Personnel
GM lays off more than 1,000 salaried software and services employees
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors is laying off more than 1,000 salaried […]
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UAW president slams Stellantis CEO over job cuts, alleged price gouging
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. Rebecca Cook | Reuters DETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon, accusing the chief executive of price gouging consumers and failing to […]
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Alaska Airlines flight attendants reject new contract, union says there’s ‘more work to do’
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty Images Alaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting […]
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Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a […]
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UAW hits Musk, Trump with federal labor charges over union busting comments
This combination of pictures shows Elon Musk, left, and Donald Trump, right. Afp | Getty Images The United Auto Workers on Tuesday filed federal labor charges with the National Labor Relations Board against former President Donald Trump and billionaire Elon Musk for publicly applauding the practice of firing employees who threaten to strike. “I look […]
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Australia’s second-quarter wages rise at slowest pace in a year
Shoppers walk around Pitt Street Mall on June 07, 2022 in Sydney, Australia. Brendon Thorne | Getty Images Australian wages rose at their slowest pace in a year in the June quarter, falling short of expectations, while softer gains in the private sector suggest the labor market was easing. Figures from the Australian Bureau of Statistics on Tuesday showed its wage price index […]
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Harris matches Trump proposal to ban taxes on tips at Las Vegas rally
U.S. Vice President Kamala Harris (L) and Former President Donald Trump Reuters Vice President Kamala Harris pledged to eliminate taxes on tips in the service and hospitality sectors if she wins the presidency, echoing the same proposal former President Donald Trump announced months earlier. Both candidates promised tax-free tips at separate rallies in Las Vegas, […]
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Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018. Brendan McDermid | Reuters DETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 […]
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10-year Treasury yield dips as traders weigh state of U.S. economy after latest data
U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 6 basis points lower at 3.938% at 8:57 a.m. ET, nonetheless holding near the level it was at last week before a weak U.S. jobs report helped trigger […]
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JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
Key Points JPMorgan Chase has rolled out a generative AI assistant to tens of thousands of its employees, the initial phase of a broader plan to inject the technology throughout the bank. The program, called LLM Suite, is already helping more than 60,000 employees with tasks like writing emails and reports. The software is expected […]
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