At many companies, part-time means "on-call" without a fixed number of hours. "It's an extremely abusive and unfair practice," says one labor expert.» Read More
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.
General Motors declined comment on the report, which said the parties are working on it "at full speed."
As I woke in Detroit after flying in from New York this morning, I saw the story on "Squawk Box," - another Wall St. firm had raised GM to a buy rating. Why? Primarily on the idea that GM's 17 billion surplus on It's pension wil give it the leverage needed to strike a better deal with the uaw regarding retiree healthcare costs.
Comair and the union representing its pilots reached a tentative agreement Tuesday, forestalling a plan by the U.S. regional airline to impose wage cuts and other concessions.
Today at the Chicago Economic Club, Jim Press, the highest ranking American member of Toyota's executive corps caused a bit of stir, when he said the Japanese automaker would like to cut labor costs without cutting wages. Though vague, the comment has investors wondering if Toyota is talking tough on labor -- and if this is a sign of problems for the folks that make the Camry.
Harley-Davidson said first-quarter motorcycle shipments will not meet earlier forecasts because of a six-day-old strike at its biggest assembly plant, sending shares down as much as 2.5%.
About 8,000 U.S. hourly workers left struggling automaker Ford Motor in January after taking buyout offers, said Mark Fields, president of the Americas and overseer of Ford's restructuring.
Union workers began a strike against Harley-Davidson at midnight Friday, picketing at the company's largest manufacturing plant.
Workers at Harley-Davidson's largest assembly plant have rejected a proposed contract and authorized a strike that could begin early on Friday.
Analysts say Ford's recently raised $23.5 billion gives it two years to turn itself around, barring a steep decline in the U.S. economy.
British Airways is canceling all its flights to and from London's Heathrow airport and several more from its Gatwick terminal for two days next week because of a strike by cabin crew.
Ford Motor Co. had the worst year in its 103-year history in 2006. The automaker lost $5.8 billion in the fourth quarter alone – and lost $12.7 billion on the year. Yet CEO Alan Mulally - who came to Ford after overhauling aerospace giant Boeing - is reportedly considering paying bonuses to some of Ford’s managers, even as the company seeks concessions from its unions and predicts more losses this year.
British Airways said on Monday it had asked conciliation service ACAS to help resolve a dispute with cabin crew, who are planning a three-day strike over new pension plans and working conditions.
General Motors Chief Executive Rick Wagoner on Tuesday said a deal with bankrupt former subsidiary Delphi and its union to cut wages and benefits was possible in the "near term."