At many companies, part-time means "on-call" without a fixed number of hours. "It's an extremely abusive and unfair practice," says one labor expert.» Read More
While the United Auto Workers and General Motors negotiate a new labor contract, it's clear the two sides are on the cusp of a historic agreement. When I talked with one person close to the talks Friday they summed it up best by saying, "I think we'll see something worked out by early next week."
Dow Jones and its main labor union are close to a contract agreement for reporters and other employees at The Wall Street Journal and Dow Jones Newswires, the New York Times reported on its Web site on Friday, citing union officials.
Shares of General Motors jumped in early trading Thursday, after a Citi Investment Research analyst lifted his rating on the automaker, citing possible outcomes from labor negotiations.
Alitalia will cancel 150 flights that it currently operates daily out of its Milan Malpensa hub as part of a "survival" plan to stem losses while it hunts for a buyer, a union source said on Monday.
When I sat down to talk with GM CEO Rick Wagoner this morning on "Squawk Box," I was expecting to see a man, beaming over the better than expected second quarter earnings. Instead, I saw the Chairman of a company who looked cautious. Why? Well, maybe it's because General Motors' glass is half full, and filling it up even more will be a challenge. Certainly the second half of this year will be tougher than the first half.
Port clerks and their employers at the nation's largest port complex tentatively agreed on a new contract Thursday, preventing a strike that could have crippled shipping and cost billions of dollars, a negotiator said.
General Motors and Ford Motor began talks with the United Auto Workers union Monday, hoping to win sweeping concessions that would slash labor costs for the struggling auto industry.
A union representing more than 2,000 of Delphi's hourly workers said Friday it has told the auto parts maker that it plans to terminate its contracts, a first step toward a possible strike in October.
Day one of the UAW contract talks kicked off with union leaders shaking hands with Chrysler executives at company headquarters in Auburn Hills, Michigan. Already I'm tiring of the news reports, talk shows, commentators and general public portraying these talks inaccurately. If I had a nickel for every time a talk show host blamed the rank and file guy at GM for all of that automakers problems, I'd be rich. So with that in mind, let's play fact or fiction.
"We will improve results in the United States faster than people think," Rick Wagoner said after announcing investment plans in Brazil and Argentina.
Shares of grocery stores embroiled in a labor dispute in southern California rose Wednesday after the companies brokered a tentative deal with the workers' union on a new contract.
This week, CNBC is counting down America’s Top States for Business. On Monday, CNBC’s Scott Cohn reported from No. 5: North Carolina, a right-to-work state. On “Power Lunch,” Mark Mix, president of the National Right to Work Committee, and Marybeth Maxwell, director of American Rights at Work, joined Cohn and CNBC’s Bill Griffeth to debate whether non-union states are better for business.
Workers at struggling auto parts giant Delphi's largest union have approved a historic contract agreement that cuts wages for many longtime workers but secures thousands of jobs at plants that once were in jeopardy.
Dana said Friday it has reached deals with the United Steelworkers and United Auto Workers on more than $100 million per year in cost cuts the car and truck parts maker needs to exit bankruptcy.
The United Auto Workers said that members have ratified a deal that gives Delphi concessions on wages, benefits and plant closings the auto parts maker has said it must have to exit bankruptcy.
For investors, employees and retirees of General Motors this has been the spring of smiles. Consider this: shares of GM are at a multi-year high, Wall Street (including S&P today) is becoming more optimistic about GM's recovery and there's a genuine feeling the company will come out of the UAW contract talks in pretty good shape.
British postal staff went on their first national strike in more than a decade today in a row over pay and government plans to cut thousands of jobs at the semi-privatized Royal Mail.
Eagan, Minn.-based Northwest, which emerged from Chapter 11 bankruptcy protection May 31, is citing a higher-than-normal rate of absentee calls as one of the key factors for recent flight delays.
Delphi said it reached a tentative deal with the United Auto Workers and former parent General Motors to complete the bankrupt auto-parts maker's reorganization.
(Update) I’ve seen it on the blog, so it’s no surprise to me that trouble in the housing market has some folks hot under the collar and others hosing them down. CEO’s of the major homebuilders gave me the cold shoulder at a J.P. Morgan conference last week, including Richard Dugas, CEO of Pulte Homes (see June 12 blog).