UAW Bends on Wage Demands as Talks Progress in Detroit
The union has proposed a mid-30% wage increase, down from an initial demand of at least 40%
Source: wsj.com
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UPS to Pay 46% of Wage Hikes in First Year of Union Contract
By Ben Glickman UPS said it would pay nearly half of the annual wage increases from its recently ratified five-year Teamsters contract in the first year. The...
Source: marketwatch.com
For Auto Workers, It Isn't Just About Pay
The UAW is pressing for more work-life balance during contract talks; the automakers want better attendance
Source: wsj.com
UPS Stock Is Slumping. Higher Labor Costs Aren't the Main Issue.
Monday evening, United Parcel Service updated investors on the impact of the new Teamsters deal. Investors didn't like management's guidance.
Source: marketwatch.com
GM and Ford's bonds are already reflecting worries about a possible strike
GM and Ford's bonds have seen selling pressure for the last 10 days, as these charts show.
Source: marketwatch.com