All articles tagged with #labor deal
Broadway musicians' union reached a tentative three-year labor agreement with producers, including wage and health benefit increases, preventing a strike that could have shut down 23 shows, amid Broadway's strong financial recovery post-pandemic.
Southwest Airlines and its pilots' union are nearing a preliminary labor deal that would increase pay for over 11,000 pilots and resolve months of contentious negotiations. While the specific details of the agreement have not been disclosed, the two parties have reached consensus on pay, retirement, and other matters, with an implementation schedule still being worked on. If approved by the union board, the agreement will be put to a ratification vote by the pilots. This would mark the final major U.S. airline to reach a labor agreement with its pilots this year, following similar deals by Delta Air Lines, United Airlines, and American Airlines.
Production workers at Ford's Louisville assembly and Kentucky truck plants have voted against a proposed four-and-a-half year contract, while skilled trades workers voted in favor of the deal. The United Auto Workers (UAW) Local 862 union reported that 55% of production workers rejected the contract, while 69% of skilled trades workers approved it. The overall percentage of votes in favor and the total number of votes cast were not disclosed. This comes as UAW union members at General Motors' Flint assembly plant in Michigan narrowly voted against the proposed contract with the automaker.
Wynn Resorts has reached a tentative labor deal with Las Vegas unions, averting a strike that could have severely impacted tourism in the city. The five-year agreement covers 5,000 employees and includes wage increases, reduced room quotas, and daily room cleanings. Similar deals were recently reached with Caesars Entertainment and MGM Resorts International. Negotiations are ongoing with smaller casinos and resorts. The agreement comes as workers in various industries seek wage hikes amid strong company sales. President Joe Biden praised the deals, stating they will improve workers' quality of life.
United Auto Workers (UAW) members at General Motors' Flint assembly plant in Michigan have voted against the union's tentative contract agreement with the automaker, with 51.8% rejecting the deal. This comes as UAW members at various plants across the nation are weighing in on whether to approve the agreement, which includes a 25% raise over the 4.5-year contract. Criticism has been raised by some members at other automakers as well, who are unhappy with the union's inability to secure a return to pensions or a shorter work week.
United Auto Workers (UAW) union members at General Motors' Flint assembly plant in Michigan have narrowly voted against a proposed contract with the automaker, raising uncertainty about the deal's approval. The UAW Local 598 reported that 51.8% of votes cast were against the agreement. The rejection could significantly raise costs for GM. Workers at other GM plants are yet to vote on the agreement, which includes a 25% increase in base wage through April 2028. The UAW's new agreement covers 46,000 workers at GM and has prompted non-unionized automakers to offer pay hikes.
United Auto Workers (UAW) members at General Motors' Flint assembly plant in Michigan have narrowly voted against a proposed labor contract with the automaker, with 51.8% of votes cast against the deal. The vote raises uncertainty about the approval of the agreement, which would significantly raise costs for GM. Workers at other GM plants are expected to vote on the contract in the coming weeks. The UAW's new agreement, covering 46,000 workers, includes a 25% increase in base wage and a cumulative 33% increase in the top wage by 2028.
United Auto Workers (UAW) union members at General Motors' Flint assembly plant in Michigan have narrowly voted against a proposed contract, signaling that approval of the deal is not guaranteed. The vote comes after the UAW and the Detroit Three automakers reached tentative agreements to end a costly strike. The proposed deal would significantly raise costs for GM, and workers at other plants are expected to vote on the agreement in the coming weeks.
The Culinary union has reached a labor deal with MGM Resorts International, covering 25,400 members and averting a strike at eight Las Vegas casinos. This comes after a similar deal was reached with Caesars Entertainment, avoiding a strike by 10,000 other union members at nine casinos. Both agreements need to be ratified by members before taking effect, but the threat of the largest hospitality strike in US history has largely ended.
MGM Resorts International has reached a historic labor deal with Las Vegas unions, averting a strike that threatened to shut down the Strip. The agreement, which covers 25,470 workers, comes after months of negotiations and includes improved pay, benefits, and safety protections for employees. This deal follows a similar agreement reached by rival Caesars Entertainment with 10,000 workers. The unions' demands for better compensation and benefits have been fueled by a shortage of workers and the record profits earned by casino resort operators in Las Vegas.
The recent labor deal between the United Auto Workers and Detroit automakers could ensure unionized workers have a significant role in the transition to electric vehicles (EVs). However, it remains uncertain whether Ford, General Motors, and Stellantis will successfully transition to EVs and be profitable, as they face competition from non-unionized Tesla and wavering buyer enthusiasm for expensive EVs. Additionally, the Biden administration's push for more EVs is dependent on securing a domestic supply chain for critical minerals needed for battery manufacturing, as China currently dominates the global supply.
Contract negotiations between the United Auto Workers (UAW) and General Motors (GM) are resuming after intense talks, with a potential labor deal based on the tentative agreement reached with Ford Motor. UAW President Shawn Fain is negotiating virtually with both GM and Chrysler parent Stellantis, while talks with Stellantis are also progressing. Tentative agreements would end six weeks of targeted labor strikes, with Ford's deal including significant pay increases and enhanced benefits. The deals still need approval from local UAW leaders and ratification by union-represented workers. The strikes have cost GM, Ford, and Stellantis billions of dollars in lost production.
Ford autoworkers are set to return to work after the United Auto Workers (UAW) union reached a tentative labor deal with the company, marking the first settlement in the strikes that have involved 45,000 workers since mid-September. The agreement, which still needs to be ratified by union members, includes a 25% wage hike over the contract's duration, increased retirement contributions, the elimination of lower-pay tiers for certain workers, and the reduction of time to reach top pay. The UAW is also granted the right to strike over plant closures. The deal is expected to set a pattern for negotiations with General Motors and Stellantis.
Ford Motor missed Wall Street's expectations for Q3 earnings due to the UAW strike, causing the company to withdraw its previously announced guidance. The strike, which ended with a tentative deal, impacted Ford's earnings, with an estimated cost of $600 million to $700 million. Ford reported a net income of $1.2 billion for the quarter, compared to a loss of $827 million a year earlier. The company's traditional business operations and commercial business performed well, while its electric vehicle unit incurred a loss. The UAW strike also affected other Detroit automakers, and Ford workers are set to return to work during voting on the tentative agreement.
Ford and the United Auto Workers (UAW) have reached a tentative labor deal after a 6-week strike. The agreement includes significant wage increases, with the top wage rising by over 30% to more than $40 an hour and the starting wage increasing by 68% to over $28 an hour. The lowest-paid workers will see a raise of over 150% over the life of the agreement. The deal also reinstates cost-of-living allowances and introduces a new three-year wage progression scale. The agreement is subject to approval by the UAW's Ford national council and ratification by a majority vote of the UAW's 57,000 Ford workers.