All articles tagged with #labor contract
The United Auto Workers announced a tentative four-year contract with Volkswagen at the Chattanooga, Tennessee, plant, marking the union’s first agreement with a foreign automaker in the South. The deal includes a 20% wage increase, reduced health-care costs, job-security protections, stronger health and safety standards, a $6,550 signing bonus, and annual $2,550 bonuses, and now goes to a member vote for ratification.
Starbucks union workers plan to strike on November 13 at at least 25 U.S. stores unless a labor contract is finalized, amid ongoing disputes over pay, benefits, and working conditions, with the union demanding significant improvements and the company emphasizing its current offerings.
Starbucks union workers plan to strike on November 13 at at least 25 U.S. stores unless a new labor contract is agreed upon, amid ongoing disputes over pay, benefits, and working conditions, with the union demanding significant pay increases and changes to store operations.
Starbucks unionized workers are threatening to strike on November 13 if the company does not finalize a labor contract by then, as part of ongoing negotiations for better pay and hours. The union, representing over 9,500 employees, has voted overwhelmingly in favor of striking, which could impact stores across 25 U.S. cities, coinciding with Starbucks' annual Red Cup Day promotion. The negotiations have been stalled since April, with the union demanding increased wages and hours, while Starbucks claims to offer industry-leading wages and benefits.
Broadway musicians have voted overwhelmingly to authorize a strike amid ongoing contract negotiations with the Broadway League, which could impact most Broadway shows if a strike occurs, alongside similar tensions with actors and stage managers, raising concerns about potential disruptions to the theatre industry.
Over 3,200 unionized Boeing workers in Missouri and Illinois are set to strike after rejecting a contract offer that included significant wage growth, due to unresolved issues related to work schedules. The strike follows the rejection of the company's revised contract by the union representing workers who build fighter jets and defense systems, with Boeing preparing contingency plans to support ongoing operations.
United Airlines flight attendants rejected a proposed contract that included immediate raises of at least 26%, citing it did not sufficiently address their years of sacrifice and the need for better quality-of-life improvements, signaling ongoing labor disputes.
Boeing is set to issue layoff notices to 17,000 workers, or 10% of its workforce, amid ongoing financial struggles and recent safety issues. This comes shortly after machinists ended a seven-week strike and secured a new labor contract with a 38% pay raise over four years. The layoffs add uncertainty for employees, with most affected U.S. workers expected to be notified by mid-November and leave by January 17. Boeing has faced $25 billion in losses since 2019, alongside scrutiny over safety and company culture.
Ford's Kentucky Truck Plant and the United Auto Workers union have reached a tentative agreement on a new local contract, avoiding a strike by the plant's 9,000 workers. The agreement, reached after more than five months of negotiations past the contract expiration, addresses issues such as minimum in-plant nurse staffing, ergonomic concerns, and skilled trades culture. The UAW had served Ford with a strike notice over these local contract issues in February. With this resolution, the focus now shifts to the 19 other local contracts across the country that are still seeking agreements.
General Motors is expected to report a 10.3% decrease in revenue and a 45.3% decline in adjusted earnings per share for the fourth quarter. Wall Street anticipates a "flattish" forecast compared to last year's earnings, with attention on residual costs from the new labor contract and 2024 guidance. GM reinstated its 2023 guidance, including net income and adjusted earnings before interest and taxes. Investors are also interested in updates on GM's electric vehicles and its autonomous vehicle subsidiary, Cruise, which is under investigation following an October accident.
Southwest Airlines has reached a tentative deal with its pilots union on a new five-year labor contract that includes a 50% wage increase over the next few years and improved retirement benefits. The deal, worth $12 billion, is now up for a vote by the union's more than 11,000 members. If approved, the contract would bring Southwest's pilot compensation in line with other major U.S. airlines and help the company attract and retain pilots in a competitive market.
The Teamsters union has announced that its members, who work at Anheuser-Busch breweries in the U.S., have overwhelmingly voted to authorize a potential strike if a new labor contract is not reached early next year. The union is seeking higher wages, job protection, and secure benefits. The current contract expires on February 29, 2024. The union and Anheuser-Busch have reached tentative agreements on some issues but have not negotiated on job security since mid-November. The union criticized the company for prioritizing stock buybacks over protecting jobs. Anheuser-Busch has not yet commented on the strike authorization.
Caesars Entertainment has reached a tentative deal with Las Vegas unions representing about 10,000 employees, averting a strike that was scheduled to take place in two days. The five-year contract, whose details were not immediately available, includes meaningful wage increases and aligns with plans to bring more union jobs to the Strip. Talks with MGM Resorts International and Wynn Resorts are ongoing, with a strike deadline set for Friday. The Culinary and Bartenders unions, representing 53,000 workers, have been demanding higher wages, improved safety, and protections against job-threatening technology.
The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is waiting for Hollywood studios to respond to their proposals as negotiations for a new three-year labor contract continue. The union sent its latest AI proposal to the studios on Wednesday and a comprehensive counter proposal package on Saturday, but as of Thursday evening, they were still awaiting responses. Work will resume on the contract on Friday. The strike's effects are being felt throughout the industry, with HBO announcing delays in several shows, and Paramount Global reporting nearly $60 million in strike-related idle costs.
The United Auto Workers (UAW) expanded their strike by calling for a walkout at a General Motors factory in Tennessee, just as they reached a tentative agreement with Stellantis, the parent company of Chrysler. Negotiators had been working to finalize a new contract, but the surprise strike halted progress.