NEW YORK— At 101, Charlie Ponti has finally decided to retire for good— probably. On Dec. 31, he will officially finish up a 77- year stint with the Office and Professional Employees International Union Local 153, where he started as a business representative and organizer and ended as the president of the local's retirees association. The Rutherford, New Jersey,...» Read More
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).
Oil prices edged higher Friday as markets monitored talks between the Nigerian government and labor union officials to end a general labor strike in Africa's largest crude producer.
Pilots at American Airlines, unhappy over pay and angry at company management, ousted their union's top officers and elected a slate of newcomers who promised to take a harder line against the nation's largest carrier.
Delphi and the United Auto Workers are very close to completing a labor deal the U.S. auto-parts maker needs to complete its reorganization, two UAW sources said on Wednesday.
Congress is expected to renew efforts to pass a major pro-union bill this week, reviving the debate over whether the measure will be good or bad for American workers.383358065falsetrue12falseThe Employee Free Choice Act, which would require employers to recognize a union if the majority of workers simply sign cards showing their support rather than hold a vote, passed the House in March but never got approved by the Senate.The bill will actually weaken relationships betwen employers and employees, Jason Straczewski, director of HR policy at the National Association of Manufacturers, said on "Morning Call."
General Electric said on Sunday it had reached tentative agreements on new four-year labor contracts with the national leaders of its two largest unions.
If you've been reading the headlines this week, you've probably seen stories about the Big 3 planning to push for pay and benefit cuts totaling 30%. Often the headline is accompanied by a sub-headline saying the United Auto Workers and the Big 3 are headed for a collision course. Folks, get ready for a long hot summer of posturing, trial contract offers being floated, and the yes, the very real possibility that we could see a work stoppage.
General Motors Corp. and bankrupt auto parts maker Delphi Corp. are near a deal with the United Auto Workers union that would provide a cash payout to Delphi workers in exchange for lower hourly wages, the Detroit News reported.
Dan Pedrotty, director of the AFL-CIO’s Office of Investment, told CNBC’s “Morning Call” that Blackstone Group should be required to register as an investment company before launching its IPO.
Workers at Deutsche Telekom entered the second month of a strike on Monday over plans to trim wages and extend hours, even as their union said it was mulling a return to the negotiating table.
Union members representing about one-third of Walt Disney World's workers approved a more than three-year contract, the company and union said.
Union-backed critics of Wal-Mart Stores Inc. are using a made-in-America campaign started by late founder Sam Walton in the 1980s to attack the global retailer for buying heavily from China.
A national strike by Portugal's largest labor union disrupted public services Wednesday, but the protest against the government's economic reforms largely fell short of its anticipated impact.
Scandinavian Airlines officials met with union representatives Monday in a bid to end a cabin crew strike that has grounded hundreds of flights to and from Sweden since last week.
Germany's government is putting pressure on Deutsche Telekom's chief executive Rene Obermann to end a dispute with trade union ver.di over plans to outsource 50,000 jobs into a new company, Handelsblatt reported, citing sources.