S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
Labor Unions
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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.
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The South American country is the world's No. 3 copper and zinc producer, a top-two silver producer and No. 5 in gold, and labor unrest in Peru has flared in recent weeks.
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The South American country is the world's No. 3 copper and zinc producer, a top-two silver producer and No. 5 in gold.
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General Motors suspended development work at two U.S. plants after talks between the union and management on cost cutting ended, the Wall Street Journal reported on its Web site on Friday.
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Association of Flight Attendants spokeswoman Karen Schultz said the agreement reached early Thursday met the $195 million target for yearly savings that the airline demanded.
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Representatives of billionaire investor Kirk Kerkorian, met with United Auto Workers members Sunday, the Wall Street Journal reports.
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Thousands of workers headed back to Freeport-McMoRan's Grasberg mine in Indonesia on Sunday in a fleet of buses after ending a four-day walkout that sent copper prices to seven-month highs.
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The sick man of Europe is feeling much better, with investor and business sentiment in Germany's economy soaring for the fifth month in a row, according to a survey released Tuesday.
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An investor group's plans to buy bankrupt auto parts maker Delphi has hit a snag, with the union not agreeing to cut future wages and benefits for new hires, the Wall Street Journal reported on its Web site on Tuesday.
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Some 12,000 workers at Deutsche Telekom walked off the job Monday, protesting the telecommunications company's plan to reorganize its work force by transferring 50,000 staffers into separate units, union officials said.
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The head of the Canadian Auto Workers says he will try to thwart billionaire investor Kirk Kerkorian's bid for Chrysler, fearing Kerkorian will cost thousands of workers their jobs.
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Kerkorian's bid, about one-fifth of what he offered in 1995, reflects the falling fortunes of Chrysler Group, which lost $1.5 billion last year and has announced 13,000 job cuts in North America and reduced production.
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The Wall Street Journal reported that a Wal-Mart employee was fired for recording phone calls with a New York Times reporter last month. And now, the man claims he was part of a more elaborate corporate espionage scheme. Labor and privacy experts joined “Street Signs” to analyze the case. David Garland, co-chair of the employment and labor group at Sills Cummis, explained to CNBC's Erin Burnett that at times, employees will go too far when snooping for the company...
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Dutch mail company TNT will seek to freeze wages and cut up to 7,000 jobs to help lower costs by 300 million euros ($400 million) as its remaining monopoly is opened to competition next year.
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The United Auto Workers union has rejected a new "comprehensive proposal" from bankrupt auto parts supplier Delphi , UAW Vice President Cal Rapson said on Wednesday, calling the offer "pathetic."
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News that Glenn Tilton, chief executive of UAL, earned $39.7 million in 2006 drew an angry protest from workers at UAL's United Airlines on Tuesday, with unions demanding their "fair share."
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Gettelfinger said the UAW would fight at the bargaining table, in the courts, politically and "if need be on the picket line."
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A board member of Siemens was arrested Tuesday in connection with an investigation of alleged payments to the head of a tiny labor union, the company said.
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Danish flight attendants at Scandinavian airline SAS stopped work on Wednesday at Copenhagen's Kastrup international airport in a contract dispute, forcing the cancellation of dozens of flights.
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Airbus workers downed tools and gathered for protest marches on Friday to fight 10,000 planned job cuts at the European civilian plane maker and its contractors.
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The world's largest automaker said its obligation for post-retirement health care and other benefits was $68 billion at the end of last year and could grow on a global basis.