Labor issues
Labor strikes shut down operations at Canada’s container ports from East to West Coast, with U.S. trade left in limbo
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board […]
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Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
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Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs […]
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East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. A massive strike shutting down ports across the East and Gulf coasts began at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United States Maritime Alliance, which controls […]
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Union at Samsung Electronics in South Korea to take strike motion
Samsung Electronics’ union in South Korea has declared it will start out getting strike action, together with advising members as an preliminary protest to get yearly leave on June 7, a union official claimed for the duration of a reside-streamed press convention on Wednesday. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics’ union in South Korea has declared it will start […]
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Tens of hundreds of workers were laid off in January. If you were influenced, in this article's how you may perhaps uncover get the job done speedier
Skynesher | E+ | Getty Photos New authorities information shows a remarkably powerful career sector for the thirty day period of January. But there are symptoms of weak spot in the labor current market, primarily based on tens of countless numbers of personnel who have been laid off given that 2024 started. U.S. businesses introduced […]
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How Method One accidentally aided Las Vegas workers land the ‘best deal ever’
Ferrari driver Carlos Sainz of Spain drives earlier the Sphere throughout the F1 Las Vegas Grand Prix on Saturday, November 18, 2023 on the Las Vegas Avenue Circuit in Las Vegas, NV. Icon Sportswire | Icon Sportswire | Getty Visuals When Formula One came to Las Vegas, it brought a stage of glitz and glamor rivaled only […]
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India debate on 70-hour workweek: Illegal or street to greatness?
Indians at the moment perform an ordinary of 47.7 several hours a 7 days, in accordance to the Global Labour Group. Gcshutter | E+ | Getty Photographs Infosys founder Narayana Murthy lately sparked a controversy on social media when he stated youthful people must be operating 70 several hours a 7 days to enhance India’s […]
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This recession indicator may perhaps be a ‘broken odometer for the economy,’ professional states. Exactly where forecasts stand now
Westend61 | Westend61 | Getty Images Industry experts have been pointing to a coming downturn for the U.S. overall economy. The dilemma was when. Now, nonetheless, some corporations and industry experts are strolling back again individuals predictions, contacting into dilemma the validity of a as soon as-trusted economic downturn indicator known as the generate curve […]
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Canadian West Coast port workers vote sure to ratify a tentative offer. Railroad congestion proceeds
Transport containers are loaded onto rail vehicles at the World Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Pictures Associates of the Worldwide Longshore and Warehouse Union (ILWU) of Canada voted to ratify the next tentative settlement with West Coast port ownership, meaning an close […]
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