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United Auto Workers (UAW) and Ford reached a tentative labor agreement Wednesday, the union announced, ending six weeks of strikes at the company. The four-year, tentative deal includes a 25 percent wage increase over the course of the contract, with 11 percent coming in the first year. Cost of living increases could lift the pay…
It has been an increasingly puzzling week for market watchers and economists alike, as the American economy continues to resist a recession and stymy policymakers hoping to lower inflation and stave off a downturn. A gangbusters September jobs report is putting the efficacy of Federal Reserve interest rate hikes into question, just as falling crude…
Talks between the United Parcel Service and the International Brotherhood of Teamsters may have the added complication of union leaders taking a harder line in an effort to attract workers at retail giant Amazon, sources said this week. The Teamsters and UPS are in heated negotiations over a new contract, with a Teamster strike authorized…
Talks between shipping giant UPS and the International Brotherhood of Teamsters union fell apart early Wednesday morning, increasing the likelihood of what would be one of the largest strikes in U.S. history. Representatives from UPS and the Teamsters failed to reach a deal on a new contract for the roughly 340,000 union members who work…
Tens of thousands of unionized workers for the United Parcel Service are on the verge of going on strike as negotiations between the company and the International Brotherhood of Teamsters for better benefits and working conditions reach a critical point. Workers dialed up the pressure on the shipping giant this week, demanding the company present…
The Teamsters working for shipping giant UPS said a strike is “imminent” after walking away from the bargaining table. The UPS Teamsters said in a statement late Wednesday it gave UPS a one-week notice Tuesday to “act responsibly and exchange a stronger economic proposal” to more than 340,000 employees of the shipping company. The Teamsters…
Senators on Wednesday grilled former Starbucks CEO Howard Schultz over widespread allegations of illegal union-busting tactics at the coffee chain under his leadership. Democrats on the Senate Health, Education, Labor and Pensions Committee questioned Schultz over his role in the company’s decision to fire pro-union baristas and close stores that unionized, among other efforts that…