Labor and Jobs – Page 8

Volkswagen Profit Shrinks as Unions Threaten Strike

Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.

By Melissa Eddy

Automobiles Factories and Manufacturing Germany Labor and Jobs Layoffs and Job Reductions Volkswagen AG Wages and Salaries

For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.

By Melissa Eddy

Airlines and Airplanes Aviation Accidents, Safety and Disasters Boeing 737 Max Groundings and Safety Concerns (2019) Boeing Company Credit Ratings and Credit Rating Agencies Labor and Jobs Layoffs and Job Reductions Ortberg, Robert K. Pensions and Retirement Plans S&P Global Inc Seattle (Wash) Stocks and Bonds Strikes

Boeing Will Sell $19 Billion in Stock Amid Costly Strike

The aerospace company, locked in a standoff with striking workers, is seeking to shore up its balance sheet and avoid a credit rating downgrade.

By Danielle Kaye

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Alabama Prison Labor Program Faces Legal Challenges

A work-release program for Alabama prisoners provides labor for corporations and income for the state. Lawsuits are challenging its constitutionality.

By Talmon Joseph Smith and Audra Melton

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