Tag: Labor economy
Boeing Begins Furloughing Employees Amid Strike Concerns
Boeing is taking action to preserve cash amidst an ongoing machinist strike by temporarily furloughing thousands of U.S. executives, managers, and staff. The furloughs will impact tens of thousands of
DetailUAW Union Accuses Stellantis of Unfair Labor Practices
The United Auto Workers (UAW) union filed federal unfair labor practice charges against Stellantis for allegedly breaching contract terms and attempting to shift production of the Dodge Durango outside the
DetailBoeing workers vote on new contract renegotiation amid strike threat
Boeing workers are currently voting on a new labor contract that could potentially lead to a strike, risking the struggling plane-maker’s recovery, according to the company’s CEO. The tentative agreement,
DetailJuly job openings decline exceeds expectations
Job openings reached a 3 1/2 year low in July, according to the latest data from the Labor Department, indicating slack in the labor market. The Job Openings and Labor
DetailAircraft production at risk as strike threatens recovery
Boeing CFO Brian West expressed concerns about the impact of a labor strike that commenced after workers rejected a new contract and walked off the job. The strike is expected
DetailPrivate Payrolls in August Increase by Only 99,000, Missing Estimates, ADP Reports
Private sector payrolls saw the slowest growth in over three and a half years in August, with ADP reporting that companies added just 99,000 workers during the month. This figure
DetailBoeing workers reject contract and prepare for strike in overwhelming vote
Over 30,000 Boeing workers were poised to go on strike on Friday, bringing most of the company’s aircraft production to a halt following the rejection of a new labor contract
DetailAmerican Airlines flight attendants approve new contract with significant salary increases
American Airlines flight attendants have approved a new five-year labor deal, bringing an end to a contentious contract negotiation. The agreement includes raises of up to 20.5% for cabin crews
DetailBunq Neobank Ramping Up Hiring Efforts with Focus on Remote Digital Nomads
Dutch digital bank Bunq is planning to re-enter the U.K. market to target the 2.8 million British “digital nomads.” The challenger bank is looking to expand globally, including in the
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