ATHENS, April 24- Greece's parliament on Friday approved a decree forcing state entities to lend cash to the near-bankrupt state, defying protests by municipalities and labor unions. Just weeks away from running out of cash, Athens has been tapping into the cash reserves of public sector entities through so-called repo transactions to cover its needs.» Read More
Train service started back up throughout much of France but many commuters in Paris biked, roller-bladed and even used children's scooters Friday as city transit workers kept up a second day of strikes against proposed economic reforms.
A new four-year contract between General Motors and the United Auto Workers will transfer an estimated $46.7 billion worth of retiree health care liability from the company to the union and will significantly reduce labor costs, the company said Monday.
Ford Motor, considered the weakest of the three U.S.-based automakers, could agree on a new contract with the United Auto Workers union fairly quickly and without the strikes that marked negotiations with General Motors and Chrysler, analysts said on Thursday.
Need proof the Big 3 may be on the verge of doing some good, perhaps even great things? Check out the latest management coup with Ford hiring Jim Farley away from Toyota to become the U.S. automaker's main man running marketing and communications.
With a conviction Chrysler executives have lacked in the past, the automaker's new president, Jim Press emphatically told reporters Wednesday night the struggling American automaker will change.
The United Auto Workers union reached a tentative labor agreement with Chrysler that includes a health care trust, ending a strike against the automaker on the same day it began.
Chrysler autoworkers started to walk off the job after the automaker and the United Auto Workers union failed to settle on a tentative contract agreement before a union-imposed deadline.
Over the last two months, I've heard roughly the same thing time and again from people in the auto industry and in Detroit. It's a variation of the general theme, "Chrysler, or more specifically it's owner Cerberus Capital, wants to break the UAW once and for all."
Within the next 24 hours, we will know if Chrysler and the UAW have worked out a new contract or if the union is on strike. Unlike the GM talks two weeks ago, it's a little tougher to handicap the odds of a strike at the country's #4 automaker.
Negotiators from Chrysler and the United Auto Workers were set to resume contract talks after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement.
Negotiators with the United Auto Workers union and Chrysler remained at the bargaining table Saturday evening as efforts to reach a tentative contract agreement intensified, a person briefed on the talks said.
Momentum has been building toward the United Auto Workers accepting a tentative contract with General Motors, though members at some key locals backed it by narrow margins in results released Thursday.
Well, that didn't take long. Just 5 days after the UAW and General Motors struck a deal there are already people complaining that they don't like the agreement and questions about whether or not it will be the pattern and language of the contracts Ford and Chrysler strike with the union. I'm not surprised, to hear the complaints.
United Auto Workers members at a local headquartered near Detroit voted overwhelmingly on Monday to approve the union's tentative contract with General Motors in one of the first tests for the new labor pact.
On a regular basis, I get some variation of this question: Which one of the Big 3 has the best shot at picking up market share and giving Toyota and Honda a run for their money. In other words, which one of Detroit's automakers has the pipeline of cars, trucks and SUV's to become the "hot" brand?
The tentative contract between General Motors and the United Auto Workers would allow GM to close a plant each in Michigan and Indiana and possibly shut down several other facilities, according to a detailed copy of the agreement.
The Teamsters union and United Parcel Service on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.
Atlantic Southeast Airlines, a subsidiary of SkyWest Inc has reached a tentative labor contract with its nearly 1,700 pilots.
The United Auto Workers won guarantees in its tentative contract agreement with General Motors that many new products would be built at U.S. plants to save jobs, union President Ron Gettelfinger said Friday.
General Motors would be able to buy out as many as 24,000 UAW workers and replace them with lower-paid hires under a tentative contract agreement, the Wall Street Journal reported on its Web site on Friday.