BUENOS AIRES, May 19- Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said. Trade Unions are a powerful force in Argentina, Latin America's No. 3 economy, where the frequency of industrial disputes are a...» Read More
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.
The Street is edging toward the end of one of the most volatile quarters in recent memory ... and for all those a bit tired of the excitement, it looks like it might actually have a laid-back and happy ending.
Just a few hours after I reported the new contract between GM and the UAW, I started hearing this question: "Can GM really boost its bottom line now that its costs have been lowered?" My gut says it can do it, IF the company builds on the improvement of its products in the last couple of years.
General Motors' quick settlement with its major union allows the softening U.S. economy to sidestep another blow and sets the stage for similar deals that could boost domestic automakers, analysts and investors said Wednesday.
We're back in the "bad news is good news" phase. At least that's how you may want to read the stock market's reaction to today's clunker of a durable goods number, its worst monthly reading since January. Durable orders fell by 4.9% in August, below the 3.5% decline expected and way off from July's 6.1% increase.
I can't say I'm a fan of the 3:15 am wake up call, but this one I didn't mind. By 4 am I was interviewing UAW President Ron Gettelfinger about the new contract his union signed with General Motors. The strike is over and both sides get what they need out of this deal.
A relatively swift resolution to the United Auto Workers strike against General Motors is giving some lift to stocks this morning. The dollar is defying gravity and is bouncing off its lows against the Euro but that move looks like it will be short lived.