General Motors will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.
Events move much faster than individual corporations, unions, and governments can act. However, they all are finding ways to adjust. While I expect the learning curve to remain steep, the knowledge is getting processed and acted upon
With the financial markets in crisis it's easy to forget that the Screen Actors guild has been working without a contract since their deal with the AMPTP, the producers association, expired this summer.
This Sunday the Screen Actors Guild's board of directors agreed to ask a federal mediator help with negotiations with the film and TV studios, which could get the producers guild (the AMPTP) and SAG to sit down for their first formal talks since their contract expired on June 30.
As discussions between GM and Chrysler heat up, there's a steady flow of questions about road blocks that could stop this merger of American auto giants. Any other time, I'd agree with some of the points being raised. But given the economy and the weakened state of the auto industry, I think few of these are going to stop GM from acquiring Chrysler- IF the country's largest automaker decides it wants this deal.
As I watch the markets tumble and I hear talk not just of recession, but of depression, I have to wonder whether there's any chance 75 percent of SAG members would vote to strike, which is what it takes to get authorization.
But it's not just this company that's being affected. Here are five other stocks to avoid until the airplane-maker's done with its labor problems.
Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.
The board of directors at General Motors remains supportive of Chief Executive Rick Wagoner, despite the company's recent, unexpected $15.5 billion loss, the Wall Street Journal reported Tuesday.
Oil workers at Brazil's state-run energy company will remain on strike for two more days after failing to reach agreement in talks with Petrobras, a union spokesman said on Wednesday.
Oil workers in Brazil started a 5-day strike on Monday but state-run energy company Petrobras said it had already reversed most of the production losses on its platforms.
Today at 2 pm pacific the Screen Actors Guild and the AMPTP (the producers association) are meeting to discuss the "Last Best Offer" the AMPTP made hours before SAG's contract expired at 12:01 Tuesday morning.
Hollywood is looking at another intense third act; the tough guys are pulling out the big guns. The Screen Actors Guild is the last of the entertainment industry's guilds to renegotiate its contract, and let's just say, it's not looking like a fairytale ending.
Hours before their contract with film and TV performers was due to expire, Hollywood studios on Monday capped weeks of stalemated labor talks by presenting the Screen Actors Guild a "final offer."
On the heels of the writers' guild strike that cost the Los Angeles economy billions, the last thing Hollywood needs is another strike, especially an actors strike that could really cripple an industry already going through too much turmoil.
Australia's Qantas Airways said on Friday it will hold talks with striking aircraft engineers on Monday to try to resolve a wage dispute which has disrupted flights around Australia.
What was shaping up to be a tough summer for GM has rapidly worsened and become a major gut-check for GM, its investors, and fans of the American automaker. Which brings up the most frequently asked question I get from readers and viewers: can GM successfully shift gears from trucks to cars?
Australian flag carrier Qantas Airways faces rolling strikes by its engineers from next Monday as a pay dispute worsens, posing more headaches for an airline struggling with high fuel prices.
South Korean construction workers went on strike on Monday to press for cheaper fuel and higher pay, joining thousands of truckers who walked off the job last week, crippling the export-dependent country's ports.
With the Dow plunging and concerns about employment numbers looming, it makes the potential of another strike--this one from the Screen Actors Guild--scarier.