A tentative contract between General Motors Co and the United Auto Workers union adds U.S. factory jobs and replaces traditional wage increases with profit-sharing, union officials said on Tuesday.
A tentative contract between General Motors Co and the United Autos Workers would create more than 6,000 U.S. factory jobs and pay existing workers profit-sharing bonuses of at least $3,500 in 2012, union officials said on Tuesday.
About 48,500 General Motors Co workers at U.S. factories will begin considering the details of a proposed four-year contract on Tuesday that represents the first labor deal for the automaker since its 2009 bailout by the Obama administration.
General Motors Co and the United Auto Workers union reached a proposed contract for about 48,500 production workers that would create new U.S. factory jobs and include profit-sharing bonuses.
The pact remains subject to approval by the union’s rank-and-file membership.
Might sales be disappointing, that is, somewhat less than stupendous? And in that event, could investors start to fret over Apple’s Jobs-less future?
General Motors Co and the United Auto Workers union negotiated into the night Friday to hammer out a new contract for 49,000 production workers in the first talks since the top U.S. automaker was saved by a government bailout.
General Motors Co and the United Auto Workers union on Friday reached a proposed contract for almost 49,000 production workers that both sides said would create new U.S. factory jobs and include profit-sharing bonuses.
General Motors Co and the United Auto Workers union were nearing a new contract for 49,000 production workers in talks in Detroit on Friday, people with direct knowledge of the negotiations said.
Tech analysts and other experts are almost universally expecting the iPhone 5 to be a blockbuster.
General Motors Co and Chrysler Group LLC agreed to extend labor contracts with the United Auto Workers on Thursday as the union's negotiations failed to produce the expected breakthrough on pay for 113,000 autoworkers.
The United Auto Workers union has made much progress toward reaching a new contract with General Motors Co to replace a deal on wages and benefits that expires just before midnight on Wednesday, a senior union official said.
The jobs cut is the single largest job reduction by a U.S. company this year, and the most since the U.S. Postal Service said last year it wanted to cut an additional 30,000 jobs.
Near the peak of General Motors Co's financial crisis, Opel workers laid a coffin at the feet of the brand's founder Adam Opel to mark what they considered the death of the brand.
We knew that moment terrorists attacked the U.S. on 9/11 and we all stopped, literally, in our tracks, watching the horror and grieving over the death of so many individuals and a freedom that had for so long seemed so easy.We knew then that America would never be the same. We didn't exactly know what that meant. But we knew it would never be the same, that we would never be the same. We tried to pick ourselves up, best we could, embossing our lives for a bit in the national colors of red...
Contract talks between General Motors Co and the United Auto Workers union have intensified and shifted to consideration of the scope and terms of a profit-sharing deal for some 49,000 workers at the top American automaker, people with knowledge of the talks said.
Contract talks between General Motors Co and the United Auto Workers union have intensified and shifted to consideration of the scope and terms of a profit-sharing deal for some 49,000 workers at the top American automaker, people with knowledge of the talks said.
General Motors Co recognizes that its pension deficit represents a risk to the company that management is hoping to take off the table for investors, Vice Chairman Steve Girsky said on Wednesday.
Saab had to halt production in April because its suppliers stopped making deliveries after they were not getting paid.
Defying expectations, the U.S. service sector expanded at a slightly faster pace in August -- but remains too weak to help a sluggish economy that's not creating enough jobs.
With more than a million unemployed construction workers across the nation, President Barack Obama on Monday said he intends to spend to rebuild America's infrastructure and boost hiring, which will be key components of a plan he is working on to stimulate the U.S. economy.
President Barack Obama previewed proposals on Monday for new infrastructure spending and an extension of payroll tax cuts as part of a major jobs package he will unveil this week, and challenged Republicans to find common ground with him.