Posts tagged layoffs
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.
Port Strike Halts: Now What? Commentary
October 9, 2024 // Even a new contract agreement, if it does not fundamentally address American port uncompetitiveness, would prove to be only a six-year punt. Legislation has been introduced to move port workers from the main National Labor Relations Act governance structure that applies to most private-sector workers to the Railway Labor Act, which governs the railroad and airline industries. This change would give Congress and the administration more power to impose a negotiated settlement and prevent strikes, but the idea has been batted around for nearly a decade.
Unionized workers at Southern Poverty Law Center call for CEO’s removal amid allegations of deception and union-busting
October 2, 2024 // Unionized workers demand the removal of CEO Margaret Huang, citing inconsistent justifications for cuts and concerns over the organization’s mission
Opinion: The Dangers of Union Expansion in Missouri
September 25, 2024 // Consider the fact also that the UAW has spent lavishly on travel, hotels, and executive salaries over the past several years. For example, from 2013 to 2018, the UAW spent $43 million on hotels and resorts and $4 million on restaurants and bars. Two past UAW Presidents have been convicted of felonies involving financial mismanagement. Meanwhile, current President Shawn Fain is under investigation by a federal court-appointed watchdog. Fain has been accused by two union officials of retaliating against them when they refused to take actions that would have benefited Fain’s fiancé and her sister.
Union autoworkers won big after striking. A year later, some face an uncertain future
September 15, 2024 // Now, workers are wondering how committed the trans-Atlantic automaker is to remain in the U.S. at all. For years, Cooper says, old-timers at his plant in Toledo have warned that if wages rose too much, the company would move jobs to Mexico. It's a threat he's always shrugged off, given how profitable the Jeep plant has been for Stellantis.
UAW workers at Stellantis could strike over Illinois plant reopening
August 20, 2024 // Last month, the U.S. Energy Department said it planned to award Stellantis $334.8 million to convert the shuttered Belvidere Assembly plant to build EVs and $250 million to convert its Indiana Transmission Plant in Kokomo to produce EV components. The UAW said since 2023 "the company has gone back on its product commitments at Belvidere, and has been unreceptive in talks with the union to stay on track." The UAW added "this glaring violation of the contract imperils all of the other investment commitments the company has made."
Commentary: Unions are bad for cities
August 16, 2024 // The truth is that unionization doesn’t even increase wages for all union members. Single-salary schedules ensure that senior members earn the most and new members the least, regardless of value or merit. While union leaders may brag about the union member premium — the ostensibly higher wages that unionized workers earn — it only exists for older members, where it exists at all. What’s more, unions’ seniority layoff system protects longer-serving union members before anyone else. The most junior employees are the first to be let go and the last to be rehired. Last-in-first-out layoffs do nothing to improve productivity, but they do a lot to protect senior members.
Crooked Media Union Stages Walkout After More Than A Year Of Contract Negotiations
August 6, 2024 // The WGAE accuses Crooked Media of excluding several staff members from the bargaining unit “in an effort to undermine the union and deprive those workers of their collective bargaining rights.” Founded in 2017 by former President Barack Obama staffers Jon Favreau, Jon Lovett and Tommy Vietor, Crooked Media produces podcasts including Pod Save America, What a Day, Hall of Shame and Lovett It or Leave It.
Salt Lake Tribune journalists launch campaign to unionize
July 19, 2024 // Staffers have filed an election petition with the National Labor Relations Board, but say they will withdraw the request if the the Salt Lake News Guild is voluntarily recognized as a union by July 19. If a union vote moves forward and the majority of employees approve, labor contract negotiations can start. The Salt Lake guild is working with the Denver Newspaper Guild and Communications Workers of America.
Union workers at downsizing tractor factory weigh Biden vs. Trump
July 16, 2024 // Trump and his populist strain of protectionist policies such as tariffs on Chinese goods accelerated a drift toward Republicans by unionized workers. A question in this year’s race is whether unions such as the UAW can reverse this migration. “Joe Biden is the most pro-union president in American history, the first president to walk a picket line, the defender of more than 1 million pensions, and a champion for working people over greedy corporations," a Biden campaign spokesperson said. A campaign spokesperson meanwhile said Trump has made "historic gains with longtime Democrat constituencies including African Americans, young people and union workers."