unionization

Striking employees at Boeing Co. (NYSE:BA) are poised to vote on a new contract proposal on Monday. The proposal, which includes a 38% wage increase over four years and a larger signing bonus, has received backing from the workers’ union. What Happened: The International Association of...

Former President Donald Trump has reiterated his commitment to imposing tariffs on cars imported from China and Mexico, aiming to protect American automotive jobs. What Happened: During an interview with Patrick Bet-David released on Thursday, Trump emphasized the critical role these tariffs would...

Editor’s Note: This story has been updated to correctly reflect that Boeing’s credit rating has been placed under negative watch by S&P Global Ratings. Boeing Co. (NYSE:BA) announced that further negotiations with striking workers are currently unfeasible. According to a statement...

In a recent development, Boeing Co. (NYSE:BA) has made a final pay offer to its striking workers, but the workers’ union has declined to put it to a vote. What Happened: Boeing, on Monday, made a “best and final” pay offer to its striking workers, which included reinstating a...

Boeing (NYSE:BA) will restart contract negotiations on Wednesday with its largest union. What Happened: The talks will involve federal mediators after the two sides failed to agree on wages and pensions on Tuesday. The International Association of Machinists and Aerospace Workers (IAM),...

In pre-market trading, shares of Boeing Co. (NYSE:BA) saw a slight increase following the announcement of a preliminary agreement between the company and its workers’ union, potentially averting a strike that could have disrupted operations. Boeing’s shares were trading 2.94% higher in...

Editor’s note: This story has been updated with a statement from Honda. In an ongoing unionization battle, the National Labor Relations Board (NLRB) has accused Honda Motor Co (NYSE:HMC) of violating workers’ rights at its Indiana plant. What Happened: The NLRB has accused Honda of...

Elon Musk, Tesla Inc.’s (NASDAQ:TSLA) CEO, suggested that President Joe Biden’s concern for Tesla leans more towards its unionization than its environmental contributions. What Happened: In a recent exchange on X, Ed Krassenstein posted a screenshot of Biden’s post on social media...

Brett Garrard, a Mercedes worker, emphasized the need for better work-life balance and a more predictable schedule as part of the ongoing unionization efforts at a Mercedes plant in Alabama. What Happened: Garrard’s statement, made on Last Call CNBC, comes amid a vote by over 5,000 workers at...

Technology giant Apple Inc (NASDAQ:AAPL) faces negative headlines concerning a case from the U.S. Department of Justice. Apple and its stock could now see pressure as shareholders grapple with what increased unionization of the company's retail stores could mean. What Happened: Apple has a recent...

The United Auto Workers (UAW) has pledged $40 million to support the organizing efforts of non-union autoworkers and battery workers over the next two years. What Happened: The UAW International Executive Board sanctioned the allocation of these funds in response to a surge in organizing activities...

Workers at the sole Hyundai Motor Co. (OTC:HYMTF) plant in the U.S., located in Alabama, have unionized with the United Auto Workers (UAW). What Happened: The UAW has successfully recruited 30% of the workforce at the Alabama Hyundai plant, reported The Hill on Thursday. This marks the third public...

In a recent development, the pilots of Southwest Airlines Co (NYSE:LUV) have agreed to a new labor deal that will see their pay increase by approximately 50% over the next five years. What Happened: The Southwest Airlines Pilots Association, representing some 11,000 pilots, has been in negotiations...

Federal labor officials have alleged Trader Joe’s of unlawfully shutting down its wine shop in New York City to hinder a union organizing effort. What Happened: The National Labor Relations Board’s general counsel has filed a complaint alleging that the grocery chain’s decision to...

In a recent development, over 1,000 workers at the Volkswagen (OTC:VWAGY) factory in Chattanooga, Tennessee, have signed union authorization cards, as announced by the United Auto Workers (UAW) union. What Happened: On Thursday, Dec. 7, 2023, as per a Reuters report, the UAW announced that more...