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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).
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.