Labor

Will Rising Labor Costs Cripple the US Car Companies?

Posted: December 5, 2019 at 6:53 am

The United Automobile Workers (UAW) has reasonably asked the three U.S. car companies for better worker compensation. All three have had several years of strong financial performance, particularly in America. ...
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Are High-Tech Enclaves Inevitable?

Posted: October 31, 2019 at 8:25 am

The example of cities like San Jose, Seattle and Austin that attract thousands of highly skilled and highly paid workers is one that many U.S. cities have tried to emulate ...
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Voting Ends Friday on UAW-GM Contract Deal; Ford, Chrysler Turns Coming

Posted: October 24, 2019 at 12:35 pm

The United Auto Workers strike against General Motors Co. (NYSE: GM) has lasted for 39 days so far, but early unofficial tallies show that union workers are mostly coming down ...
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Former WeWork CEO Neumann Won’t Give Part of His $1 Billion to Laid-Off Workers

Posted: October 23, 2019 at 6:20 am

The bailout of mammoth temporary office space rental phenom WeWork has been put into place. Its largest shareholder, Softbank, will take control. Through a series of loans and equity purchases, ...
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Will a $3 Billion-Plus Cost for the GM Strike Be Worth It?

Posted: October 17, 2019 at 11:35 am

General Motors Co. (NYSE: GM) reportedly has finalized a settlement to end a multiweek strike by the United Auto Workers (UAW) union. As of midday on October 17, neither a ...
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GM, Union Reach Tentative Deal but Strike May Not End

Posted: October 16, 2019 at 1:45 pm

In a statement loaded with qualifiers, United Autoworkers (UAW) Vice President Terry Dittes announced "the achievement of a Proposed Tentative Agreement" with General Motors Co. (NYSE: GM). Union negotiators voted ...
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Job Openings and Quits Show Signs of Less Robust Job Market

Posted: October 9, 2019 at 10:50 am

The media reports that recession risks are rising every day. If a recession is going to arrive, it's going to take a major blow to the consumer — and the ...
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Why Investors Like the GM Strike

Posted: October 5, 2019 at 8:45 am

The shares of General Motors Co. (NYSE: GM) trade higher than they did at the start of the year. The United Automobile Workers' strike against the big car company started ...
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Slow Payrolls Gains Still Good Enough to Ease Many Recession Fears

Posted: October 4, 2019 at 9:15 am

After weaker manufacturing and non-manufacturing data inserted some caution in payroll growth this week, and considering a weaker than expected ADP private sector payrolls report, the expectations were low coming ...
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Job Losses in 2019 Highest in 4 Years as Manufacturing and Auto Industries Falter 

Posted: October 3, 2019 at 8:25 am

The outplacement firm of Challenger, Gray & Christmas on Thursday released its job-cuts report for September, showing that a total of 41,557 planned U.S. job cuts were announced last month, ...
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ADP Payrolls Data Shows Some Caution in Jobs Market

Posted: October 2, 2019 at 10:00 am

After a weak ISM Manufacturing report on Tuesday, there had been some concerns that the job market might be taking a hit from the U.S./China trade war and slowing global ...
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GM Backs Off on Decision to Make Union Pay Workers’ Health Care Costs; Other Issues Unresolved

Posted: September 27, 2019 at 11:15 am

46,000 United Auto Workers (UAW) members who have been striking General Motors Co. (NYSE: GM) for the past 11 days will continue to receive health care coverage following the company's ...
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Continuing Jobless Claims Remain Near 50-Year Low

Posted: September 26, 2019 at 10:15 am

New claims for unemployment benefits rose by 3,000 in the week ending September 21, according to the weekly report from the U.S. Department of Labor. The seasonally adjusted total rose ...
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US Firms to Hire Fewer Seasonal Workers This Year

Posted: September 19, 2019 at 8:40 am

Citing data from the U.S. Bureau of Labor Statistics (BLS), outplacement firm Challenger, Gray & Christmas is predicting that the number of seasonal jobs offered this year will be no ...
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Will UAW Strike Against GM End Sooner Rather Than Later?

Posted: September 16, 2019 at 8:20 am

At one minute before midnight Sunday, nearly 50,000 members of the United Auto Workers (UAW) union went on strike against General Motors Co. (NYSE: GM), the first time in a ...
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