The machinists union that represents more than 33,000 workers said that the deal includes raises of 35 percent over the four-year life of the contract.
Category: Layoffs and Job Reductions
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Pitchfork Alumni Launch New Music Publication, Hearing Things
After the popular publication was folded into GQ, a group of them is striking out on its own. One of the first orders of business: doing away with album scores.
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Boeing Will Cut 17,000 Jobs in Bid to Slash Costs
A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.
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Crane Collapse From Milton Hits Building Housing The Tampa Bay Times
Reporters at The Tampa Bay Times are covering their second hurricane in a month.
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Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
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GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
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Boeing to Begin Temporary Layoffs Because of Strike
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
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Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
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Greener Steel at Britain’s Largest Plant Comes With Heavy Job Losses
The British government and Tata of India said they would invest 1.25 billion pounds in a plan to convert the steel mill at Port Talbot in Wales to an electric furnace.