A Saturday demonstration outside of a Lowe’s home improvement store in a Detroit suburb brought out more than 150 local residents and religious leaders and even one state representative — all of whom were protesting the chain’s decision to pull its ads from the TLC reality show All-American
Weeks after United Auto Workers members approved a new deal with General Motors, the union’s Ford workers ratified a new collective bargaining agreement with the only major American automaker not to go through bankruptcy in 2009.
The United Auto Workers ratified the first new collective bargaining agreement with General Motors after 2009′s managed bankruptcy kept the automaker alive. The deal is good for four years.
With the UAW’s contracts with the Big Three automakers already expired and operating under an extension, it appears that General Motors will be the first to strike a new deal that gives back some of the concessions workers made to help the company survive bankruptcy in 2009.
Specifically, Chapter 11. General Motors’ creditors have rejected the latest offer extended to them to facilitate an out-of-court restructuring — a swap of some $27 billion in GM debt for a 10 percent equity stake in the new, reorganized company. Creditors are complaining that union stakeholders were offered a More…
When the chief executives of the Big Three automakers first came to Washington to ask Congress for a $25 billion-bailout, they arrived in town on private jets.
When 16 active and retired members of the United Auto Workers headed to Washington on Sunday night to press the need for government More…
As congressional lawmakers debate whether America’s automakers deserve an emergency cash infusion, a central point of contention has been the relationship between the powerful autoworkers union and Detroit’s failed business model. In a sentence: Many Republicans argue that the platinum pension and health-care benefits enjoyed by workers have More…
rss