Category: strike
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances By Reuters
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Written by Alison Lambert and David Shepardson (Reuters) – Boeing Co plans to cut 17,000 jobs – 10% of its global workforce – delaying the first deliveries of its 777 – Long strike. CEO Kelly Ortberg said in a letter to employees that the significant downgrade was necessary “to adjust…
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Biden and Netanyahu ‘made significant progress’ on limiting strike on Iran
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A a report In Walla News weighs heavily on oil. It is said that: Prime Minister Benjamin Netanyahu and US President Joe Biden made significant progress during their phone call on Wednesday in reaching an understanding on the scope of Israel’s planned retaliatory action against Iran, according to three senior…
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Stellantis sues UAW in US federal court over strike threats By Reuters
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Written by David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) – Stellantis, the parent company of Chrysler (NYSE:), has filed a federal lawsuit against the United Auto Workers, saying the union violated a contract by threatening to strike over the company’s delay in a planned investment. The automaker filed the lawsuit…
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US port strike ends, leaving cargo backlog By Reuters
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By Doyinsola Oladipo and David Shepardson (Reuters) – U.S. East Coast and Gulf Coast ports reopened on Friday after dock workers and port operators reached a wage agreement to settle the industry’s biggest work stoppage in nearly half a century, but clearing a backlog of cargo will take time. The…
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Fed’s Goolsbee: Retailers stockpiled ahead of the dockworker strike
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A strike by dockworkers was expected, and retailers stocked up Retailers have about two weeks of extra inventory, and there will be an impact after that The dockers’ strike may have impacts on the supply chain, which could mean some price increases We have succeeded in reducing the inflation rate…
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Iran’s Missile Strike On Israel Shakes Crypto Market, Prices Plummet
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Bitcoin fell more than 6% early Tuesday as a result of the Iranian missile attack on Israel, which intensified. Tensions in the Middle East. Once the cryptocurrency market opened up, Bitcoin dropped to its current level, just under $61,000. Bitcoin It actually fell from around $62,200 earlier in the day,…
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Iran’s Missile Strike On Israel Shakes Crypto Market, Prices Plummet
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Bitcoin fell more than 6% early Tuesday as a result of the Iranian missile attack on Israel, which intensified. Tensions in the Middle East. Once the cryptocurrency market opened up, Bitcoin dropped to its current level, just under $61,000. Bitcoin It actually fell from around $62,200 earlier in the day,…
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US port strike disrupts hamburger supplies, frozen seafood
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By Tom Polancik and P.J. Hofstadter CHICAGO (Reuters) – A strike by dockworkers at U.S. East Coast and Gulf Coast ports is blocking imports of beef that restaurants and retailers increasingly rely on to make hamburgers because of limited domestic supplies, traders and industry members said. The labor strike is…
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How Biden could use a 1947 law to suspend the dockworkers’ strike
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Some manufacturers and retailers are urging President Joe Biden to invoke the 1947 law as a way to suspend a strike by 45,000 dock workers that has led to… Closing 36 American ports From Maine to Texas. At issue is Section 206 of the Labor-Management Relations Act of 1947, commonly…
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US dockworkers strike, halting half the nation’s ocean shipping By Reuters
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By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) – Port workers on the U.S. East Coast and Gulf Coast began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the nation’s shipping, after negotiations for a new labor contract collapsed over wages.…
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US dockworkers strike, halting half the nation’s ocean shipping By Reuters
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By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) – Port workers on the U.S. East Coast and Gulf Coast began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the nation’s shipping, after negotiations for a new labor contract collapsed over wages.…
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European automakers most at risk from US dockworkers strike, analysts say By Reuters
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DETROIT (Reuters) – European automakers are likely affected by strikes by dockworkers at U.S. East Coast and Gulf Coast ports because they rely heavily on those sites, but a longer strike could impact the industry more broadly if suppliers suffer, analysts said. Dockworkers began their first large-scale strike in nearly…
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US Dockworkers Strike Set to Go Ahead After No Deal Announced
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Breadcrumb links BMN Business Dockworkers are set to walk out of every major port on the US East and Gulf Coasts, marking the start of a strike that could spread to the world’s largest economy and cause political unrest just weeks before the presidential election. Article writer: Bloomberg News Laura…
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Three Palestinian leaders killed in Israel strike in Beirut By Reuters
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Written by Maya Gebaili, Laila Bassam, and Mohamed Gebaili BEIRUT (Reuters) – The Palestinian Hamas movement said on Monday that three of its leaders were killed in an Israeli strike on Beirut, the first attack within the city’s borders as Israel escalates hostilities against Iran’s allies in the region. The…
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Three Palestinian leaders killed in Israel strike in Beirut By Reuters
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Written by Maya Gebaili, Laila Bassam, and Mohamed Gebaili BEIRUT (Reuters) – The Palestinian Hamas movement said on Monday that three of its leaders were killed in an Israeli strike on Beirut, the first attack within the city’s borders as Israel escalates hostilities against Iran’s allies in the region. The…
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US East Coast port strike set to start Tuesday, says union By Reuters
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Written by David Shepardson and Steve Holland WASHINGTON (Reuters) – A strike at ports on the U.S. East Coast and Gulf of Mexico will begin on Tuesday, the International Longshoremen’s Union said on Sunday, signaling action that could cause delays and disrupt supply chains. “The United States Naval Alliance… refuses…
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Boeing wage talks break off without progress to end strike, union says By Reuters
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(Reuters) – The International Association of Machinists and Aerospace Workers (IAM) said late on Friday that its talks on a pay deal with Boeing (NYSE:) have stalled, and that there are no further dates scheduled for negotiations at this time. “We are open to talks with the company, either directly…
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UAW members at Ford’s River Rouge tool and die unit set strike deadline By Reuters
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(Reuters) – The United Auto Workers union said on Wednesday it has set a strike deadline at Ford Motor Co’s (NYSE:F) tool and die unit at the River Rouge complex over local contract issues. Ford’s Rouge complex, which employs about 6,000 people, has more than 500 workers in the tooling…