demanding a minimum wage increase have staged walkouts across the country, saying they can't survive on the money they make. Can they get anything done?
CAPE TOWN, May 21- A two-day wildcat strike at a Mercedes Benz plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect of labour unrest in factories alongside turmoil in the mines.
*Gold companies' shares drop, rand also under pressure. JOHANNESBURG, May 20- Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to a four-year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.
*Gold companies' shares drop, rand also under pressure. JOHANNESBURG, May 20- Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to a four year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.
Peter Attard Montalto, emerging market economist at Nomura International, talks about the South African mining sector, the potential rise of further union unrest and the impact it would have on the country's economy.
*Tension between union, Freeport could spook investors. JAKARTA, May 17- Freeport McMoRan Copper& Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday.
PHNOM PENH, May 16- At least six people died when a shoe factory collapsed in Cambodia on Thursday and many others were injured, a member of the trade union at the plant said, amid concerns about safety standards at some Asian factories producing cheap clothing.
Guy Ryder, Director-General of the International Labour Organization (ILO) welcomes the recent safety pact signed by international retailers, but says more needs to be done.
Sharan Burrow, general secretary of the International Trade Union, tells CNBC that five years in to the economic crisis, austerity has failed, international institutions have failed and there's a humanitarian crisis.
The federal government is better at creating low-paying jobs than Wal-Mart and McDonald's combined, says a new report.