Posts tagged International Association of Machinists and Aerospace Workers
Labor’s Hidden Monopoly: Why the FTC Should Probe Union Power Too
April 1, 2025 // However, the modern economy calls for a fresh assessment of how we balance worker representation with the benefits of competition. Just as the FTC scrutinizes corporate mergers that could harm consumer welfare, it should consider the anticompetitive effects when a single union controls a significant share of an industry's workforce. Indeed, the FTC’s Bureau of Economics and Office of Policy Planning are both positioned to play a key role in researching labor markets to identify barriers to competition—including those created by government laws and regulations. By studying these dynamics, the FTC can publish research and spotlight how certain government-imposed rules or union protections may inadvertently stifle competition and harm workers.
Labor unions call on Trump to boost US shipbuilding against increasing Chinese dominance
February 20, 2025 // Last year under President Joe Biden, the unions filed a petition seeking to address China’s shipbuilding under Section 301 of the 1974 U.S. Trade Act, hoping to start a process by which tariffs and other measures could be enacted. The letter notes China manufactured more than 1,000 ocean-going vessels in 2023, while the United States made fewer than 10 ships. It adds that the Chinese shipbuilding industry received more than $100 billion in government support from 2010 to 2018, such that Chinese shipyards accounted for the majority of worldwide orders last year.
Sanders and Hawley’s Interest Rate Cap Would Ban Their Union Allies’ Credit Cards
February 10, 2025 // They should have checked with their union boss pals before taking such a position. Many major labor unions have deals with banks to offer branded credit cards as a member benefit. Some of them can charge interest rates in excess of the 25 percent rate Sanders finds extortionate, and nearly all of them charge higher than 10 percent. One of the most common credit card partnerships for unions is with Capital One, which offers a Union Plus Mastercard. It is marketed as “Built for Union Members. Backed by Union Members,” and accounts are limited to active or retired union members or their families.
Unionized Grocery Workers Are a Sleeping Giant
February 5, 2025 // A coalition of UFCW Locals 7, 324, 770, and 3000 helped defeat the largest proposed grocery merger in US history between Kroger and Albertsons. Now these locals are collaborating on contract negotiations and sending support to the King Soopers strike in Colorado
IKEA union votes to continue its strike
December 30, 2024 // It hasn't been without issue, as one striker was arrested at the picket line Dec. 17 and charged with six misdemeanors including hindering a passageway, intoxicated public disturbance, disorderly conduct and resisting arrest. Joshua Westcott, from Conowingo, has a Jan. 15 trial date.
Unions Defy Their Leadership With More ‘No’ Votes on Contracts
October 16, 2024 // Fed up with inflation and seizing a moment of labor power, workers at Boeing, AT&T and Southwest reject deals negotiated by union bosses
Boeing’s labor strike is so bad that the US Labor Secretary just flew to Seattle to help
October 16, 2024 // Analysts at Anderson Economic Group estimated that the first month of Boeing's 33,000-worker strike, which started on September 13, cost the company and workers $5 billion. The last strike, in 2008, shuttered plants for eight weeks and hit revenue by an estimated $100 million per day. In regulatory filings Tuesday, Boeing announced plans to raise up to $35 billion. That includes a $10 billion credit agreement, while it may also sell up to $25 billion of securities.
Opinion: Why union workers are abandoning the Democratic Party
October 15, 2024 // Scott Sauritch, the president of United Steelworkers Local 2227, drew significant public attention recently when he told a writer for the New Yorkerthat despite being a longtime Democrat, he would be voting for Donald Trump in November. He also said that most of the current rank-and-file members of the union planned on doing the same. “I don’t care what you see on TV,” Sauritch said. “The grunts in the lunchroom love Trump.”
Boeing will lay off 10% of employees as a strike shuts down airplane production
October 14, 2024 // About 33,000 union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal, and Boeing filed an unfair-labor-practices charge against the International Association of Machinists and Aerospace Workers. As it announced layoffs, Boeing also gave a preliminary report on its third-quarter financial results — and the news is not good for the company. Boeing said it burned through $1.3 billion in cash during the quarter and lost $9.97 per share. Industry analysts had been expecting the company to lose $1.61 per share in the quarter, according to a FactSet survey, but analysts were likely unaware of some large write-downs that Boeing announced Friday — a $2.6 billion charge related to delays of the 777X, $400 million for the 767, and $2 billion for defense and space programs including new Air Force One jets, a space capsule for NASA and a military refueling tanker.
Massachusetts Ballot Measure Would Shove Rideshare Workers Into the Arms of Unions
October 12, 2024 // Even as independent contractors, however, unions still threaten drivers’ flexibility. Unions might negotiate standardized rates, mandatory breaks, or limits on working hours, which, while beneficial in some industries, could restrict a driver’s ability to capitalize on peak demand periods or adjust their work hours to fit personal schedule. The risk of such changes only magnifies when one considers that the Ballot Measure only requires a 25% vote from drivers to form a union that would represent them as a whole. This means that the 30% of drivers working full-time, who would benefit most from being treated like employees, might be able to dictate policy for all rideshare drivers.