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Labor Strikes

All articles tagged with #labor strikes

business1 year ago

Volkswagen Faces Nationwide Strikes Amid Labor Dispute

The IG Metall trade union has called for labor strikes at all Volkswagen plants in Germany after negotiations over job cuts failed. Volkswagen seeks to restructure and reduce production due to sluggish car sales, proposing wage cuts and potential layoffs. The union opposes these measures, promising intense strikes unless VW shifts focus from cuts to future prospects. While VW prepares for disruptions, collective bargaining continues with little progress. The conflict involves pay for 120,000 employees, with VW demanding a 10% wage cut amid financial pressures.

via DW (English)|
#business#collective-bargaining#ig-metall
labor-strikes1 year ago

Nigerian Unions Halt Strike After Shutting Down Grid and Airports

Nigerian labor unions have initiated an indefinite strike, shutting down the national power grid, disrupting airline operations, and blocking parliament gates, demanding an increase in the minimum wage from N30,000 to N494,000. The strike, the fourth since President Bola Tinubu took office, has led to widespread disruptions, including the closure of banks and hospitals. The unions are protesting the government's failure to address their demands amid rising inflation and a cost of living crisis.

via The Guardian|
#airline-disruptions#labor-strikes#labor-unions
labor-strikes1 year ago

UC Academic Workers Strike Over Protest Crackdown and Free Speech Violations

Academic workers at UCLA and UC Davis have joined a strike initiated by United Auto Workers Local 4811, protesting the University of California's handling of pro-Palestinian protests and encampment crackdowns. The strike, which began at UC Santa Cruz, is disrupting classes and academic activities as workers demand protection of free speech, amnesty for participants, and divestment from companies profiting from Israel's actions in Gaza. The university's request to halt the strike was denied by the state labor board, and the strike is expected to expand to more campuses.

via Los Angeles Times|
#academic-workers#labor-strikes#pro-palestinian-protests
entertainment1 year ago

"Hollywood's Looming Labor Crisis: Unions Gear Up for Showdown with Studios"

Hollywood crewmembers, still reeling from the 2023 strikes, are gearing up for upcoming contract negotiations as major crew unions IATSE and the Hollywood Teamsters prepare to enter bargaining talks. Despite skepticism, many crewmembers are determined to make significant gains, including addressing working conditions, wage increases, and boosting health and pension plans. The industry's slow return to work post-strikes has left many facing continued hardship, with crewmembers divided on the possibility of another strike, while union negotiators aim to learn from past grievances and navigate the current production environment.

via Hollywood Reporter|
#crew-unions#entertainment#hollywood
business-automotive1 year ago

Stellantis' Profit Fluctuations Amid Industry Challenges

Stellantis, the parent company of Jeep and Dodge, reported a 10% drop in profit for the second half of 2023 due to six-week strikes at the "Detroit Three" automakers. Despite the impact of industrial action, the company's adjusted operating income exceeded analyst forecasts, leading to a more than 4% jump in its shares. Stellantis reached an agreement with the United Auto Workers union, resulting in a $18.9 billion investment in the U.S. and ratified by workers. The company proposed a dividend increase and a 2024 share buyback program after reporting strong earnings for 2023 as a whole.

via CNBC|
#auto-industry#business-automotive#detroit-three
entertainment2 years ago

"TV Premieres Plummet as Strikes and Cost-Cutting Take Toll on Filming in 2023"

A report by data firm Luminate reveals that the number of TV program premieres in 2023 dropped by 21% compared to 2022, with a total of 1,784 premieres. This decline is attributed to labor strikes and industry cost-cutting measures. The decrease in premieres was most notable in comedies and dramas, while unscripted and animated series saw smaller declines. The effects of the strikes and cost-cutting may continue into 2024, potentially signaling the end of the Peak TV era.

via Hollywood Reporter|
#cost-cutting#entertainment#labor-strikes
business2 years ago

Tesla Boosts Pay for Nevada Gigafactory Workers, Deters Unionization

Tesla plans to raise the pay of hourly workers at its battery factory in Nevada by around 10% starting in January 2024, in an effort to potentially deter workers from forming a union. The pay increases range from $2 to $8.30 per hour, with some workers seeing their hourly rate increase from $20 to $22 on the low end and from $30.65 to $34.50 on the high end. The move comes as Tesla faces competition for talent and ongoing labor strikes in various countries.

via CNBC|
#business#gigafactory#labor-strikes
labor-strikes2 years ago

Faculty Strikes Hit California State Universities

Faculty members at the California State University system are engaging in rolling strikes at four campuses to demand higher pay and better benefits. The strikes, organized by the California Faculty Association, represent a response to stalled contract negotiations with the university system. The union is seeking a 12% pay increase for the current academic year, while the university has offered a 5% increase for each of the next three years. The strikes aim to demonstrate the union's ability to organize its members for job actions if necessary.

via The New York Times|
#better-benefits#cal-state#california-faculty-association
business2 years ago

UAW Union Workers Reject Record GM Deal, Voting Continues

United Auto Workers (UAW) members at General Motors (GM) are on the verge of rejecting a tentative union deal that ended a six-week labor strike against the automaker. Several major GM plants have already voted against the pact, representing 40% of GM's union employees. The UAW and GM have not commented on the voting results. If the deal is voted down, the UAW will need to decide whether to reinitiate strikes, reopen negotiations, or both. The deal, which included wage increases and other benefits, has faced criticism from UAW members for not meeting their expectations. A rejection at GM would be a setback for UAW President Shawn Fain.

via CNBC|
#business#general-motors#labor-strikes
entertainment2 years ago

Reflections on Hollywood's Season of Strikes: Lessons Learned and the Impact on Small Businesses

After a record-breaking work stoppage, SAG-AFTRA and its largest employers have reached an agreement, ending the strike that lasted over six months. The labor actions highlighted the industry's issues with over-production, capital expenditures, and audience return. The strikes also sparked discussions about the impact of artificial intelligence on creative employment. The Hollywood labor contract negotiating process needs to be reevaluated for the modern era, and a bipartisan industry commission should be appointed to study and improve the process. Attention now turns to IATSE, as their master contract is set to expire on July 31. Lessons learned from this year's labor strife should be applied to avoid a repeat of dysfunction in the industry.

via Variety|
#ai#entertainment#hollywood
business2 years ago

Stellantis Overcomes UAW Strikes, Reports Higher Revenues

Labor strikes by the United Auto Workers (UAW) union, along with strikes by the Canadian union Unifor, have cost Stellantis approximately $3.2 billion in lost revenue through October. The strikes, which lasted for about six weeks, affected Stellantis, General Motors, and Ford Motor. Stellantis has reached tentative agreements with both unions, but the deals still need to be ratified. Despite the strikes, Stellantis maintained its 2023 guidance, indicating the strength of its global footprint compared to its U.S.-based competitors.

via CNBC|
#automotive-industry#business#labor-strikes
business2 years ago

Labor Strikes End as Automakers and UAW Reach Agreements, Securing Investments and Bonuses

General Motors (GM) has reached a tentative agreement with the United Auto Workers (UAW), ending the six-week-long labor strikes at Detroit automakers. This deal follows similar agreements reached by Ford and Chrysler-parent Stellantis. The proposed agreements include significant wage increases, improved benefits, and enhanced job security. The deals must still be ratified by union members. The strikes have cost the automakers billions of dollars in lost production. The UAW took a more confrontational approach during negotiations, breaking from its usual practice of bargaining with each automaker individually. The exact impact on labor costs for the companies is yet to be determined.

via CNBC|
#business#collective-bargaining#general-motors
business2 years ago

"GM's Earnings Report Amid UAW Strike: What Investors Should Expect"

General Motors is set to report its third-quarter earnings, with Wall Street expecting adjusted earnings per share of $1.88 and revenue of $43.68 billion. The results would show a 4.3% increase in revenue compared to the previous year, but a significant dent in earnings per share. GM has been dealing with ongoing strikes by members of the United Auto Workers, with over 40,000 UAW members on strike across GM, Ford, and Stellantis. The work stoppages have cost GM approximately $200 million in lost production in September.

via CNBC|
#business#earnings-report#general-motors
international-affairs2 years ago

"5 Key Updates: Israel, Economy, House Speaker, Labor Strikes, and More"

Israel continues its large-scale strike on Hamas targets in Gaza as the conflict enters its sixth day, with concerns growing over a potential humanitarian crisis and hostage situation. US Treasury Secretary Janet Yellen downplays the impact of the war on the global economy. House Republicans nominate Rep. Steve Scalise for speaker, but he still needs to secure enough votes. Negotiations between Hollywood studios and SAG-AFTRA are suspended, while autoworkers join picket lines. President Biden unveils efforts to crack down on hidden fees, and the Powerball jackpot reaches $1.73 billion.

via CNN|
#economy#hamas#house-speaker
finance2 years ago

"Key Highlights: Labor Strikes, Inflation, and Nike Earnings"

This week, investors will be keeping an eye on updates regarding labor strikes, inflation data, and earnings reports from companies like Nike and Costco. The Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation indicator, will be released on Friday. Additionally, consumer sentiment checks, housing data, and an update on quarterly economic growth are expected. The ongoing labor disputes between the United Auto Workers (UAW) and the Alliance of Motion Picture and Television Producers (AMPTP) will also be in focus. Stocks will be looking to bounce back after a sell-off last week following the Fed's hawkish outlook.

via Yahoo Finance|
#economic-data#federal-reserve#finance