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GM sweetens UAW offer to include 20% wage increase, other benefits as it tries to avoid strike
Business

GM sweetens UAW offer to include 20% wage increase, other benefits as it tries to avoid strike

General Motors CEO Mary Barra talks with reporters following a meeting with lawmakers from Michigan and Ohio at the U.S. Capitol June 05, 2019 in Washington, DC. Chip Somodevilla | Getty Images DETROIT – General Motors is attempting to avoid a looming strike by the United Auto Workers union through a new offer Thursday that […]

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Sweetgreen sued by workers at 7 New York restaurants for alleged racial discrimination
Business

Sweetgreen sued by workers at 7 New York restaurants for alleged racial discrimination

Workers prepare apples and avocados inside a Sweetgreen Inc. restaurant. Adam Glanzman | Bloomberg | Getty Images Ten Sweetgreen employees are suing the salad chain, alleging racial discrimination at seven of its New York City restaurants. The lawsuit, filed Thursday in New York Supreme Court in the Bronx, alleges that the plaintiffs’ co-workers and managers […]

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Ford CEO rebuffs UAW leader’s criticisms as strike deadline on Thursday approaches
Business

Ford CEO rebuffs UAW leader’s criticisms as strike deadline on Thursday approaches

Ford CEO Jim Farley speaks with media after revealing the 2024 Ford F-150 for the Detroit auto show on Sept. 12, 2023. Michael Wayland / CNBC DETROIT – Ford Motor CEO Jim Farley rebuffed comments by United Auto Workers President Shawn Fain that the company is not taking bargaining seriously ahead of a Thursday night […]

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UAW barrels toward ‘likely’ strikes against auto companies – here are the latest details
Business

UAW barrels toward ‘likely’ strikes against auto companies – here are the latest details

UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT – The United Auto Workers and Detroit automakers remain far apart ahead of the union “likely” strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said […]

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UAW will strike against Detroit automakers if deals aren’t reached by Thursday, union boss says
Business

UAW will strike against Detroit automakers if deals aren’t reached by Thursday, union boss says

The United Auto Workers union will strike against the Detroit automakers if the sides don’t reach labor deals by an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday on CNBC’s “Squawk Box.” Fain’s comments came the morning after he outlined plans to local union leaders about implementing targeted strikes at certain General […]

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Amazon claims it really is boosting pay out for deal shipping and delivery drivers
Technology

Amazon claims it really is boosting pay out for deal shipping and delivery drivers

An Amazon driver masses deals into a delivery van at an Amazon shipping and delivery station in Alpharetta, Georgia, Nov. 28, 2022. Justin Sullivan | Getty Photographs Amazon mentioned it designs to boost wages for contracted drivers as section of a $440 million expenditure this year into its 3rd-get together supply program but declined to […]

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Wall Street sees potential UAW strikes as manageable, with upsides
Business

Wall Street sees potential UAW strikes as manageable, with upsides

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. Michael Wayland / CNBC DETROIT – Many on Wall Street view potential strikes by United Auto Workers against the Detroit automakers as largely manageable – even seeing investment opportunities. Some believe potential strikes are already factored into […]

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GM offers 10% wage increases, ,500 ratification bonuses to UAW as strike looms
Business

GM offers 10% wage increases, $5,500 ratification bonuses to UAW as strike looms

UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – General Motors on Thursday offered its largest four-year wage increase in decades as […]

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UAW strike would show Biden, other leaders that it’s time to ‘pick a side,’ union boss says
Business

UAW strike would show Biden, other leaders that it’s time to ‘pick a side,’ union boss says

A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night. “I think our strike can reaffirm to [Biden] of where the working-class people in this country stand and, you […]

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Roku stock jumps after company says it will lay off 10% of workforce
Business

Roku stock jumps after company says it will lay off 10% of workforce

Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the company said the cost-cutting measures aim to bring down its […]

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