CHICAGO, Nov 21- A judge ruled on Friday that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional, handing a victory to labor unions and state retirees who challenged the law and an initial defeat to the state's efforts to fix its sagging finances. The judge rejected the state's argument that public workers and...» Read More
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.
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.
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.
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.
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.
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...
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.
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."
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."
Gettelfinger said the UAW would fight at the bargaining table, in the courts, politically and "if need be on the picket line."
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.
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.
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.
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.
Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
The legislation, passed 241-185 on a nearly party-line vote, would take away the right of employers to demand secret-ballot elections by workers before unions could be recognized.
Airbus confirmed Wednesday that it plans to spin off several manufacturing sites and shed about 10,000 jobs as part of a long-awaited restructuring plan, union officials said. Workers staged stoppages to protest the cuts.
Harley-Davidson, the U.S. motorcycle maker, said late on Friday that it had reached a tentative agreement with striking workers at its largest plant.
DaimlerChrysler's Chrysler Group and General Motors are in talks to jointly develop a large SUV like the Chevrolet Suburban, which Chrysler doesn't have in its current lineup, according to a report in Wall Street Journal.
DaimlerChrysler will cut 13,000 jobs at its Chrysler operation in North America and indicated it could sell or spin off the money-losing unit, which would unwind a troubled 9-year-old merger between Chrysler and Mercedes.