Labor economy
UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – A year after unprecedented strikes by the United […]
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5 things to know before the stock market opens Thursday
Here are five key things investors need to know to start the trading day: 1. Roller coaster ride Stock markets took a volatile turn Wednesday as investors weighed the Federal Reserve’s interest rate decision. Market watchers initially cheered the outsized 50-basis-point rate cut, but it raised concerns that the Fed was trying to get ahead […]
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Teamsters union says it will not endorse Harris or Trump in 2024 presidential election
Sean O’Brien, president of the International Brotherhood of Teamsters, speaks to UPS Teamsters during a picket ahead of an upcoming possible strike, outside of a UPS Distribution Center in Brooklyn, New York, July 14, 2023. Brendan McDermid | Reuters The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in […]
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Boeing starts furloughing tens of thousands of employees amid machinist strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing will furlough a “large number” of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, […]
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Amazon increases average pay for warehouse workers and adds free Prime membership perk
An Amazon warehouse Getty Images Amazon announced Wednesday it’s raising wages for its hourly warehouse workers, and adding a new employee perk that will give them a Prime subscription at no extra cost. Starting this month, Amazon’s average starting pay for front-line employees in the U.S. will be bumped to an average of more than […]
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UAW union files unfair labor charges against Stellantis, accuses automaker of violating contract
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images DETROIT — The United Auto Workers union on Monday said it had filed federal unfair labor practice charges against […]
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Harris to meet with Teamsters as campaign chases union endorsement
International Brotherhood of Teamsters General President Sean O’Brien (L), and Vice President and Democratic Presidential candidate Kamala Harris. Getty Images (L) | Reuters (R) Vice President Kamala Harris will sit down with members of the International Brotherhood of Teamsters in Washington on Monday, to make her pitch for the massive union’s endorsement. With 50 days […]
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Boeing CFO says strike will ‘jeopardize’ recovery, hit aircraft production
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing CFO Brian West said a labor strike that began Friday will hurt […]
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Boeing workers overwhelmingly reject contract, prepare to strike
Boeing Co. workers and supporters hold signs outside the Aerospace Machinists Union District 751 Hall ahead of a vote on the union contract in Renton, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty Images More than 30,000 Boeing workers were set to strike Friday, halting production of most of […]
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Boeing faces strike threat as workers vote on new contract
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Afp | Getty Images Boeing workers are voting on a new labor contract on Thursday, setting up the potential for a crippling strike if staff members decide to reject the deal just as […]
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